Powergrid InvIT IPO – Latest News and Subscription Status Updates [Live]

By Angel Broking | Published on 29th April 2021 | 6592

Powergrid InvIT (Infrastructure Investment Trust) in India owns, constructs, operates, maintains and invests in power transmission assets in India. It is owned by PowerGrid Corporation of India which is run by the state, hence inviting a lot of intrigue from investors all over India.

Powergrid InvIT IPO Updates [LIVE]


May 03: Day 3


At 05:00 p.m

  • This IPO has been subscribed 4.83x by 05:00 p.m. on Day 3
  • It is a public issue of 425,425,000 equity shares.

Status of Subscription

  • (QIB) Qualified institutional buyers: 4.63x
  • (NII) Non-institutional buyers: 4.92x

At 04:00 p.m

  • This IPO has been subscribed 4.65x by 04:00 p.m. on Day 3
  • It is a public issue of 425,425,000 equity shares.

Status of Subscription

  • (QIB) Qualified institutional buyers: 4.43x
  • (NII) Non-institutional buyers: 4.77x

At 03:00 p.m

  • This IPO has been subscribed 3.43x by 03:00 p.m. on Day 3
  • It is a public issue of 425,425,000 equity shares.

Status of Subscription

  • (QIB) Qualified institutional buyers: 3.18x
  • (NII) Non-institutional buyers: 3.64x

At 02:45 p.m

  • This IPO has been subscribed 2.85x by 02:45 p.m. on Day 3
  • It is a public issue of 425,425,000 equity shares.

Status of Subscription

  • (QIB) Qualified institutional buyers: 2.21x
  • (NII) Non-institutional buyers: 3.53x

At 02:00 p.m

  • This IPO has been subscribed 2.08x by 02:00 p.m. on Day 3
  • It is a public issue of 425,425,000 equity shares.

Status of Subscription

  • (QIB) Qualified institutional buyers: 1.49x
  • (NII) Non-institutional buyers: 2.71x

At 01:00 p.m

  • This IPO has been subscribed 1.74x by 01:00 p.m. on Day 3
  • It is a public issue of 425,425,000 equity shares.

Status of Subscription

  • (QIB) Qualified institutional buyers: 1.19x
  • (NII) Non-institutional buyers: 2.32x

April 30: Day 2


At 05:00 p.m

  • This IPO has been subscribed 0.61x by 05:00 p.m. on Day 2
  • It is a public issue of 425,425,000 equity shares.

Status of Subscription

  • (QIB) Qualified institutional buyers: 0.38x
  • (NII) Non-institutional buyers: 0.83x

At 03:45 p.m

  • This IPO has been subscribed 0.54x by 03:45 p.m. on Day 2
  • It is a public issue of 425,425,000 equity shares.

Status of Subscription

  • (QIB) Qualified institutional buyers: 0.37x
  • (NII) Non-institutional buyers: 0.71x

At 02:45 p.m

  • This IPO has been subscribed 0.34x by 02:45 p.m. on Day 2
  • It is a public issue of 425,425,000 equity shares.

Status of Subscription

  • (QIB) Qualified institutional buyers: 0.10x
  • (NII) Non-institutional buyers: 0.59x

At 01:45 p.m

  • This IPO has been subscribed 0.2×4 by 01:45 p.m. on Day 2
  • It is a public issue of 425,425,000 equity shares.

Status of Subscription

  • (QIB) Qualified institutional buyers: 0.03x
  • (NII) Non-institutional buyers: 0.46x

At 12:50 p.m

  • This IPO has been subscribed 0.20x by 12:50 p.m. on Day 2
  • It is a public issue of 425,425,000 equity shares.

Status of Subscription

  • (QIB) Qualified institutional buyers: 0.03x
  • (NII) Non-institutional buyers: 0.37x

At 11:49 a.m

  • This IPO has been subscribed 0.18x by 11:49 a.m. on Day 2
  • It is a public issue of 425,425,000 equity shares.

Status of Subscription

  • (QIB) Qualified institutional buyers: 0.03x
  • (NII) Non-institutional buyers: 0.33x

At 10:59 a.m

  • This IPO has been subscribed 0.13x by 10:59 a.m. on Day 2
  • It is a public issue of 425,425,000 equity shares.

