POWERGRID Infrastructure Investment Trust InvIT (POWERGRID InvIT IPO April 2021) Detail

POWERGRID Infrastructure Investment Trust InvIT (POWERGRID InvIT IPO April 2021) Detail;

POWERGRID Infrastructure Investment Trust InvIT IPO Details; This company manages, constructs, operates, maintains, and invests in power transmission properties. On January 7, 2021, Powergrid InvIT reported as an InvIT with SEBI. Provisional [ICRA] AAA (Stable), CARE AAA (Is); Stable, and Provisional CCR AAA/Stable have assigned to Powergrid InvIT by ICRA Limited, CARE Ratings Limited, and CRISIL Ratings Limited, respectively. Power Grid Corporation of India Limited is the sponsor of Powergrid InvIT. PGCIL is India’s largest power transmission corporation. PGCIL is involved in the planning, architecture, funding, construction, operation, and maintenance of power transmission projects in India.

POWERGRID Unchahar Transmission Limited, a wholly-owned company of PGCIL, is the Investment Manager for Powergrid InvIT. They are in charge of handling the InvIT, the Initial Portfolio Funds, and making investment decisions for its assets. IDBI Trusteeship Services Limited, Powergrid InvIT’s Trustee, is a SEBI registered debenture trustee. They are in charge of ensuring that the company’s financial practices and expenditure plans are in accordance with the rules of the InvIT Regulations, as well as overseeing the activities of our Investment Manager and Project Manager.

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)

POWERGRID Infrastructure Investment Trust InvIT IPO Details;

This company is the sponsor of Powergrid InvIT. PGCIL is India’s largest power transmission corporation. PGCIL is involved in the planning, architecture, funding, construction, operation, and maintenance of power transmission projects in India. However, the issue is going to be opened on Apr 29, 2021, and it will be closed on May 3, 2021. Hence, the face value is ₹ per equity share. But, the IPO price is Rs. 99/- to 100/- per share. However, the minimum market lot is set at 1100 shares per lot. Moreover, the minimum order quantity for buying is 1100 shares. Further, the stock listing at BSE, NSE. Similarly, the issue of Equity shares is ₹ aggregating up to Rs. ₹7,734.99 Crores.

Prospectus Documents:

POWERGRID InvIT IPO April 2021 RHP

Company Contact Information:

POWERGRID Infrastructure Investment Trust
Plot No. 2,
Sector 29,
Gurgaon 122 001
Phone: +91 124 282 3177;
Email: investors@pginvit.in
Website: http://www.pginvit.in/

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