India Grid Trust NCD April 2021

India Grid Trust NCD April 2021 Details

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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 Open28 April 2021 – 30 April 2021
Security NameIndia Grid Trust
Security TypeSecured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base)Rs 100.00 Crores
Issue Size (Shelf)Rs 900.00 Crores
Issue PriceRs 1000 per NCD
Face ValueRs 1000 each NCD
Minimum Lot size1 NCD
Market Lot1 NCD
Listing AtBSE, NSE
Credit RatingThis Issue have been rated ‘CRISIL AAA/Stable’ by CRISIL Ratings Limited and ‘IND AAA/Stable’ by India Ratings and Research Private Limited.
Tenor3, 5, 7 & 10 year
Basis of AllotmentFirst 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’s1,000,000

Coupon Rates

Coupon Rates (for Retail & HNI)

SeriesFrequencyTenureCoupon RateEffective Yield
IAnnual3 Years6.75%6.74%
IIAnnual5 Years7.60%7.60%
IIIAnnual7 Years7.90%7.89%
IVQuarterly7 Years7.69%7.91%
VAnnual10 Years8.20%8.20%
VIQuarterly10 Years7.97%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

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

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

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