Powergrid Infrastructure Investment Trust IPO

IPO Status: Closed [29th Apr 2021 to 3rd May 2021]

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About Powergrid Infrastructure Investment Trust IPO

Powergrid Infrastructure Investment Trust IPO is a Mainline IPO of Rs 7,735 cr to be listed on the NSE and BSE exchanges. It is a Book built IPO and opens on 29 April and closes for subscription on 3 May 2021. The IPO lot size (minimum order quantity) is 1100 shares and price band are fixed at Rs. 99-100. The face value per share, floor price, and cap price not decided yet. Stay updated here to know more about Powergrid Infrastructure Investment Trust IPO including business overview, financials, strengths, weaknesses, important dates, GMP, live subscription, allotment, and recommendations.

About the Company - Powergrid Infrastructure Investment Trust

Powergrid Infrastructure Investment Trust is an investment trust which is set-up to own, construct, operate, maintain and invest as an infrastructure investment trust under the conditions of the InvIT Regulations, including in power transmission assets in India. Its sponsor, Power Grid Corporation of India Ltd, also acts as its Project Manager and is listed on BSE and NSE. PGCIL was conferred with Maharatna status on October 23, 2019 by the GoI. As of November 1, 2020, PGCIL was the largest power transmission company in India in terms of length of transmission lines measured in circuit kilometres.

Powergrid InvIT IPO Objective

Powergrid Infrastructure Invt will utilize the net proceeds from the IPO towards the following purposes:

  1. To provide loans to the Initial Portfolio Assets for repayment or pre-payment of debt.
  2. To meet general corporate purposes.

Powergrid InvIT IPO Details

Powergrid InvIT IPO details includes issue size, issue price, discount information, minimum and maximum order quantity, promoters holding details, NSE and BSE code.

Powergrid InvIT IPO Details
Powergrid InvIT Issue Details Values
IPO Category: Mainline
IPO Issue Type: Book Built Issue
IPO Issue Size: Rs 7,735 cr
Offer for Sale: Rs 2,741.5 Cr
Fresh Issue: Rs 4,993.5 Cr
Face Value: ₹TBD Per Equity Share
IPO Issue Price: ₹99-100
Market Lot: 1100 Shares
Min Retail Qty: 1100 shares (1 lot)
Max Retail Qty: 1100 shares (1 lot)
Promoter Holding Pre IPO: TBD
Promoter Holding Post IPO: TBD
IPO Listing At: BSE, NSE
BSE Code: 543290
NSE Code: PGINVIT

Powergrid InvIT IPO Live Subscription (NSE + BSE)

The table below is live update of IPO bidding details from NSE and BSE.

  • Qualified Institutional Buyers: 232,049,400 Shares
  • Non-Institutional Investors: 193,375,600 Shares
IPO Bidding Live Updates from BSE + NSE
Day QIBNIITotal
 # of Shares Offered232,049,400193,375,600425,425,000
129th Apr 2021 17:020.03x0.17x0.10x
230th Apr 2021 17:020.38x0.83x0.61x
33rd May 2021 17:024.63x4.92x4.83x

Powergrid InvIT Financials for past 3 Years

Past performance and financial results of Powergrid InvIT.

Powergrid InvIT financial
Powergrid Infrastructure Investment Trust Financials 30-Sep-2020 31-Mar-2020 31-Mar-2019 31-Mar-2018
Total Assets ₹6872.72 cr ₹ 6821.21 cr ₹7000.26 cr ₹6504.88 cr
Total Income ₹674.572 cr ₹1334.094 cr ₹984.12 cr ₹345.50 cr
Net Profit/Loss ₹208.90 cr ₹378.825 cr ₹248.063 cr ₹114.134 cr

Powergrid InvIT IPO Strengths

  • Powergrid Infrastructure Invit has strong lineage and support from their sponsor and Project Manager.
  • The company has consistent and stable cash flows from assets with long term visibility and low counter party risks.
  • PGINVIT has robust financial position in its financial records.
  • Powergrid is a government supported company, hence it has an established regulatory framework.
  • The management team consists of skilled and experienced Investment Manager having strong corporate governance philosophy.

Powergrid InvIT IPO Threats/Weaknesses

  • Powergrid receives payments from DIC for its operations; any delay in it can cause negative impact on the business.
  • Unable to operate and maintain their power transmission projects to achieve the prescribed availability.
  • The company has to bear high transmission charges including operation and maintenance costs for some projects.

Powergrid InvIT IPO Important Dates

In this section we have covered all important dates related to Powergrid InvIT IPO. Dates are updated as they are announced. The most noted dates are IPO start date and IPO end date, which one should use to participate in IPO.

Powergrid InvIT IPO important dates
IPO Activity Date
IPO Issue Open Date 29th Apr 2021
IPO Issue Close Date 3rd May 2021
Basis of Allotment Finalisation Date* 10th May 2021
Refunds Initiation* 11th May 2021
Credit of Shares to Demat Account* 11th May 2021
IPO Listing Date* 14th May 2021

* - Tentative Dates

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Powergrid InvIT IPO DRHP >>Document

Powergrid InvIT IPO RHP >>Document

Powergrid InvIT IPO Allotment Status >>Link

Company Address

Powergrid Infrastructure Investment Trust
Plot No. 2, Sector 29, Gurgaon,
Haryana - 122 001, India
Website: www.pginvit.in
Email: [email protected]
Phone: +91-1242823177

Registrar

Kfin Technologies Private Limited
Selenium Tower B, Plot No. 31 & 32, Financial District,
Nanakramguda, Serilingampally,
Hyderabad - 500 032
Tel: +91-40-6716-2222
E-mail:: [email protected]
Website: https://www.kfintech.com/

Lead Manager

  1. ICICI Securities Limited
  2. Axis Capital Limited
  3. Edelweiss Financial Services Limited
  4. HSBC Securities and Capital Markets (India) Private Limited
Powergrid InvIT IPO Important dates - Issue Open Date, close Date, IPO Listing Date. IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, IPO Listing date. What is the issue open date and close date for Powergrid InvIT? Should I apply in Powergrid InvIT IPO?

