The IndiGrid InvIT Fund IPO date has been confirmed from May 17, 2017 and ended on May 19, 2017. Read the post to learn about IndiGrid InvIT Fund IPO GMP.
Using an IPO, IndiGrid InvIT Fund is an IPO seeking to raise Rs 2,250.00 crores. price band is set at ₹98 to ₹100 per share. The minimum lot size for an application is 10205 shares. The minimum amount of investment required by retail investors is ₹1,020,500.
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Key Details Of IndiGrid InvIT Fund IPO
Bidding Dates
May 17-19
Price Range
₹98 to ₹100 per share
Face Value
₹100 per share
GMP
₹999.05
IndiGrid InvIT Fund IPO GMP
The IndiGrid InvIT Fund Limited IPO GMP is ₹999.05 .
IndiGrid InvIT Fund IPO Overview
IndiGrid InvIT Fund is a Rs 2,250.00 crore book-built issuance. Bidding for the IndiGrid InvIT Fund began on May 17, 2017 and finished on May 19, 2017. On June 6, 2017, the shares were listed on the BSE and NSE. IndiGrid InvIT Fund’s pricing range is 98 to 100 per share. An application requires a minimum lot size of 10205 shares. Retail investors must make a minimum investment of $1,020,500.
The company’s sponsor owns 11 inter-state power transmission projects totaling 30 power transmission lines totaling roughly 7,733 ckms and nine substations totaling 13,890 MVA of transformation capacity. Some of these projects have been fully commissioned, while others are still in the planning stages. They recently won bids for two Brazilian gearbox projects. The Sponsor will initially buy two projects with a total network of eight power transmission lines of 1,936 ckms and two substations with a total transformation capacity of 6,000 MVA spanning four states (the “Initial Portfolio Assets“).
IndiGrid InvIT Fund Details
| IPO Date | May 17, 2017 to May 19, 2017 |
| Listing Date | June 6, 2017 |
| Face Value | ₹100 per share |
| Price Band | ₹98 to ₹100 per share |
| Lot Size | 10205 Shares |
| Total Issue Size | 225,000,000 shares (aggregating up to ₹2,250.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Listing Day Trading Information
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹100.00 | ₹100.00 |
| Open | ₹100.00 | ₹99.70 |
| Low | ₹94.00 | ₹93.70 |
| High | ₹100.00 | ₹99.70 |
| Last Trade | ₹98.45 | ₹98.64 |
IndiGrid InvIT Fund Listing Details
| Listing Date | June 6, 2017 |
| BSE Script Code | 540565 |
| NSE Symbol | INDIGRID |
| ISIN | INE219X23014 |
| Final Issue Price | ₹100 per share |
Company Profile
IndiGrid InvIT Fund, founded in 2016, is an infrastructure investment trust (“InvIT”) that owns inter-state power transmission assets in India. They are committed to provide consistent and long-term distributions to their Unitholders. Sterlite Power Grid Ventures Ltd, the IndiGrid InvIT Fund’s sponsor, is one of India’s premier independent power transmission businesses, having vast experience in bidding, designing, financing, constructing, and maintaining power transmission projects.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | [email protected] |
| Website | kosmic.kfintech.com |
Contact Details
| Name | IndiGrid InvIT Fund |
| Phone number | +91 11 4996 2200 |
| Email ID | [email protected] |
| Website | www.indigrid.co.in |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
IndiGrid InvIT Fund FAQs
When IndiGrid InvIT Fund will open?
The IndiGrid InvIT Fund opens on May 17, 2017 and closes on May 19, 2017.
What is the lot size of IndiGrid InvIT Fund?
IndiGrid InvIT Fund lot size is 10205 Shares, and the minimum amount required is ₹1,020,500.
When is IndiGrid InvIT Fund listing date?
The IndiGrid InvIT Fund listing date is on June 6, 2017.
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