Friday, April 30, 2021

PowerGrid InvIT IPO Date, Review, Price, Form & Market Lot Details

PowerGrid InvIT IPO date announced, to open on 29 April and closes on 3 May 2021. The PowerGrid InvIT IPO to raise ₹7735 crores via IPO.
 
POWERGRID Infrastructure Investment Trust InvIT aka PowerGrid InvIT owns, construct, operate, maintain and invest in power transmission assets in India. They are registered as InvIT with SEBI on 7th January 2021. The company is sponsored by Power Grid Corporation of India Limited (PGCIL). Powergrid is the largest power transmission company in India. They are engaged in project planning, designing, financing, constructing, operating, and maintaining power transmission projects across India. PowerGrid InvIT IPO to list on NSE and BSE both the indices. Check out for PowerGrid InvIT IPO
details.

Credit Rating:
Powergrid InvIT has been given a credit rating of Provisional [ICRA] AAA (Stable), CARE AAA (Is); Stable and Provisional CCR AAA/Stable by ICRA Limited, CARE Ratings Limited, and CRISIL Ratings Limited, respectively.
PowerGrid InvIT



    PowerGrid InvIT IPO Review

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    PowerGrid InvIT IPO Date & Price Band

     IPO Open:  29 April 2021
     IPO Close:  03 May 2021
     IPO Size:  Approx ₹7735 Crores
     Face Value:  ₹- Per Equity Share
     Price Band:  ₹99 to ₹100 Per Share
     Listing on:  BSE & NSE
     NII Portion:  25%
     Equity:  - Shares

    PowerGrid InvIT IPO Market Lot

    The PowerGrid InvIT IPO minimum market lot is 1100 shares with ₹110000 application amount. The retail investors can apply up-to 1 lots with 1100 shares or ₹110000 amount.
     
     Minimum Lot Size:  Minimum 1100 Shares
     Minimum Amount:  ₹110000
     Maximum Lot Size:  Maximum 1100 Shares
     Maximum Amount:  ₹110000

    PowerGrid InvIT IPO Allotment & Listing

    The PowerGrid InvIT IPO date is 29 April 2021 and the close date is 03 May 2021. The allotment will be finalized on 10 May 2021 and the IPO may list on 17 May 2021.
     
     Basis of Allotment:  10 May 2021
     Refunds:  11 May 2021
     Credit to Demat Account:  11 May 2021
     Listing Date:  17 May 2021

    PowerGrid InvIT IPO Form

    How to apply the PowerGrid InvIT IPO? You can apply PowerGrid InvIT IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the PowerGrid InvIT IPO in the Invest section. The other option you can apply PowerGrid InvIT IPO via IPO forms download via NSE and BSE. Check out the PowerGrid InvIT forms - click NSE Forms & BSE Forms blank IPO forms download, fill and submit in your bank or with your broker.


    PowerGrid InvIT Company Financial Report

    The financial results for the last 4 years are looking very very strong. As a power company we can assume that the coming year will be a strong for them and we already witnessed the same in PowerGrid stock as well. The PAT increased YOY from 2018 to 2020 and the revenues also jumped significantly. So there is nothing to loose in this we can wait for long term to get a good returns in this IPO.

      ₹ in Crores

    Revenue Expense PAT
    2018 ₹346 ₹217 ₹114.1
    2019 ₹984 ₹636 ₹248.1
    2020 ₹1134 ₹847 ₹378.8
    2021 - 9M
    ₹1009 ₹461 ₹337.1

    Company Promoters

    • Power Grid Corporation of India Limited Investment Manager of Powergrid InvIT – Powergrid Unchahar Transmission Limited 

    Quick Links

    DRHP Draft Prospectus
    RHP Draft Prospectus

    PowerGrid InvIT IPO Registrar

    KFintech Private Limited
    KFintech, Tower-B, Plot No 31 & 32,
    Financial District, Nanakramguda, Gachibowli,
    Hyderabad, Telangana India - 500 032.
    Phone: 04067162222, 04079611000
    Email: powergrid.invit@kfintech.com
    Website: https://karisma.kfintech.com/
    Note: Check PowerGrid InvIT IPO allotment status on Kfintech / Karvy website allotment URL. Click Here

    PowerGrid InvIT IPO Lead Managers

    • Axis Capital Limited
    • Edelweiss Financial Services Ltd
    • HSBC Securities & Capital Markets Pvt Ltd
    • ICICI Securities Limited

    Company Address

    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/

    PowerGrid InvIT IPO FAQs


    What is PowerGrid InvIT IPO?

    PowerGrid InvIT IPO is a main-board IPO. They are going to raise ₹7735 Crores via IPO. The issue is priced at 99 to 100 per equity share. The IPO to be listed on BSE & NSE.

    When PowerGrid InvIT IPO will open?

    The IPO is to open on 29 April 2021 for QIB, NII, and Retail Investors.

    What is PowerGrid InvIT IPO Investors Portion?

    The investors' portion for QIB-75%, NII-25%.

    How to Apply the PowerGrid InvIT IPO?

    You can apply PowerGrid InvIT IPO via ASBA online via your bank account. You can also apply ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

    How to Apply the PowerGrid InvIT IPO through Zerodha?

    Log in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name "PowerGrid InvIT". Click on Bid Button. Enter your UPI ID, Quantity and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.

    What is PowerGrid InvIT IPO Size?

    PowerGrid InvIT IPO size is ₹7735 crores.

    What is PowerGrid InvIT IPO Price Band?

    PowerGrid InvIT IPO Price Band is ₹99 to ₹100.

    What is PowerGrid InvIT IPO Minimum and Maximum Lot Size?

    The minimum bid is 1100 Shares with ₹110000 amount while maximum bid is 1100 shares with ₹110000.

    What is PowerGrid InvIT IPO Allotment Date?

    PowerGrid InvIT IPO allotment date is 11 May 2021.

    What is PowerGrid InvIT IPO Listing Date?

    PowerGrid InvIT IPO listing date is 17 May 2021. The IPO to list on BSE and NSE.

    Note: The PowerGrid InvIT IPO price band and date will be added as it will be officially announced. The IPO grey market premium (PowerGrid InvIT IPO GMP) will be added on the IPO grey market page as it will start)

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