Details you shouldn't miss about Powergrid InvIT IPO 2021. Date| GMP |Review

IPO News 15 May 2021 1:40:PM

powergrid-IPO-2021 powergrid-IPO-2021

One more IPO is added in the line and racing towards becoming the best IPO in 2021. This is the first attempt by a state-owned company at an initial public offering of an InvIT. The opening date of powergrid IPO is April 29th  and this issue will continue till 3rd May 2021. The issue type of this IPO is Book built. And the price of a powergrid IPO will be Rs.99 to Rs.100 per Equity share. You can place a minimum order of 1100 shares. and market lot of this IPO will be 1100 shares. The IPO of powergrid InvIT will be listed at BSE/NSE.


Power Grid Company Profile –


Powergrid InvIT (Infrastructure Investment Trust) is an Indian company that owns, constructs, operates, maintains, and invests in power transmission properties. On January 7, 2021, Powergrid InvIT registered as an invIT with SEBI. ICRA Limited, CARE Ratings Limited, and CRISIL Ratings Limited have issued Powergrid InvIT credit ratings of Provisional [ICRA] AAA (Stable), CARE AAA (Is); Stable, and Provisional CCR AAA/Stable, respectively. Power Grid Corporation of India Limited is the sponsor of Powergrid InvIT (PGCIL). PGCIL is the country's largest power transmission company. PGCIL works on power transmission projects all over India, planning, developing, funding, building, running, and sustaining them. 


POWERGRID Unchahar Transmission Limited, a wholly-owned subsidiary of PGCIL, is the Investment Manager for Powergrid InvIT. They are in charge of handling the InvIT, as well as the Initial Portfolio Assets, 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 business practices and investment plans are compliant with the InvIT Regulations, as well as overseeing the activities of our Investment Manager and Project Manager.

How and Where to apply for Powergrid InvIT IPO 2021?


We value your time that's why just click here and you'll be redirected to our IPO Investment Portal and with a few clicks, you'll be able to subscribe for the IPO of Powergrid. 


What to expect from the InvIT?


  • Monetizing five such tariff-based competitive biddings (TBCB) assets valued at around Rs. 7,164 crores, held in existing special purpose vehicle (SPVs) 
  • The InvIT was proposed by the government as an alternative fundraising route for state-owned companies to manage their funding requirements without having to depend on government support.
  • The proceeds for the sale will go towards PowerGrid which will be able to use the money for dividends or CAPEX on more transmission lines.

Details you shouldn't miss about powergrid InvIT IPO 2021:- 


IPO Opening Date

Apr 29, 2021

IPO Closing Date

May 3, 2021

Issue Type

?99 to ?100 per equity share

Market Lot

1100 Shares

Min Order Quantity

1100 Shares

Listing At

BSE, NSE

Issue Size

-

What is our view?


Power Grid has a monopoly status in power transmission. With the government's focus on renewable energy generation, we expect the transmission volumes to pick up and grow at a 9-10% CAGR over the next 5 years.


To apply for this IPO visit here and easily apply with UPI. Be the client of one of the most trusted stock-broker in Mumbai with a very few steps Click Here

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