POWERGRID Infrastructure Investment Trust InvIT Message Board (Page 5)

53. Prajwal V Shettigar | Link | Bookmark | May 3, 2021 8:06:43 PM

GMP will be calculated before the IPO?? or after the IPO??

53.1. arunARUN | Link | Bookmark | May 4, 2021 12:56:19 AM

IPO Guru (2000+ Posts, 1700+ Likes)

Hearing rates of Rs 1 2 GMP

53.2. Mukesh Jain | Link | Bookmark | May 4, 2021 11:37:04 AM

Listing could fetch approx 5% gain on day1

52. TSG | Link | Bookmark | May 3, 2021 4:12:38 PM

Trading in invit is in lots(Like RIETS)or units ?

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52.2. LeKKeR | Link | Bookmark | May 3, 2021 5:58:08 PM

IPO Guru (1300+ Posts, 2000+ Likes)

As per RHP trading lot is of 100 units

52.3. PowerUser | Link | Bookmark | May 3, 2021 6:42:22 PM (200+ Posts)

I think its 50k for REIT and 100k for invit.

51. LeKKeR | Link | Bookmark | May 3, 2021 1:11:55 PM

IPO Guru (1300+ Posts, 2000+ Likes)

HNI / Retail at least required to apply for 4 lot application to get firm 1 lot allotment.
HNI quota may subscribe 4-5 times

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51.4. Nareshkumar | Link | Bookmark | May 3, 2021 5:59:50 PM

Dear lekker sir does application of 1 lot have chance of allotment?

51.5. narayanan swamy | Link | Bookmark | May 3, 2021 6:05:20 PM

Not clear. Can u pl elaborate who will get how much andon what basis

50. narayanan swamy | Link | Bookmark | May 3, 2021 5:31:50 PM

How will the powergrid units be alloted? Since the issue is oversubscribed, can hni get at least one lot or it will be less than one lot of 1100 units.
Proportionate means if I apply for 2200 units and the issue is oversubscribed 5 times, then I get one fifth of 2200 units ie 440 units????

50.1. LeKKeR | Link | Bookmark | May 3, 2021 5:42:04 PM

IPO Guru (1300+ Posts, 2000+ Likes)

if you have applied 2200 units means there is 40% chance you will get 1100 units or NIL allotment.

49. KING VINOD | Link | Bookmark | May 3, 2021 5:25:29 PM

IPO Guru (2500 Posts, 5400+ Likes)

HOS
KIMS & India Pesticide Ltd IPO
SEBI Approved received for both the IPOs.

48. Shah bhupesh chunilal | Link | Bookmark | May 3, 2021 5:03:49 PM (200+ Posts)

Any chance to gain

47. RakeshK | Link | Bookmark | May 3, 2021 2:42:22 PM

NII portion will likely subscribe 3.5x. Apply 4400 units for firm allotment of 1100 units

46. NEMI CHAND AJMERA | Link | Bookmark | May 3, 2021 12:19:57 PM

Power grid is brand name under government of India, so the security and sustainability of returns are much visible than indigrid. So in my opinion it will subscribe reasonably good. Anchor list is good and many big investor invested in it for stable returns.Probably will list @4 to 5 % premium.

46.1. SUNILKGS | Link | Bookmark | May 3, 2021 12:28:40 PM

It will list at 10% premium so one can look at rotating 3 to 4 lacs and earn quick 5 to 10% with option to retain for longer term as Fixed income instrument yielding around 10 to 11% per annum. It will be oversubscribed 3 to 4 times by the time we see final figures

46.2. LeKKeR | Link | Bookmark | May 3, 2021 1:03:32 PM

IPO Guru (1300+ Posts, 2000+ Likes)

Indeed, great anchor book including MFs,
lets see how QIB shows more interest before 3 PM today.

45. SauravCP | Link | Bookmark | May 3, 2021 12:27:56 PM

don''t know anything about InvIT. Not very clear after reading a bit online.
Question #1: Can these be sold on listing date? (trying to understand if there is any locking period)
Question #2: I see about "investment period & quarterly/yearly payouts." Can we change these options & when do we select these options?

45.1. PSR | Link | Bookmark | May 3, 2021 12:35:43 PM

IPO Guru (1300+ Posts, 700+ Likes)

There is no lock-in period. Units can be sold on listing day itself.

To my knowledge, they distribute their revenue (comprising of dividend, interest and amortisation of loan) periodically, on quarterly basis (fisrst payment will be after six months from the closure of the issue), and you will not have any choice of periodicity of the payments.

44. SANJEEV SOOD | Link | Bookmark | May 3, 2021 11:02:43 AM

Top Contributor (300+ Posts, 100+ Likes)

Huge Task ahead for LIC institutional subscription is only .38 times. Institutional investment must be .9 times for any IPO to sail through.