Last Updated on 2021-06-14T16:49:31+00:00

Powergrid InvIT IPO FAQs

  1. 1. How to subscribe Powergrid InvIT IPO with Zerodha?

    Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Powergrid InvIT IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Powergrid InvIT IPO with Zerodha.

    Alternate approch to apply in Powergrid InvIT IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.

    Powergrid InvIT IPO Review and Important Updates

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  2. 2. How to apply in Powergrid InvIT IPO online?

    Apply in Powergrid InvIT IPO online

    To subscribe or apply in Powergrid InvIT IPO, you can use the following methods:

    Powergrid InvIT IPO Applying ModeMethodDetails
    Online Application3-in-1 Trading Account

    If your broker is 3-in-1 service provider, you can apply in Powergrid InvIT IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.

    Online Application2-in-1 Trading Account

    Brokers like Zerodha, TradeSmart Online provides access to applying in Powergrid InvIT IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.

    Online ApplicationASBA

    This is one of the most popular mode of applying in Powergrid InvIT IPO. Most of the Syndicate Banks provide access to apply in Powergrid InvIT IPO via ASBA process. You must have your net banking access, DP ID information to apply in Powergrid InvIT IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account.

    Offline ApplicationPhysical Form

    You can apply in Powergrid InvIT IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.

    Powergrid InvIT IPO Review and Important Updates

    Other relevant question on same topics are:

    Where to subscribe Powergrid InvIT IPO? Where to apply for Powergrid InvIT IPO? How to subscribe Powergrid InvIT IPO online? Powergrid InvIT IPO where to apply? Where to buy Powergrid InvIT IPO online? How to buy Powergrid InvIT IPO online? How to purchase Powergrid InvIT IPO? How to get Powergrid InvIT IPO? How to book Powergrid InvIT IPO? How to invest Powergrid InvIT IPO? Powergrid InvIT IPO kaise buy kare?

     

  3. 3. How to download online application form for Powergrid InvIT IPO?

    Applying in Powergrid InvIT IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Powergrid InvIT IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.

    For more details on how to use UPI payment method to apply Powergrid InvIT IPO, please refer article >> Link

    Powergrid InvIT IPO Review and Important Updates

    Steps to download the online application form for Powergrid InvIT IPO

    • Step1:Click here.
    • Step2: Click on “Bid-cum Application Form Download
    • Step3: Above Step will open an online form.
    • Step4: Enter your Name, PAN, DP Type, DP Information, UPI No, Bank information (Do not enter), Address, email, phone, Transaction Type - "ASBA".
    • Step5: Fill bid details - min 1100 and max 1100 shares (1 lot).
    • Step6: Now fill the character given in Box, read and agree on terms and conditions and click on the download button.
    • Step7: This will fill your application online and give you a pdf file.
    • Step8: Take a print of this document and go to your bank for UPI transactions.
    • Or

    • You can download “Blank Application Form Download” and fill all the required filed and submit to the nearest bank for UPI transaction.

    Other relevant questions:

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  4. 4. What is the listing date of Powergrid InvIT IPO?

    Powergrid InvIT IPO is going to be list on 14-05-2021. NSE Code for Powergrid InvIT is PGINVIT. BSE Code for Powergrid InvIT is 543290.

    Other relevant questions:

    When Powergrid InvIT IPO will be listing? Powergrid InvIT IPO NSE listing date?Powergrid InvIT IPO date of listing.Powergrid InvIT IPO BSE listing date?

     

  5. 5. When Powergrid InvIT IPO will be allocated?

    Powergrid InvIT IPO Allotment Date is 10-05-2021.

    Other relevant questions:

    Powergrid InvIT IPO share allotment date?Powergrid InvIT IPO allotment date?

     

  6. 6. Why to invest in Powergrid Invit IPO?

    Powergrid InVIT IPO is a first-ever InvIT (Infrastructure Investment Trust) IPO by a state-owned company to be list on the bourses after IRB InvIT and India Grid Trust. Prior to subscribing to Power Grid InvIT, one must know that Infrastructure Investment Trust (InvIT) collects money from investors and invests it in infrastructure projects i.e. bridge, highway, road construction, etc. Technically speaking, it is a quasi-debt instrument that aims to generate regular income from the asset of Power Grid Corporation of India. Thus, risk and returns are shared equally between investor and investee.

    Under Quasi Debt Instrument, companies have to distribute 90% of their income as a dividend subject to TDS deduction. Thus, returns are more or less guaranteed, henceforth, InvIT IPO is not for listing gain, they are apparently to generate regular long-term income or regular cash flow in terms of dividend. For instance, in the case of India Grid Trust InvIT IPO, investors are getting 10%+ Annual returns as dividends. Thus, investors who are seeking to generate regular dividend income can subscribe to the PowerGrid InvIT IPO.

     

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