CLOSE X
Algo Trading
Home

Blogs

Stock Market Blogs

Powergrid InvIT IPO April 30 2021POWERGRID InvIT IPO April 2021 Date, Price, GMP, D

Visit Count: 912

The subscription for PowerGrid Infrastructure Investment Trust (InvIT)''s public offering (IPO) began on April 29. The subscription will end on May 3rd. This is the country''s first infrastructure investment trust IPO, and it will be the third InvIT to be listed on Indian stock exchanges, following IRB InvIT and India Grid Trust, both of which went public in 2017. The shares are expected to be listed on both the BSE and the NSE.

PowerGrid Infrastructure Investment Trust is owned by India''s PowerGrid Corporation (PowerGrid InvIT). PowerGrid Infrastructure Investment Trust IPO includes a price-band ranging from INR 99-100 per unit. It includes fresh issue of 4,993.48 crores and 2,741.51 crores offer for sale. Total size of the IPO is valued at 7,735 crores. The proceeds from the IPO will be used to provide loans to initial portfolio properties, repay or pre-pay debt, and for other general purposes

Minimum bid (lot size) for the investors is 1,100 units and multiples of it thereafter. 25% of the issue is reserved for allocation to the non-institutional investors. Transfer of shares to demat account is dated on 11th May, 2021. Whereas the listing day for the IPO is on 17th May, 2021.

SBI Mutual Fund, HDFC MF, Tata MF, Tata AIA Life Insurance Company, Tata AIG General Insurance Company, SBI Life Insurance Company, UTI MF, and ICICI Prudential MF were among the anchor investors who contributed 3,480 crores ahead of the IPO.

An infrastructure investment trusts (InvIT) is a form of mutual fund that enables individuals and institutions to invest directly in infrastructure projects and earn a consistent return.

Investors should subscribe to the issue because it has the potential to have lucrative and predictable returns. Investors seeking a 9-12 percent yield from a stable cash flow should consider this issue. The company management also stated that the InvIT is expected to generate Rs 1,150 crore in distributable cash flow over the next three years. This equates to an 11 percent cash flow yield.

Apply for Power Grid InvIT IPO at Indira Securities

COMMENTS
Categories

Prevent Unauthorized Transactions in your demat and trading account --> Update your Mobile Number/Email id with your Depository Participant and Stock Broker. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat/trading account directly from CDSL and Stock Exchanges on the same day.........issued in the interest of investors...

1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020.

2. Update your Mobile Number & Email Id with your Stock Broker/ Depository Participant and receive OTP directly from Depository on your Email Id and/ or Mobile Number to create pledge.

3. Pay 20% upfront margin of the transaction value to trade in cash market segment.

4. Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued by NSE vide. Circular No. NSE/INSP/45191 dated: July 31, 2020 and NSE/INSP/45534 and BSE vide Notice No. 20200731-7, dated: July 31, 2020 and 20200831- 45 dated: August 31, 2020 and dated: August 31, 2020 and other guidelines issued from time to time in this regard.

5. Check your Securities/ MF/ Bonds in the Consolidated Account Statement issued by NSDL/ CDSL every month.

"As per the directives of CDSL and esteemed Exchanges, it has been made mandatory for every client to furnish their latest KYC details viz. Valid Mobile No., Email- Id & Income range on or before 31.05.2021 else your Account will be marked as Non Compliant and will be Freezed till the compliance of such requirement."
REGISTRATION NOS:

INDIRA SECURITIES PVT.LTD. (SEBI REG.NO.):NSE TMID: 12866, BSE TMID: 663, CDSL DPID: 17000 SEBI REG. NO.: INZ000188930, MCX TM ID: 56470, NCDEX TM ID: 01277, CDSL REG. NO.: IN-DP-90-2015

DISCLAIMER:

"INVESTMENT IN SECURITIES MARKET ARE SUBJECT TO MARKET RISKS, READ ALL THE RELATED DOCUMENTS CAREFULLY BEFORE INVESTING."

INVESTORS GRIEVANCE

Jyoti Singh. Email: compliance@indiratrade.com. Call : 0731-4797275