Contact Us | Log In
Search
Sensex: 32313.6 +85.30 Gold: Rs.28350.00
Nifty: 9990.45 +25.90 Silver: Rs.37960.00
You are here: IndiaNotes >> IPOs
IndiGrid InvIT Fund IPO Prospectus
What Are Analysts Saying?
IPO Note: India Grid Trust - HDFC Securities
HDFC Sec, 18 May 2017
The investment objective of IndiGrid is to undertake activities as an infrastructure investment trust in accordance with the provisions of the InvIT Regulations and the Trust Deed.
Issue Details
Open Date: 17 May 17
Close Date: 19 May 17
Offer Price: Rs. 98
Issue Size: Rs. 2250 Cr
Min Application Amount:
-
Min bid (No. of shares): -
Listing Exchanges: BSE, NSE
About the Company
"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”)."
Objective of the Issue
"Objects of the Issue:

The object of the issue are to:

1. 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;
2. repayment of any other long term and short term liabilities and capital expenditure creditors."
Subscription Details
Investor Category No of times
Qualified Institutional Investor -
Non Institutional Investor -
Retail Investor -
Total -