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.
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
(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.
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.
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.
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