Incorporated in 2016, IndiGrid InvIT Fund is an infrastructure investment trust (“InvIT”) established to own inter-state power transmission assets in India. They are focused on providing stable and sustainable distributions to their Unitholders.
Sterlite Power Grid Ventures Ltd, sponsor of IndiGrid InvIT Fund is one of the leading independent power transmission companies operating in the private sector, with extensive experience in bidding, designing, financing, constructing and maintaining power transmission projects across India.
Company’s sponsor owns 11 inter-state power transmission projects with a total network of 30 power transmission lines of approximately 7,733 ckms and nine substations having 13,890 MVA of transformation capacity. Some of these projects have been fully commissioned, while others are at different stages of development. They recently won bids for two transmission projects in Brazil,
Of the 11 inter-state power transmission projects owned by the Sponsor, they will initially acquire two projects with a total network of eight power transmission lines of 1,936 ckms and two substations having 6,000 MVA of transformation capacity across four states (the “Initial Portfolio Assets”).
IndiGrid InvIT Fund Details
Issue Type | Book Built Issue IPO |
Face Value | ₹100 per equity share |
IPO Price | ₹98 to ₹100 per equity share |
Market Lot | 10205 Shares |
Min Order Quantity | 10205 Shares |
Listing At | BSE, NSE |
BSE Script Code | 540565 |
NSE Symbol | INDIGRID |
ISIN | INE219X23014 |
Issue Size | Aggregating up to ₹2,250.00 Cr |
IndiGrid InvIT Fund IPO Tentative Timetable
PARTICULAR | DATE |
IPO Opening Date | 14-Jun-17 |
IPO Closing Date | 16-Jun-17 |
Listing Date | Tuesday, June 27, 2017 |
IndiGrid InvIT Fund Lot Size
Application | Lots | Shares | Amount (Cut-off) |
Minimum | 1 | 10205 | ₹1,020,500 |
Maximum | 0 | 0 |
IPO Allotment Status
Please Click Hare To Check IPO Allotment Status For IndiGrid InvIT Fund
Objects of the Issue:
The object of the issue are to:
- providing loan to BDTCL and JTCL for repayment or pre-payment of debt (including any accrued interest and any applicable penalties) of banks, financial institutions, SGL1, SGL2;
- repayment of any other long term and short term liabilities and capital expenditure creditors.
Registrar & Company Details
Company Contact Information | IndiGrid InvIT Fund Registrar |
IndiGrid InvIT Fund F-1, The Mira Corporate Suites, 1 & 2, Ishwar Nagar, Mathura Road, New Delhi 110 065 Phone: +91 11 4996 2200 Email: complianceofficer@indigrid.co.in Website: http://www.indigrid.co.in | KFintech Private Limited Selenium Building, Tower-B, Plot No 31 & 32, Financial District,Nanakramguda, Serilingampally, Rangareddi, Telangana India – 500 032. Phone: 1-800-3454001 Email: indigrid.invit@karvy.com Website: https://karisma.kfintech.com/ |