Profit Sheets

POWERGRID Infra Investment Trust InvIT IPO

April 29, 2021 09:11 PM

Powergrid InvIT (Infrastructure Investment Trust) owns, construct, operate, maintain and invest in power transmission assets in India. Powergrid InvIT registered with SEBI as an InvIT on January 7, 2021.

Powergrid InvIT has been given a credit rating of Provisional [ICRA] AAA (Stable), CARE AAA (Is); Stable and Provisional CCR AAA/Stable by ICRA Limited, CARE Ratings Limited, and CRISIL Ratings Limited, respectively.

Powergrid InvIT’s sponsor is Power Grid Corporation of India Limited (PGCIL). PGCIL is the largest power transmission company in India. PGCIL is engaged in project planning, designing, financing, constructing, operating, and maintaining power transmission projects across India.

Powergrid InvIT’s Investment Manager, POWERGRID Unchahar Transmission Limited, a wholly-owned subsidiary of PGCIL. They are responsible for managing the InvIT, the Initial Portfolio Assets as well as undertaking investment decisions relating to its assets.

Powergrid InvIT’s Trustee, IDBI Trusteeship Services Limited is SEBI registered debenture trustee. They are responsible for ensuring that its business activities and investment policies comply with the provisions of the InvIT Regulations, and monitoring the activities of our Investment Manager and the Project Manager.

POWERGRID InvIT IPO April 2021 Details

IPO Opening Date Apr 29, 2021
IPO Closing Date May 3, 2021
Issue Type Book Built Issue InvIT
Face Value ₹ per equity share
IPO Price ₹99 to ₹100 per equity share
Market Lot 1100 Shares
Min Order Quantity 1100 Shares
Listing At BSE, NSE
Issue Size [.] Eq Shares of ₹
(aggregating up to ₹7,734.99 Cr)
Fresh Issue [.] Eq Shares of ₹
(aggregating up to ₹4,993.48 Cr)
Offer for Sale [.] Eq Shares of ₹
(aggregating up to ₹2,741.51 Cr)

POWERGRID InvIT IPO April 2021 Tentative Timetable

The POWERGRID InvIT IPO April 2021 open date is Apr 29, 2021, and the close date is May 3, 2021. The issue may list on May 17, 2021.

IPO Open Date Apr 29, 2021
IPO Close Date May 3, 2021
Basis of Allotment Date May 10, 2021
Initiation of Refunds May 11, 2021
Credit of Shares to Demat Account May 11, 2021
IPO Listing Date May 17, 2021

POWERGRID InvIT IPO April 2021 Lot Size

The POWERGRID InvIT IPO April 2021 market lot size is 1100 shares. A retail-individual investor can apply for up to 1 lots (1100 shares or ₹110,000).

Application Lots Shares Amount (Cut-off)
Minimum 1 1100 ₹110,000
Maximum 1 1100 ₹110,000


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