Your money your decision I will rest my case here.

44.1. Ou Ai | Link | Bookmark | May 3, 2021 11:54:40 AM

Top Contributor (300+ Posts, 300+ Likes)

No huge task. Non institutional oversubscribe by 1.57 times. Institutional by 0.57 times. Overall crossed 1 time. By closure all will get oversubscribed with out much effort.

Chittorgarh is not updating these latest figures.

43. Sharad Arun Mayekar | Link | Bookmark | May 3, 2021 1:13:43 AM

It will up

42. sonal patel | Link | Bookmark | May 3, 2021 1:02:27 AM

IPO Guru (1600+ Posts, 5800+ Likes)

CarTrade set to file IPO papers, to raise up to Rs 2,000 crore

41. ~~KDKing🤴~~ | Link | Bookmark | May 2, 2021 1:11:11 PM

Grocery including online food delivery, Makan, Power , Insurance and Internet (technologies)

Are new basic five needs of India.

Long term investors must apply, listing gainers should avoid, long term investors can avg their holdings post listing if listed in discount.

40. Eagleye | Link | Bookmark | May 1, 2021 7:27:45 AM

IPO Guru (6600+ Posts, 22000+ Likes)

Found this article really useful , if you wish to take an informed opinion on wether Zomato makes a good IPO investment

https://jstinvestments.com/everything-you-need-to-know-about-zomato/

39. MOHIT JAIN | Link | Bookmark | May 1, 2021 12:57:32 AM

Big avoid. Huge lot size. coronaa on fire avoid fresh entry in market.Market correct at least 20 percent if covid cases cannot decline.

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39.2. PSR | Link | Bookmark | May 2, 2021 11:08:27 AM

IPO Guru (1300+ Posts, 700+ Likes)

Issue can be thought otherwise too.

It is most unlikely that demand for power goes down in long term. Anyhow, business methology is difficult to understand, and it will be better bet even it generates 8% return, with capital intact.

It is another avenue of longterm investment.

Hence, I am applying.

39.3. LeKKeR | Link | Bookmark | May 3, 2021 1:00:01 PM

IPO Guru (1300+ Posts, 2000+ Likes)

now a days it is very easy to call someone cheap without thinking anything.

38. RakeshK | Link | Bookmark | April 26, 2021 3:18:15 PM

what is the likely expected yield @ 100/- per unit for next 3 years? (2) will distribution be on qtrly basis?

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38.1. arunARUN | Link | Bookmark | April 26, 2021 3:37:58 PM

IPO Guru (2000+ Posts, 1700+ Likes)

distribution will be quarterly

38.2. Lokesh Chiru | Link | Bookmark | April 26, 2021 4:23:33 PM

Top Contributor (400+ Posts, 300+ Likes)

After listing first distribution will be made in 6 months but after that every quarter.

38.3. arunARUN | Link | Bookmark | April 26, 2021 4:34:04 PM

IPO Guru (2000+ Posts, 1700+ Likes)

@lokesh chiru You are right

38.4. PowerUser | Link | Bookmark | April 27, 2021 1:43:15 AM (200+ Posts)

~1140 crores average annual free cash flow and 90% mandatory distribution.

38.5. Clearsky | Link | Bookmark | April 28, 2021 11:46:11 AM

Unlike private Invits, it is hard to guess what would be the Q distribution going forward and how efficiently they''ll manage. They don''t have ROFR (Right of First Refusal) on Powergrid''s assets, so, other private invits can also bid for Powergrid''s lines, which may make it expensive for the Invit.

38.6. arunARUN | Link | Bookmark | April 29, 2021 10:26:52 AM

IPO Guru (2000+ Posts, 1700+ Likes)

@clearsky Why Parent powergrid will like to lose investment management fee as well as Income it will make from operating and maintenance (15% of O&M charges)
2ndly higher the bid price lower will be return for the Invit holders. ROFR is overrated. Invit should acquire assets at time of high rate of interest

38.7. Clearsky | Link | Bookmark | April 29, 2021 5:24:46 PM

@Arun, you have answered your own question. Why would Powergrid company investors would sell to a lower bid of PGInvit if someone else is offering higher price for the assets? and If PGInvit is forced to pay higher price, then their Unit holders will not get attractive returns. simple

38.8. PowerUser | Link | Bookmark | April 30, 2021 3:08:31 AM (200+ Posts)

We are discussing far fetched hypothesis here. Power grid is promoter of this invit. All 20+k crore assets will come here, period.
For convoluted logic, why sbi give cheap loans to sbi card, why hdfc sell thousands of crore home loans to hdfc bank.why money control and cnbc tv 18 promotes reliance all the time. Nobody questioned tatas when they stripped consumer business from tata chemical cheaply. Lol, you get the idea. We live in a world of vested interests.