Status of Subscription

  • (QIB) Qualified institutional buyers: 0.03x
  • (NII) Non-institutional buyers: 0.21x

At 09:49 a.m

  • This IPO has been subscribed 0.10x by 09:49 a.m. on Day 2
  • It is a public issue of 425,425,000 equity shares.

Status of Subscription

  • (QIB) Qualified institutional buyers: 0.03x
  • (NII) Non-institutional buyers: 0.17x

April 29: Day 1


At 05:00 pm

  • This IPO has been subscribed 0.10x by 05:00 p.m. on Day 1
  • It is a public issue of 425,425,000 equity shares.

Status of Subscription

  • (QIB) Qualified institutional buyers: 0.03x
  • (NII) Non-institutional buyers: 0.17x

At 04:45 pm

  • This IPO has been subscribed 0.10x by 04:45 p.m. on Day 1
  • It is a public issue of 425,425,000 equity shares.

Status of Subscription

  • (QIB) Qualified institutional buyers: 0.03x
  • (NII) Non-institutional buyers: 0.16x

At 03:30 pm

This IPO has been subscribed 0.06x by 03:30 p.m. on Day 1
It is a public issue of 425,425,000 equity shares.

Status of Subscription

  • (QIB) Qualified institutional buyers: 0.03x
  • (NII) Non-institutional buyers: 0.09x

At 02:45 pm

  • This IPO has been subscribed 0.06x by 02:45 p.m. on Day 1
  • It is a public issue of 425,425,000 equity shares.

Status of Subscription

  • (QIB) Qualified institutional buyers: 0.03x
  • (NII) Non-institutional buyers: 0.08x

At 02:15 pm

  • This IPO has been subscribed 0.05x by 02:15 p.m. on Day 1
  • It is a public issue of 425,425,000 equity shares.

Status of Subscription

  • (QIB) Qualified institutional buyers: 0.03x
  • (NII) Non-institutional buyers: 0.07x

At 01:15 pm

  • This IPO has been subscribed 0.04x by 01:15 p.m. on Day 1
  • It is a public issue of 425,425,000 equity shares

Status of Subscription

  • (QIB) Qualified institutional buyers: 0.02x
  • (NII) Non-institutional buyers: 0.06x

At 12:50 pm

  • This IPO has been subscribed 0.03x by 12:50 p.m. on Day 1
  • It is a public issue of 425,425,000 equity shares

Status of Subscription

  • (QIB) Qualified institutional buyers: 0.02x 
  • (NII) Non-institutional buyers: 0.04x

Key Highlights of Powergrid Infrastructure Investment

  • The Initial Portfolio Assets comprise five power transmission projects located across five states of India. 
  • The Assets were awarded under the Tariff Based Competitive Bidding (TBCB) mechanism on a build-own-operate-maintain (“BOOM”) basis with a long-term Transmission Service Agreement (TSA) of 35 years from the COD. 
  • They intend to distribute at least 90% of the net cash available for distribution to their Unit-holders at least once every quarter in every financial year. 
  • The Sponsor (jointly with its nominees) presently holds 100% of the equity shareholding of each of the Initial Portfolio Assets. 
  • Prior to the Allotment, the Trust proposes to acquire from the Sponsor, and the Sponsor proposes to transfer to the Trust in exchange for Units, the equity shareholding of each of the Initial Portfolio Assets 

Click here to watch our brief explainer on the Powergrid InvIT IPO.

Powergrid InvIT IPO Details

Issue Opens on 29th April, 2021
Issue Closes on 3rd May, 2021
IPO Price Rs.99- Rs.100
IPO Size Equity Shares of Rs.7,734.99 Cr
Listing at BSE, NSE
IPO Lot Size 1100
IPO Open Date 29th April, 2021
IPO Close Date 3rd May, 2021
Basis of Allotment Date 10th May, 2021
Initiation of Refunds 11th May, 2021
Credit of Shares to Demat Account 11th May, 2021
IPO Listing Date 17th May, 2021

Click here for a list of Self- certified Syndicate Banks under ASBA facility

For a detailed review of the Powergrid InvIT IPO and application process, click here.