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IndiGrid InvIT Fund IPO (IndiGrid InvIT IPO) Details

IndiGrid InvIT Fund IPO (IndiGrid InvIT IPO) Details:

IndiGrid owns inter-state power transmission assets in 11 states. The sponsor, Sterlite Power Grid Ventures, is one of the leading independent private sector power transmission companies operating across the country. It owns 11 inter-state transmission projects with a total network of 30 transmission lines of around 7,733 circuit km and nine substations having 13,890 MVA of transmission capacity.

These two assets have a debt burden of over Rs 2,300 crore as per the DRHP, out of which it plans to retire close to Rs 1,000 crore from the IPO proceeds. Some of these projects have been fully commissioned, while others are at different stages of development.

Of the 11 inter-state transmission projects, IndiGrid will initially acquire two projects–Bhopal Dhule Transmission Co and Jabalpur Transmission Co–with a total network of eight transmission lines of around 1,936 circuit kms and two substations having 6,000 MVA capacity across four states.

In accordance with InvIT regulations, the trust has to distribute at least 90 per cent of net cash available for distribution to unit-holders at least twice a year.


The objects of the Offer are to:

  1. Providing loans 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.

IndiGrid InvIT Fund IPO (IndiGrid InvIT IPO) Details:

  1. Issue Open: May 17, 2017 – May 19, 2017
  2. Issue Type: 100% Book Built Issue IPO
  3. Face Value: Rs 100 Per Equity Share
  4. Issue Size:  * Shares of Rs 100 aggregating up to Rs * Cr
  5. Issue Price: Rs 98 – Rs 100 Per Equity Share.
  6. Market Lot: * Shares
  7. Minimum Order Quantity: * Shares
  8. Listing At: BSE, NSE

* To Be Updated


Morgan Stanley India Company Private Limited

18F, Tower 2 One Indiabulls Centre 841,

Senapati Bapat Marg Mumbai 400 013

Tel: +91 22 6118 1000 Fax: +91 22 6118 1040


Investor Grievance E-mail: investors_india@

Citigroup Global Markets India Private Limited

1202, 12th Floor First International Financial Center

G-Block, Bandra Kurla Complex Bandra East

Mumbai 400 051

Tel: +91 22 6175 9999 Fax: +91 22 6175 9898


Investor Grievance E-mail:

Edelweiss Financial Services Limited

14th Floor, Edelweiss House Off. C.S.T. Road,

Kalina Mumbai 400 098

Tel: +91 22 4009 4400 Fax: +91 22 4086 3610


Investor Grievance E-mail:


Karvy Computershare Private Limited

Karvy Selenium, Tower B Plot number 31 & 32 Gachibowli

Financial District, Nanakramguda Hyderabad 500 032

Tel : +9140 6716 2222 Fax: +9140 2343 1551


Investor Grievance E-mail:

IndiGrid InvIT Fund IPO (IndiGrid InvIT IPO) Red Herring Prospectus (RHP):

IndiGrid InvIT Fund Ltd IPO (IndiGrid InvIT IPO) Prospectus

Market Update:

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While now Shankara Building Products IPO Allotment and Listing also completed and it gave good 37.57% premium on first day itself. Now S Chand and Company Ltd IPO also listed on stock market. Housing and Urban Development Corporation Ltd IPO (HUDCO) bidding is also over now. Now HUDCO IPO Allotment and Listing will be in process.

While HUDCO Grey Market Premium (GMP) also started showing movement and currently trading at Rs 25 – Rs 25.50 per equity share.

PSP Projects Ltd(PPL) IPO bidding will be active from May 17, 2017 – May 19, 2017.

IRB Infra Invit Fund IPO bidding also able to close successfully on May 05, 2017.

Next in the pipeline will be Central Depository Services Ltd IPO (CDSL IPO)  and Continental Warehousing Corporation Ltd IPO (Nhava Seva IPO).

Some SME IPO will also be active in market in coming week.

This year we can see some good IPO hitting market like NSE Ltd IPOHDFC Standard life insurance, SBI life insurance etc.

Keep watching this blog to keep yourself updated with all the news.

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