Dear Business Associates,
Kindly find the details of forthcoming invIT IPO issue India Grid Trust i.e., going to open for public on 17th of May, 2017.
India Grid Trust
Business Overview : IndiGrid is an infrastructure investment trust (“InvIT”) established to own inter-state power transmission assets in India. Sterlite Power Grid Ventures Ltd and Sterlite Infraventures Ltd are the Sponsor and Investment Manager, respectively of IndiGrid. Axis Trustee Services Ltd is the Trustee.
|Offer Period||Issue open : Wednesday, 17th of May, 2017.|
|Issue close : Friday,19th of May, 2017.|
|Price Band||Rs. 98/- to Rs. 100/- per unit.|
|Bid Lot||10,205 units in multiple of 5,103 units thereafter.
Minimum Application: Rs. 10,00,000 and above
|Book Running Lead Manager||
|Registrar||Karvy Computershare Private Limited.|
|Issue Size (In Rs.)||Up to 2250 Crore.|
|QIB’s (Bucket)||75% of Net Issue of which 60% can be allotted to anchor investors.|
|Other Investors||25% of Net Issue|
|Listing||BSE & NSE.|
*Cheques won’t be Accepted (ASBA is Mandatory).