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India Grid Trust Rights Issue (India Grid Trust Rights Issue) Detail

Apr 6, 2021 - Apr 13, 2021
India Grid Trust Logo

India Grid Trust (IndiGrid) is India’s first listed power sector infrastructure investment trust, sponsored by the KKR Sponsor and the Sterlite Sponsor. It was established in October 2016 and is registered with SEBI under the InvIT Regulations.


IndiGrid was established to own and operate power transmission and renewable energy assets in India.

India Grid Trust Rights Issue Detail

Issue Open Apr 6, 2021 - Apr 13, 2021
Security Name India Grid Trust
Issue Size (Shares) 11.67 Crores
Issue Size (Amount) ₹1,283.65 Crores
Issue Price ₹110 per share
Face Value
Minimum Lot size
Market Lot 1701 per share
Listing At BSE, NSE
Terms of Payment The full amount of Rs 110 per Unit shall be payable on Application.
Entitlement 1 Lot for every 5 Lots held by the Eligible Unitholders on Record Date. (1 lot=1701 units)

India Grid Trust Rights Issue Issue Timetable

Bid/Offer Opens On Apr 6, 2021
Bid/Offer Closes On Apr 13, 2021
Record Date Mar 30, 2021
Deemed Date of Allotment Apr 20, 2021
Renunciation of Rights Entitlements Apr 8, 2021

Company Financials

Summary of financial Information (Consolidated)
Particulars For the year/period ended (Rs. in Millions)
31-Mar-20 31-Mar-19 31-Mar-18
Total Assets 1,17,920.19 53,462.26 53,786.94
Total Revenue 12,785.94 6,739.05 4,605.00
Profit After Tax 5,057.20 1,539.14 2,103.50

Objects of the Issue:

The Net Proceeds will be utilised for :
(i) Acquisition of 26% of the issued, subscribed and paid-up equity share capital of NER (NER II Transmission Limited), either directly or indirectly from the Sterlite Sponsor;
(ii) Partial repayment of the outstanding external debt of OGPTL (Odisha Generation Phase - II Transmission Limited) and GPTL (Gurgaon Palwal Transmission Limited) and debt proposed to be availed by IndiGrid;
and
(iii) General purposes.

India Grid Trust Rights Issue Documents

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Company Contact Information

India Grid Trust
Unit No. 101, First Floor, Windsor,
Village KoleKalyan, Off CST Road, Vidyanagari Marg
Kalina, Santacruz East, Mumbai 400098

Phone: +91-7208493885
Email: complianceofficer@indigrid.co.in
Website: https://www.indigrid.co.in/

India Grid Trust Rights Issue Registrar

  1. KFintech Private Limited
    Phone: 04067162222, 04079611000
    Email: indigrid.rights@kfintech.com
    Website: https://karisma.kfintech.com/

India Grid Trust Rights Issue Lead Manager(s)

India Grid Trust Rights Issue FAQs

The India Grid Trust Rights Issue opens on Apr 6, 2021, and closes on Apr 13, 2021.

India Grid Trust Rights Issue Schedule

Last Date for credit of Rights EntitlementsApr 5, 2021
Last Date for renunciation of Rights EntitlementsApr 8, 2021
Issue Opening DateApr 6, 2021
Issue Closing DateApr 13, 2021
Date of Allotment (on or about)Apr 20, 2021
Date of Credit (on or about)Apr 22, 2021
Date of Listing (on or about)Apr 23, 2021

India Grid Trust Rights Issue price is set at ₹110 per share per equity share.

The eligible shareholders are being offered 1 Lot for every 5 Lots held by the Eligible Unitholders on Record Date. (1 lot=1701 units) (Mar 30, 2021).

The record date for the India Grid Trust Rights Issue is Mar 30, 2021.

The issue size of India Grid Trust Rights Issue is of 11.67 Crores equity shares at ₹110 per share aggregating upto ₹1,283.65 Crores.

The Letter of Offer for India Grid Trust Rights Issue can be download here.

You can apply for India Grid Trust Rights Issue in two ways:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for India Grid Trust Rights Issue using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the 'IPO & Rights Issue' section.
  3. Check if the India Grid Trust Rights Issue available on the list.
  4. Click the Apply button next to the India Grid Trust Rights Issue.
  5. Fill and check your information.
  6. Submit the application.

Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.

Steps to apply for India Grid Trust Rights Issue using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select India Grid Trust Rights Issue from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

16 Comments

16. PowerUser  Apr 23, 2021 18:41
Got my allotment too, sms from bank.
15. RakeshK  Apr 23, 2021 13:14
Received allotment....bank account debited
14. PowerUser  Apr 23, 2021 01:54
Issue Closing Date April 16, 2021
Finalisation of Basis of Allotment (On or about) April 22, 2021
Date of Allotment (On or about) April 23, 2021
Date of Credit (On or about) April 26, 2021
Date of Listing (On or about) April 27, 2021
13. amukho  Apr 22, 2021 15:56
Any one get got the rights issue allotment? Where to check?
12. Ruchir Goyal  Apr 17, 2021 19:41
Any update on the subscription status of the right issue. Will we get 1 lot of right if we currently hold only 3 lots?
12.1. PowerUser  Apr 19, 2021 09:15
Mostly you will get allocation.
11. PowerUser  Apr 19, 2021 09:14
Subscribed ~65%. You may get allocation even for fractional right issue.
10. PowerUser  Apr 7, 2021 02:30
Same with SBI. Not sure whats going on!
10.1. vkuser  Apr 10, 2021 17:59
Hi, SBI is now allowing the INDIGRID rights.
10.2. PowerUser  Apr 10, 2021 23:42
I am glad now, I thought lost opportunity. Thanks for informing @vkuser.
9. vkuser  Apr 10, 2021 18:02
IndusInd Bank and SBI online banking is allowing the Indigrid rights application now.
8. bunty aggarwal  Apr 8, 2021 08:51
fill the asba form and submit to nearest SCSB branch
7. RAHUL SHYAMSUKHA  Apr 7, 2021 22:38
How to apply? ICICI and IDFC not offering online..pls suggest
6. PowerUser  Apr 7, 2021 12:33
This is frustrating, I sent a mail to registrar too. Lets see.
5. bunty aggarwal  Apr 7, 2021 10:56
I have also complained regarding this to registrar, and sebi.
4. bunty aggarwal  Apr 7, 2021 09:03
Also no R wap facility for this issue
3. bunty aggarwal  Apr 7, 2021 09:02
ICICI also not allowing have another family member a/c with yes bank and it is showing
2. amukho  Apr 6, 2021 14:40
The issue is not showing in the idbi bank where demat ac is maintained. How to apply? Please help
1. PowerUser  Apr 5, 2021 09:03
Issue close date is extended. Please update.