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Powergrid Infrastructure Investment Trust IPO

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

Rated 3/5 by Team InvestorGain
Powergrid InvIT IPO Detail

Powergrid InvIT IPO Details

IPO Issue Opening Date: 29th Apr 2021
IPO Issue Closing Date: 3rd May 2021
IPO Issue Price: ₹99-100 Per Share
DRHP: Download DRHP
RHP: Download RHP
Anchor List: Download Anchor List
IPO Listing At: BSE, NSE
Retail Quota: TBD
IPO Issue Type: Book Build 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
Promoter Holding Pre IPO: TBD
Promoter Holding Post IPO: TBD
Allotment Status: Allotment Status
BSE Code: 543290
NSE Code: PGINVIT

Powergrid InvIT IPO Important Dates

Get important updates regarding Powergrid InvIT IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.

Powergrid InvIT IPO dates
IPO Activity Date
Basis of Allotment Date* 10th May 2021
Refunds Initiation* 11th May 2021
Credit of Shares to Demat* 11th May 2021
IPO Listing Date* 14th May 2021

* - Tentative Dates

Powergrid InvIT IPO Lots

IPO Activity Date
Issue Price ₹99-100
Market Lot: 1100 Shares
1 Lot Amount: ₹110000
Min Small HNI Lots(2-10 Lakh): 2200 shares(2 lots)
Min Big HNI Lots(10+ Lakh):
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About Company - Powergrid InvIT

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 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.
Incorporation Sector IPO Issue Size Website
NULL NULL Rs 7,735 cr www.pginvit.in

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.
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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 Offered232,049,400 (54.55%)193,375,600 (45.45%)425,425,000
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 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

Company Address

Powergrid Infrastructure Investment Trust
Plot No. 2
Sector 29, Gurgaon,Haryana-122001
India
Website: www.pginvit.in
Phone: +91-1242823177
Email: [email protected]

Powergrid InvIT IPO Registrar

Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India - 500 032.
Website: https://kosmic.kfintech.com/ipostatus/
Phone: 04067162222, 04079611000
Email: [email protected]
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 14-Jun-2021 16:49:31


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