Issue closed today…
Indigrid NCD 2021 Tranch-1
They are India’s first listed power sector infrastructure investment trust, sponsored by the KKR Sponsor and the Sterlite Sponsor. IndiGrid was established on October 21, 2016 and is registered with SEBI pursuant to the InvIT Regulation.
They own thirteen operating projects, consisting of 38 EHV overhead power transmission lines, comprising 7765 kV transmission lines, 29, 400 kV, and 2, 132 kV transmission lines, with a total circuit length of approximately 7,570 ckms and 11 substations with 13,550 MVA of transformation capacity, across 17 states and 1 union territory, in India.
IndiGrid has assets under management worth of approximately ₹ 142,000 million as on December 31, 2020. IndiGrid Investment Managers Limited (formerly known as Sterlite Investment Managers Limited), is the investment manager of the InvIT and is majority owned by Electron IM Pte. Ltd., an affiliate of KKR.
They have consistently been given a corporate credit rating of ‘CCA AAA/Stable’ by CRISIL, ‘IND AAA’/Stable by India Ratings and ‘ICRA AAA (Stable)’ by ICRA.
Objective of NCD Indigrid NCD 2021 Tranch-1:
Indigrid NCD 2021 Tranch-1 Details:
|Open Date:||Apr 28 2021|
|Close Date:||May 05 2021|
|Issue Type:||Public Issue|
|Issue Size:||₹ 1000 Cr.|
|Face Value:||₹ 1000 Per NCD|
|Market Lot:||10 NCD|
|Minimum Order Quantity:||10000 NCD|
|EPS in Rs||6.18||4.52||7.22||5.21|
|Category-I & II||6.65%||7.45%||7.70%||7.95%|
Post Tax returns:
Lead Manager of Indigrid NCD 2021 Tranch-1:
- JM Financial Consultants Private Limited
Registrar of Indigrid NCD 2021 Tranch-1:
- Kfin Technology Private Limited
Discussion on Indigrid NCD 2021 Tranch-1:
Why closed , isnt the tommorow last day
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Public Issue Of Secured, Listed, Redeemable NCD
Issuer: *India Grid Trust*
Type and nature of instrument: *Secured, redeemable NCD*
Credit Ratings: *CRISIL AAA Stable, India ratings AAA Stable*
Lead Manager: *JM Financial Ltd* (Sole)
Base Issue: ₹ 100 Crores plus green shoe of ₹ 900 crores.
Face Value: ₹ 1000/NCD
Minimum Application: ₹ 10000/
Mode Of Issue: *Public Issue*
Tenure: 3, 5, 7 & 10 years
Coupon Rate (%per annum)
Cat III & IV : individuals 6.75%, 7.60%, 7.90% & 8.20% (annual)
: 7.69% & 7.97%(7 & 10 yrs qtrly)
Cat I & II : non individuals 6.65%, 7.45%, 7.70% & 7.95% (annual)
: 7.49% & 7.72% (7 & 10 yrs qtrly)
Issue opens : 28th April 2021
Issue closes: 05th May 2021
India Grid invit unit holders will get one time extra coupon as incentives @ 0.05,% 0.10%, 0.15% & 0.20% at end of one year for 3,5,7 & 10 years respectively.
Team JM Financial Services Ltd.
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