38.9. alok marwadi | Link | Bookmark | April 30, 2021 12:21:03 PM (200+ Posts)

difficult product to understand but yield will be 10% per year.(Rs.10 ) if promoters projections materialize.

38.10. arunARUN | Link | Bookmark | April 30, 2021 5:07:03 PM

IPO Guru (2000+ Posts, 1700+ Likes)

@alok marwadi
Please understand that these assets are operating assets with purchase agreement for 32 year plus (original agreement 35 years. Till 2 years from start of operation it can not be sold)
SO there is no projection on revenue side if they can ensure availability of power line for that period. As these projects maximum risk is earthquake where tower can come down (count the possibility) and with such high voltage flowing through them no body will dare to steal the wires

38.11. PowerUser | Link | Bookmark | April 30, 2021 9:06:54 PM (200+ Posts)

Money control and et gave 11 % as potential yield.

37. Chem cho | Link | Bookmark | April 24, 2021 10:06:55 AM

IPO Guru (2600+ Posts, 2700+ Likes)

Just aviod for listing gains

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37.2. Ashish Khater | Link | Bookmark | April 28, 2021 10:02:05 PM

IPO Mentor (600+ Posts, 400+ Likes)

What is the reason to Avoid?? Can you please clarify.

Jai Jinendra.....Ipo bharo aur bharne Do....

37.3. Sarthak Deshmukh | Link | Bookmark | April 30, 2021 8:40:06 PM

Top Contributor (400+ Posts, 200+ Likes)

It is Avoid for Listing Gains
Apply for Long Term

36. Dinesh Singh | Link | Bookmark | April 30, 2021 12:13:12 PM

IPO Guru (1300+ Posts, 500+ Likes)

Quite slow start.
Seems either date will be extended or canceled.

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36.5. Mukesh Jain | Link | Bookmark | May 4, 2021 11:35:59 AM

what looked slow start, however on the last day last hour this is already about 5 times subscribed.

will have great listing.

36.6. Mukesh Jain | Link | Bookmark | May 14, 2021 1:00:12 AM

Ready for listing 1000Hrs 14 May!

likely 10% premium listing @ still 9.4+% yield to buyer.

35. narayanan swamy | Link | Bookmark | April 26, 2021 3:09:34 PM

What is the maximum no of shares that a retail investor can apply in power grid invit

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35.1. arunARUN | Link | Bookmark | April 26, 2021 4:34:52 PM

IPO Guru (2000+ Posts, 1700+ Likes)

25% of issue size. No retail quota upto Rs 2 Lakh like regular equity IPO

35.2. Kamal Mittal | Link | Bookmark | April 27, 2021 10:53:44 AM

1100

35.3. RaviKumar Gudapati | Link | Bookmark | April 27, 2021 11:24:23 AM

@narayanana swamy,

arunARUN said 25%, is retailer quota. you can any number of times. No restrictions. If you have fund you can 100 times for retailer quota. Then the issue will get subscribed by nore than 100 times considering the other retail subscribers and allotment is made according to the rules. you may get som

Ravi Kumar Gudapati

35.4. GOURAV BACHHUKA | Link | Bookmark | April 28, 2021 4:13:51 PM

I LOT ONLY OF 110000

35.5. NforNandkishor | Link | Bookmark | April 28, 2021 4:41:46 PM

IPO Mentor (600+ Posts, 800+ Likes)

Technically there is no seperate retail quota. If you apply for 1 lot, your application will be considered under retail application. If you apply for 2 or more lot, your application will be treated in hni category.

For both of the application, the allotment will be made on proportional basic subject to minimum lot. Technical there will be no difference in allotment process.

Apply for as many lots as you wish.

35.6. Ou Ai | Link | Bookmark | April 29, 2021 4:19:54 PM

Top Contributor (300+ Posts, 300+ Likes)

Dear All

As per DHRP, there are only two categories, institutional & non institutional with 75% & 25% allocation. There is no HNI or retail here. All those who are not registered entities like QIB, Mutual funds , FII, DII, family trusts are considered retail. There is no limit of Rs.200000/- per retail. One can apply for any number of lots in non institutional category up to 25% quota limit.

@chittogarh
Board above mentions maximum lot 1 equal to Rs.110000/-. This is incorrect. Please correct it.

35.7. Gopal Krishna Pandya | Link | Bookmark | April 30, 2021 3:57:05 AM

100 shares

34. Umashankar BG | Link | Bookmark | April 29, 2021 12:12:19 PM

Why not showing IPO in Angel broking app

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34.2. Navneet Singh | Link | Bookmark | April 29, 2021 1:42:02 PM

Same not showing in Upstox and IIFL app

34.3. PowerUser | Link | Bookmark | April 30, 2021 3:14:24 AM (200+ Posts)

I think it''s because of Upi upper limit. Bank asba online application is the way to go. I used sbi.