India Grid Trust NCD April 2021 will open for subscription from 28 April 2021. the company aims for an issue size of ₹ 900 Crores Through this NCD Issue.
India Grid Trust
Established in 2016, India Grid Trust is a power sector infrastructure investment trust. IndiGrid is registered as an InvIT (Infrastructure Investment Trusts) with SEBI. IndiGrid has assets under management worth approximately Rs 142,000 million as of December 31, 2020. It owns thirteen operating projects, consisting of 38 EHV overhead power transmission lines. The company is been given a corporate credit rating of ‘CCA AAA/Stable by CRISIL, ‘IND AAA’/Stable by India Ratings, and ‘ICRA AAA (Stable)’ by ICRA.
Objects of the Issue
- For the purpose of onward lending to the Portfolio Assets, financing, and for repayment/prepayment of interest and principal of existing borrowings of the Trust (At least 75%).
- General Corporate Purposes (Maximum of up to 25%).
India Grid Trust NCD Details
| Issue Open | 28 April 2021 – 30 April 2021 |
| Security Name | India Grid Trust |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 100.00 Crores |
| Issue Size (Shelf) | Rs 900.00 Crores |
| Issue Price | Rs 1000 per NCD |
| Face Value | Rs 1000 each NCD |
| Minimum Lot size | 1 NCD |
| Market Lot | 1 NCD |
| Listing At | BSE, NSE |
| Credit Rating | This Issue have been rated ‘CRISIL AAA/Stable’ by CRISIL Ratings Limited and ‘IND AAA/Stable’ by India Ratings and Research Private Limited. |
| Tenor | 3, 5, 7 & 10 year |
| Basis of Allotment | First Come First Serve Basis |
NCD Allocation Ratio
| Category | NCD’s Allocated |
|---|---|
| Category 1 (QIB) | 10% |
| Category 2 (NII) | 10% |
| Category 3 (HNI) | 40% |
| Category 4 (RII) | 40% |
NCD’s Offered
| Category | NCD’s Reserved |
|---|---|
| Category 1 (QIB) | 100,000 |
| Category 2 (NII) | 100,000 |
| Category 3 (HNI) | 400,000 |
| Category 4 (RII) | 400,000 |
| Total NCD’s | 1,000,000 |
Coupon Rates
Coupon Rates (for Retail & HNI)
| Series | Frequency | Tenure | Coupon Rate | Effective Yield |
|---|---|---|---|---|
| I | Annual | 3 Years | 6.75% | 6.74% |
| II | Annual | 5 Years | 7.60% | 7.60% |
| III | Annual | 7 Years | 7.90% | 7.89% |
| IV | Quarterly | 7 Years | 7.69% | 7.91% |
| V | Annual | 10 Years | 8.20% | 8.20% |
| VI | Quarterly | 10 Years | 7.97% | 8.21% |
India Grid Trust NCD Registrar
KFintech Private Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India – 500 032.
Phone: 04067162222, 04079611000
Email: indigrid.ncdipo@kfintech.com
Website: https://karisma.kfintech.com/
Company Contact Information
India Grid Trust
Unit No. 101, First Floor, Windsor,
Village KoleKalyan, Off CST Road, Vidyanagari Marg
Kalina, Santacruz East, Mumbai 400 098
Phone: +91 72084 93885
Email: complianceofficer@indigrid.co.in
Website: https://www.indigrid.co.in/
Final Thoughts
Non Convertible Debentures (NCD) is a better investment option for those who are looking for a diversified portfolio. investing in India Grid Trust NCD April 2021 is purely your personal choice. make a good study and analysis before you make the investment.
Happy Investing