Powergrid Infrastructure Investment Trust IPO- April 29, 2021

Powergrid Infrastructure Investment Trust IPO- April 29, 2021

The POWERGRID Infrastructure Investment Trust (PGInvIT), sponsored by Power Grid Corporation of India Ltd. (PGCIL), was set up with the objective to own, construct, operate, maintain and invest as an infrastructure investment trust. PGCIL is India’s largest power transmission company and is also the project manager for the trust.  Powergrid InvIT's Trustee, IDBI Trusteeship Services Limited is SEBI registered debenture trustee. They are responsible for ensuring that its business activities and investment policies comply with the provisions of the InvIT Regulations, and monitoring the activities of our Investment Manager and the Project Manager.

The Initial Portfolio Assets (IPA) consist of five projects with a total network of 11 power transmission lines of ~3,698.59 ckm and three substations having 6,630 MVA of aggregate transformation capacity, across five states in India. PGInvIT intends to distribute at least 90% of the net cash available for distribution.

Points to note before investing in Powergrid InvIT IPO
  • Stable cash flow with long term visibility and low counterparty risk
  • Strong financial position; significant room to fund future acquisitions
  • It has a vision of World Class, Integrated, Global Transmission Company With Dominant Leadership in Emerging Power Markets Ensuring Reliability, Safety and Economy
  • Aims to become a Global Transmission Company with Dominant Leadership in Emerging Power Markets with World Class Capabilities
 Powergrid InvIT IPO Details
IPO Opening Date
April 29, 2021
IPO Closing Date
May 3, 2021
Issue Type
Book Built Issue InvIT
Face Value
₹10 per equity share
IPO Price
₹99 to ₹100 per equity share
Market Lot
Min Order Quantity
Listing At

Allotment , Listing and Refunds details

IPO Open Date
April 29, 2021
IPO Close Date
May 3, 2021
Basis of Allotment Date
May 10, 2021
Initiation of Refunds
May 11, 2021
Credit of Shares to Demat Account
May 11, 2021
IPO Listing Date
May 17, 2021
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