Powergrid Invit IPO Live Subscription Status and Analyst Reviews

Live subscription status across each investor category and analyst recommendations
Powergrid-Invit-IPO-Subscription

Powergrid InvIT IPO Subscription Status: FINAL

Powergrid InvIT is an infrastructure investment trust setup to own, construct, operate, maintain and invest as an infrastructure investment trust as permissible in terms of the InvIT Regulations, including in power transmission assets in India. It was registered with SEBI as an InvIT on January 7, 2021.

Investor CategoryQuotaSubscription
Institutional (QIB)75%4.50x
Non-Insti. (HNI)25%4.88x
Total Subscription100%4.74x
5:00 PM | 03/05/2021

Powergrid InvIT IPO Subscription: End of Day Update

DayDay 1Day 2Day 3
QIB0.03x0.38x4.50x
HNI017x0.83x4.88x
Total0.10x0.61x4.74x

Powergrid InvIT IPO Subscription: Analyst Recommendations

Prabhudas Lilladher – Subscribe

“We recommend subscribing to the IPO, given the competitive advantage of its sponsors, consistent and stable cash flow, strategic and critical nature of power transmission business, and strong financial positioning,”

Dolat Capital – Subscribe for Longterm

“PowerGrid InvIT asset SPVs (special purpose vehicles) normally pay 6-7 percent as interest charge on the borrowed funds. So, with no disclosure of the yield income from the trust, it will be fair to assume that PGInvIT will have a pre-tax yield of over 7 percent, which is better than the prevailing fixed deposit rates offered by the banks.”

Powergrid InvIT IPO Subscription: Key IPO Details

TypeValue
Issue Size₹7,734.99 Cr
Issue Open29/04/2021
Issue Close03/05/2021
Face Value₹10/- per Equity Share
IPO Price₹99 – ₹100
Lot Size1,100 shares

Financials

201820192020 Mar2020 Dec
Revenue from Ops₹343.57 Cr₹9,77.16 Cr₹1,324.3 Cr₹992.28 Cr
Profit before Tax₹128.52 Cr₹348.04 Cr₹487.42 Cr₹547.65 Cr
Profit after Tax114.13 Cr₹248.06 Cr₹378.83 Cr₹337.14 Cr

Comparison with listed industry peers

CompanyNAVPremium
Powergrid INvIT[●][●]
India Grid Trust113.4615.41%

Powergrid InvIT IPO Subscription – FAQs

1. How to apply for Powergrid InvIT IPO in Retail Category?

A: An investor in retail category may either apply through the UPI process via DEMAT account or the ASBA process via bank account

2. How to apply for Powergrid InvIT IPO in HNI Category?

A: An investor can apply in HNI category only through the ASBA process via bank account

3. Where can I find the Red Herring Prospects (RHP) details?A: You can visit the NSE or SEBI website for these details. Alternately you can click here: RHP

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