POWERGRID Infrastructure Investment Trust InvIT (powergrid InvIT IPO )

Powergrid IPO
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Powergrid InvIT (Infrastructure Investment Trust) owns, construct, operate, maintain and invest in power transmission assets in India. Powergrid InvIT registered with SEBI as an InvIT on January 7, 2021.

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’s sponsor is Power Grid Corporation of India Limited (PGCIL). PGCIL is the largest power transmission company in India. PGCIL is engaged in project planning, designing, financing, constructing, operating, and maintaining power transmission projects across India.

Powergrid InvIT’s Investment Manager, POWERGRID Unchahar Transmission Limited, a wholly-owned subsidiary of PGCIL. They are responsible for managing the InvIT, the Initial Portfolio Assets as well as undertaking investment decisions relating to its assets.

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.

Powergrid InVit IPO

Powergrid InvIT IPO Details

IPO Opening Date29 April 2021
IPO Closing Date03 May 2021
Issue TypeBook Built Issue IPO
Issue Size7,735 Crore
Face Value₹10 per equity share
IPO Price[99] to [100] Per Equity Share
Market Lot1100 Shares
Min Order Quantity1100 Shares
Listing AtBSE, NSE
Total Share Issue

Powergrid InvIT IPO – Schedule

IPO Open Date29 APR, 2021
IPO Close Date03 MAY, 2021
Finalization of Basis of Allotment09 MAY, 2021
Initiation of Refunds10 MAY, 2021
Credit of Shares to Demat Account10 MAY, 2021
IPO Listing Date11 MAY, 2021

Powergrid InvIT IPO: How To Apply

Promoters play a very important role in raising much-needed business revenue.

Powergrid IPO
How to apply ipo

Apply For Powergrid InvIT IPO Through ASBA

First, you should know what ASBA is. ASBA stands for Restricted Application Support. It is an application by the bank to apply for an IPO.

You apply with ASBA through the bank because initially, the bank covers the cost of purchasing the IPO. This amount is deducted from your account only after receiving IPO share shares in your Demat account.

All the major banks in the country are expanding the ASBA center. There are about 30 banks on the list, some of which are IDBI Bank Limited, Citi Bank, Punjab National Bank, etc.

The center may be expanded once they have been authorized to do so. These banks block the corresponding amount until the IPO allocation process is finalized.

Now, most of you are probably thinking about how to use the Powergrid InvIT IPO with ASBA. The process can be completed online or offline for your convenience.

Apart from this, you can also bid for an Powergrid InvIT IPO through your stockbroker’s online portal (such as Zerodha, Edelweiss, Motilal Oswal, etc.)

Company Contact Information

POWERGRID Infrastructure Investment Trust
Plot No. 2,
Sector 29,
Gurgaon 122 001

Phone: +91 124 282 3177;
Email: investors@pginvit.in

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


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