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India Grid Trust Rights Issue (India Grid Trust Rights Issue) Detail

April 6, 2021 - April 13, 2021
India Grid Trust Logo

India Grid Trust (IndiGrid) is India’s first listed power sector infrastructure investment trust, sponsored by the KKR Sponsor and the Sterlite Sponsor. It was established in October 2016 and is registered with SEBI under the InvIT Regulations.

IndiGrid was established to own and operate power transmission and renewable energy assets in India.

India Grid Trust Rights Issue Detail

Issue Open April 6, 2021 - April 13, 2021
Security Name India Grid Trust
Issue Size (Shares) 116,695,404
Issue Size (Amount) ₹1,283.65 Crores
Issue Price ₹110 per share
Face Value
Listing At BSE, NSE
Terms of Payment The full amount of Rs 110 per Unit shall be payable on Application.
Entitlement 1 Lot for every 5 Lots held by the Eligible Unitholders on Record Date. (1 lot=1701 units)

India Grid Trust Rights Issue Issue Timetable

Record Date March 30, 2021
Credit of Rights Entitlements April 5, 2021
Bid/Offer Opens On April 6, 2021
Renunciation of Rights Entitlements April 8, 2021
Bid/Offer Closes On April 13, 2021
Deemed Date of Allotment April 20, 2021
Credit Date April 22, 2021
Listing Date April 23, 2021

Company Financials

Summary of financial Information (Consolidated)
Particulars For the year/period ended (Rs. in Millions)
31-Mar-20 31-Mar-19 31-Mar-18
Total Assets 1,17,920.19 53,462.26 53,786.94
Total Revenue 12,785.94 6,739.05 4,605.00
Profit After Tax 5,057.20 1,539.14 2,103.50

Objects of the Issue:

The Net Proceeds will be utilised for : (i) Acquisition of 26% of the issued, subscribed and paid-up equity share capital of NER (NER II Transmission Limited), either directly or indirectly from the Sterlite Sponsor; (ii) Partial repayment of the outstanding external debt of OGPTL (Odisha Generation Phase - II Transmission Limited) and GPTL (Gurgaon Palwal Transmission Limited) and debt proposed to be availed by IndiGrid; and (iii) General purposes.

India Grid Trust Rights Issue Documents

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India Grid Trust Rights Issue Reviews

Company Contact Information

India Grid Trust
Unit No. 101, First Floor, Windsor,
Village KoleKalyan, Off CST Road, Vidyanagari Marg
Kalina, Santacruz East, Mumbai 400098

Phone: +91-7208493885
Email: complianceofficer@indigrid.co.in
Website: https://www.indigrid.co.in/

India Grid Trust Rights Issue Registrar

  1. Kfin Technologies Limited
    Phone: 04067162222, 04079611000
    Email: indigrid.rights@kfintech.com
    Website: https://kosmic.kfintech.com/ipostatus/

India Grid Trust Rights Issue Lead Manager(s)

India Grid Trust Rights Issue FAQs

The India Grid Trust Rights Issue opens on April 6, 2021, and closes on April 13, 2021.

India Grid Trust Rights Issue Schedule

Last Date for credit of Rights EntitlementsApril 5, 2021
Last Date for renunciation of Rights EntitlementsApril 8, 2021
Issue Opening DateApril 6, 2021
Issue Closing DateApril 13, 2021
Date of Allotment (on or about)April 20, 2021
Date of Credit (on or about)April 22, 2021
Date of Listing (on or about)April 23, 2021

India Grid Trust Rights Issue price is set at ₹110 per share per equity share.

The eligible shareholders are being offered 1 Lot for every 5 Lots held by the Eligible Unitholders on Record Date. (1 lot=1701 units) (March 30, 2021).

The record date for the India Grid Trust Rights Issue is March 30, 2021.

The issue size of India Grid Trust Rights Issue is of 116,695,404 equity shares at ₹110 per share aggregating upto ₹1,283.65 Crores.

The Letter of Offer for India Grid Trust Rights Issue can be download here.

You can apply for India Grid Trust Rights Issue in two ways:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for India Grid Trust Rights Issue using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the 'IPO & Rights Issue' section.
  3. Check if the India Grid Trust Rights Issue available on the list.
  4. Click the Apply button next to the India Grid Trust Rights Issue.
  5. Fill and check your information.
  6. Submit the application.

Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.

Steps to apply for India Grid Trust Rights Issue using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select India Grid Trust Rights Issue from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

16 Comments

16. PowerUser   I Like It. 1|  Link|April 23, 2021 7:41:08 PM
Got my allotment too, sms from bank.
15. RakeshK   I Like It. 1|  Link|April 23, 2021 2:14:16 PM
Received allotment....bank account debited
14. PowerUser   I Like It. 1|  Link|April 23, 2021 2:54:12 AM
Issue Closing Date April 16, 2021
Finalisation of Basis of Allotment (On or about) April 22, 2021
Date of Allotment (On or about) April 23, 2021
Date of Credit (On or about) April 26, 2021
Date of Listing (On or about) April 27, 2021
13. amukho     Link|April 22, 2021 4:56:03 PM
Any one get got the rights issue allotment? Where to check?
12. Ruchir Goyal     Link|April 17, 2021 8:41:58 PM
Any update on the subscription status of the right issue. Will we get 1 lot of right if we currently hold only 3 lots?
12.1. PowerUser   I Like It. 1|  Link|April 19, 2021 10:15:17 AM
Mostly you will get allocation.
11. PowerUser   I Like It. 1|  Link|April 19, 2021 10:14:51 AM
Subscribed ~65%. You may get allocation even for fractional right issue.
10. PowerUser     Link|April 7, 2021 3:30:13 AM
Same with SBI. Not sure whats going on!
10.1. vkuser     Link|April 10, 2021 6:59:53 PM
Hi, SBI is now allowing the INDIGRID rights.
10.2. PowerUser     Link|April 11, 2021 12:42:12 AM
I am glad now, I thought lost opportunity. Thanks for informing @vkuser.
9. vkuser     Link|April 10, 2021 7:02:08 PM
IndusInd Bank and SBI online banking is allowing the Indigrid rights application now.
8. bunty aggarwal     Link|April 8, 2021 9:51:55 AM
fill the asba form and submit to nearest SCSB branch
7. RAHUL SHYAMSUKHA     Link|April 7, 2021 11:38:55 PM
How to apply? ICICI and IDFC not offering online..pls suggest
6. PowerUser     Link|April 7, 2021 1:33:49 PM
This is frustrating, I sent a mail to registrar too. Lets see.
5. bunty aggarwal     Link|April 7, 2021 11:56:51 AM
I have also complained regarding this to registrar, and sebi.
4. bunty aggarwal     Link|April 7, 2021 10:03:26 AM
Also no R wap facility for this issue
3. bunty aggarwal     Link|April 7, 2021 10:02:09 AM
ICICI also not allowing have another family member a/c with yes bank and it is showing
2. amukho     Link|April 6, 2021 3:40:42 PM
The issue is not showing in the idbi bank where demat ac is maintained. How to apply? Please help
1. PowerUser     Link|April 5, 2021 10:03:18 AM
Issue close date is extended. Please update.

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