Powergrid InvIT IPO Review

Powergrid InvIT was set-up to claim, build, work, keep up with and put resources into power transmission resources in India. Its support and venture chief, Power Grid Corporation of India Limited is a Maharatna CPSE. Starting at 1 November 2020, Power Grid was the biggest force transmission organization in India as far as length of transmission lines estimated in circuit kilometers (ckm). Starting at 31 August 2020, the support’s offer in India’s combined between provincial force move limit was over 85%. 

Of the support TBCB (levy based serious offering) projects, Powergrid InvIT proposes to secure five activities at first with an all out organization of 11 force transmission lines of roughly 3,698.59 ckm and three substations having 6,630 MVA of total change limit, starting at 31 December 2020, across five states in India. 

Powergrid InvIT expects to convey essentially 90% of the net money accessible for appropriation to its unitholders once every quarter in each monetary year. Nonetheless, the principal assertion of dispersion by the Trust will be made inside a half year from the posting and exchanging of units as per the deal.

Subscription Dates

29 April – 3 May 2021

Price Band

INR99 – 100 per unit

Fresh issue

INR4,993.48 crore

Offer For Sale

INR2,741.51 crore

Total IPO size

INR7,734.99 crore

Minimum bid (lot size)

1,100 units

Minimum investment

INR1,08,900 – 1,10,000  

Non-Institutional Investor Allocation

25%

Listing On

NSE, BSE

900 by 250 banner
 

FY2018

FY2019

FY2020

9M FY2021

Revenue

345.6

984.1

1,334.1

1,009.1

Expenses

217.1

636.1

846.7

461.4

Comprehensive income

114.1

248.1

378.8

337.1

Margin (%)

33.0

25.2

28.4

33.4

Earnings Per Share (EPS):  updated soon 

Earnings Per Share (EPS):updated soon 

Price/Earnings (PE ratio):updated soon 

Price/Earnings (PE ratio):updated soon 

Return on Net Worth (RONW):updated soon 

Net Asset Value (NAV):updated soon 

Listing Performance of Powergrid InvIT IPO

Company Name

Listed On

Issue Price

Listing Day Close

Listing Day Gain

POWERGRID Infrastructure Investment Trust

May 14, 2021

100

102.98

2.98%

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NSE : PGINVIT

ISIN CODE : INE0GGX23010

BSE IndiaClick Here

KfintechClick Here

Link InTimeClick Here

Angel Broking – Neutral

BP Wealth – Subscribe

Choice Broking – Subscribe for Long Term

Elara Capital – Subscribe

GEPL Capital – Subscribe

Ventura Securities – Not Rated

IPO Opening Date: 29 April 2021

IPO Closing Date: 3 May 2021

Finalisation of Basis of Allotment: 10 May 2021

Initiation of refunds: 11 May 2021

Transfer of shares to demat accounts: 11 May 2021

Listing Date: 14 May 2021

Opening Price on NSE: INR104 per share (up 4% from IPO price)

Closing Price on NSE: INR102.99 per share (up 2.99% from IPO price)

Powergrid Infrastructure Investment Trust

Plot No. 2,

Sector 29,

Gurgaon 122 001

Phone: +91 124 282 3177

Email: investors@pginvit.in

Website: www.pginvit.in

KFin Technologies Private Limited

Selenium Tower B, Plot 31-32,Gachibowli, Nanakramguda,Hyderabad – 500 032, Telangana

Phone: +91 40 6716 2222 

Fax: +91 40 2343 1551

Email: einward.ris@kfintech.com

Website: www.kfintech.com

Category

Shares offered

Subscription (no. of times, at 5 PM)

Day 1

Day 2

Day 3

QIB

23,20,49,400

0.03

0.38

4.63

NII

19,33,75,600

0.19

0.88

5.06

Total

42,54,25,000

0.10

0.60

4.83

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