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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. KFin Technologies Limited
    Phone: 04067162222, 04079611000
    Email: indigrid.rights@kfintech.com
    Website: https://karisma.kfintech.com/

India Grid Trust Rights Issue Lead Manager(s)


16 Comments

16. PowerUser  
Got my allotment too, sms from bank.
15. RakeshK  
Received allotment....bank account debited
14. PowerUser  
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  
Any one get got the rights issue allotment? Where to check?
12. Ruchir Goyal  
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  
Mostly you will get allocation.
11. PowerUser  
Subscribed ~65%. You may get allocation even for fractional right issue.
10. PowerUser  
Same with SBI. Not sure whats going on!
10.1. vkuser  
Hi, SBI is now allowing the INDIGRID rights.
10.2. PowerUser  
I am glad now, I thought lost opportunity. Thanks for informing @vkuser.
9. vkuser  
IndusInd Bank and SBI online banking is allowing the Indigrid rights application now.
8. bunty aggarwal  
fill the asba form and submit to nearest SCSB branch
How to apply? ICICI and IDFC not offering online..pls suggest
6. PowerUser  
This is frustrating, I sent a mail to registrar too. Lets see.
5. bunty aggarwal  
I have also complained regarding this to registrar, and sebi.
4. bunty aggarwal  
Also no R wap facility for this issue
3. bunty aggarwal  
ICICI also not allowing have another family member a/c with yes bank and it is showing
2. amukho  
The issue is not showing in the idbi bank where demat ac is maintained. How to apply? Please help
1. PowerUser  
Issue close date is extended. Please update.