Monday, May 15, 2017

India Grid Trust InvIT IPO Dates, Price Band, Market Lot Details

IndiGrid Trust IPO is coming up at price band of Rs. 98-100. After good subscription shown by IRB InvIT fund this will surely expect a good numbers to come. The sponsor of the company is Sterlite Power Grid Ventures Limited. The trust is registered with Republic of India as an irrevocable trust under the Indian Trusts Act, 1882 and infrastructure investment trust under the InvIT Regulations, 2014, on November 28, 2016 having registration number IN/InvIT/16-17/0005. IndiGrid will aquire two projects Bhopal Dhule Transmission Company Limited ("BDTCL") and Jabalpur Transmission Company Limited ("JTCL").

India Grid Trust InvIT IPO Review:
As per the IRB InvIT Fund this will be another bigger investment for retailers and QIB. The things are very clear that IRB premium shows a way to India Grid Trust InvIT to appear in the primary market. Still a big bet and its risky as the investment is over 10 Lakh rupees for minimum application.

IndiGrid Trust InvIT IPO Rating:
  • CRISIL: AAA/stable
  • ICRA: "IrAAA”/Stable
  • India Ratings: IND"AAA"/Stable

IndiGrid Trust InvIT IPO Dates & Price Band:
  • IPO Open: 17 May 2017
  • IPO Close: 19 May 2017
  • IPO Size: Approx Rs. 2250 Crores
  • Face Value: Rs. 10 Per Equity Share
  • Price Band: Rs. 98 to 100 Per Share
  • Listing on: BSE & NSE
India Grid Trust InvIT IPO Market Lot:
  • Shares: Apply for 10,205 Shares (Minimum Lot Size) (Then 5,103 onwards)
  • Amount: Rs.10,20,500
IndiGrid Trust InvIT IPO Allotment & Listing: (Expected Not Confirmed)
  • Basis of Allotment:
  • Refunds:
  • Credit to demat accounts:
  • Listing:
Company Promoters:
  • Sterlie Group
Quick Links:
DRHP Draft Prospectus

India Grid Trust InvIT Financial:
Consolidated financial performance (in INR crore)

Total revenue69.0356.3473.0
Profit after tax-47.3-78.3-301.1

India Grid Trust InvIT IPO Registrar:
Karvy Computershare Private Limited
Phone: +91 40 6716 2222
Fax: +91 40 2343 1551
India Grid Trust InvIT IPO Lead Managers:
  • Citigroup Global Markets India Private Limited
  • Edelweiss Capital Limited
  • Morgan Stanley India Company Pvt Ltd
Company Address:
India Grid Trust
F-1, The Mira Corporate Suites,
1 & 2, Ishwar Nagar, Mathura Road
New Delhi 110 065
Phone: +91 11 4996 2200
Fax: +91 11 4996 2288

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