PowerGrid Infrastructure Investment Trust InvIT IPO

Powergrid Corporation of India is going to become the first-ever PSU to launch InvIT IPO. The offer size of Rs 7.734.99 crores comprises a primary component of roughly Rs 4500 crores, and the rest in secondary offerings. The offer opens for bidding on April 29, and the window remains open for investors to bid until May 3, 2021. Anchor investors’ bidding starts on April 28, 2021. The shares will hit D-street in the price band of Rs 99-100.

PowerGrid Infrastructure Investment Trust InvIT IPO

Issuer

POWERGRID Infrastructure Investment Trust InvIT

IPO Date : 29th April 2021 - 03rd May 2021
Price Band
₹99 to ₹100 per equity share

Issue Size
₹ 7,734.99 Cr

Face Value
₹ 10 per equity share

Market Lot
1100 Shares

Listing At
NSE,BSE
₹0 Free Equity Delivery
₹20/- For Intraday, F&O, Currencies & Commodities

PowerGrid Infrastructure Investment Trust InvIT Information

Powergrid Corporation of India Limited is a PSU under the government of India, incorporated in 1989 under the Companies Act 1956. Powergrid is a schedule ‘A’ ‘Maharatna’ company and is one of the largest transmission utilities in the world.

The government of India holds 51.34 percent of the company, while public and institutional investors have the rest.

It operates under the power ministry and the CTU (Central Thermal Utility) of India, engaged in the planning, developing, and coordinating the interstate transmission system. The mission of Powergrid Corporation is to become a global leader in the power market.

PowerGrid Infrastructure Investment Trust InvIT IPO Important Dates

The below table has important dates with respect to the PowerGrid Infrastructure Investment Trust InvIT IPO allotment and listing :
Bid/Offer Opens On 29-Apr-21
Bid/Offer Closes On 03-May-21
Finalization Of Basis Of Allotment 10-May-21
Initiation Of Refunds 11-May-21
Credit Of Shares To Demat Acct 11-May-21
IPO Shares Listing Date 17-May-21
UPI Mandate Expiry Date 24-May-21

Competitive strength

  • One of the Maharanta PSUs engages mainly in power transmission
  • One of the world’s largest power transmission companies and a prominent player in the global power market
  • Experienced managed and state ownership

How to apply for PowerGrid Infrastructure Investment Trust InvIT IPO :


1. The In Power Grid IPO, the application process is ASBA. There is no UPI facility in this issue and hence customer cannot apply from ABMA or TAB in angelbroking. Hence please do not redirect customer to trade or APP. We are sending emails to customers informing them about how to apply for this issue from his net banking facility with his own bank. The attached PPT explains the customer,how to apply for Power Grid using his/her netbanking.

2. If you’re a new investor Open DEMAT Account for free with Angel Broking and build wealth with the best stock choices. Join our 1 million+ family of happy customers.

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PowerGrid Infrastructure Investment Trust InvIT IPO FAQs

What is an IPO?

IPO is a method adopted by companies to raise capital from the market. It involves releasing company shares in the primary market for general investors. By launching initial public offering shares, companies get listed in the stock exchanges.

What is the Powergrid Corporation IPO?

Powergrid Corporation of India IPO consists of 7700 crore units in primary and OFS shares. Fresh issues sum up to Rs 4,993.48 crore, and the OFS portion is Rs 2,741.50 crore. The shares will issue in the price band of Rs 99-100 per unit.

How to apply for Powergrid Corporation IPO through Angel Broking?

Angel Broking customers can log in to their account to find the latest IPOs. They can select an IPO and apply directly from the website or the mobile app. Get Angel Broking Demat and experience an integrated investment platform. Click here.

When will Powergrid Corporation IPO open?

The bidding will start on April 29 and continue till May 3, 2021. Bidding for anchor investors begins on April 28, 2021.

What is the minimum lot size for retail investors?

The minimum lot size is decided to be 1,100 units, and investors can increase their bidding size in multiples of the minimum lot size thereof.

How to apply for Powergrid Corporation IPO?

Investors can apply through a stockbroker or using the net banking service of their bank. The new mandate requires all IPO applications to be backed by an ASBA form - a self authorisation permitting the banks to block funds up to the total amount of the IPO application.

When is the Powergrid Corporation IPO allotment date?

The finalisation of Powergrid Corporation IPO share allotment will happen on May 10, 2021.

When is the Powergrid Corporation IPO listing date?

Powergrid Corporation IPO shares will list in the exchanges on May 17, 2021.

How to pay for Powergrid Corporation IPO using UPI?

Investors need to link their bank account with a UPI handle - BHIM or Google Pay to make payment through the Unified Payment Interface during IPO bidding. Investors should complete the payment using their UPI handle to place their bid successfully.

How will I receive the Powergrid Corporation IPO?

Once allotted, Powergrid Corporation shares will get credited to your Demat account directly. Open a Demat and invest in Powergrid Corporation IPO. Click here.

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