Details of Forthcoming InvIT IPO issue: India Grid Trust

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 

Industry Conglomerate
Book Running Lead Manager
  • Morgan Stanley India Company Private Limited 
  • Citigroup Global Markets India Private Limited  
  • Edelweiss Financial Services Limited.
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).

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