POWERGRID InvIT IPO will open for subscription on 29 April 2021. the company aims for an issue size of ₹7,734.99 Crore through this IPO.
Also read: IPO List 2021: a complete list of IPOs in 2021
POWERGRID Infrastructure Investment Trust
PG 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.
IPO Time table
| IPO Open Date | 29 April 2021 |
| IPO Close Date | 03 May 2021 |
| Basis of Allotment Date | 10 May 2021 |
| Initiation of Refunds | 11 May 2021 |
| Credit of Shares to Demat Account | 11 May 2021 |
| IPO Listing Date | 17 May 2021 |
IPO 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) |
Financial summary
FY2018 | FY2019 | FY2020 | 9M FY2021 | |
| Revenue | 345.6 | 984.1 | 1,334.1 | 1,009.1 |
| Expenses | 217.1 | 636.1 | 846.7 | 461.4 |
| Comprehensive income | 114.1 | 248.1 | 378.8 | 337.1 |
| Margin (%) | 33.0 | 25.2 | 28.4 | 33.4 |
Lead Managers
- Axis Capital Limited
- Edelweiss Financial Services Ltd
- HSBC Securities & Capital Markets Pvt Ltd
- ICICI Securities Limited
Registrar of Powergrid InvIT IPO
KFin Technologies Private Limited
Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222
Fax: +91 40 2343 1551
Email: einward.ris@kfintech.com
Website: www.kfintech.com
Powergrid InvIT Contact Details
Powergrid Infrastructure Investment Trust
Plot No. 2,
Sector 29,
Gurgaon 122 001
Phone: +91 124 282 3177
Email: investors@pginvit.in
Website: www.pginvit.in
Final thoughts
POWERGRID InvIT IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make a wise decision.
Happy Investing
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