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Why Subscribe to PGInvIT IPO

The POWERGRID Infrastructure Investment Trust (PGInvIT), sponsored by Power Grid Corporation of India Ltd. (PGCIL), was set up with the objective to own, construct, operate, maintain and invest as an infrastructure investment trust.

The Initial Portfolio Assets (IPA) consist of five projects with a total network of 11 power transmission lines of ~3,698.59 ckm and three substations having 6,630 MVA of aggregate transformation capacity, across five states in India.

PGInvIT derives revenues from transmission charges under long term Transmission Service Agreements (TSAs, fixed for 35 years from Scheduled COD) resulting in minimal price risk, stability, consistent cash flows and long term visibility.

Strong financial position; significant room to fund future acquisitions.

PGInvIT has been given a provisional rating of AAA by ICRA and CRISIL and AAA by CARE

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Issue highlights

Issue Opens on 29-Apr-21
Issue Closes on 03-May-21
IPO Price Bank ₹ 99 - ₹ 100 per share
Issue size ₹ 7,735 Cr
IPO Lot Size 1,100 Shares
Listing on Bombay Stock Exchange & National Stock Exchange
Institutional 75%
Non Institutional 25%


To apply for the IPO kindly follow the below mentioned steps

Customer to download the form from below link - https://appserver.indiainfoline.com/ncd/IIFLBondBrokerID.aspx?id=IIFL

Customer to fill the application with proper Bank details & duly signed & submit to RM

Kindly fill the complete details in the Acknowledgement copy as well in the application form.

RM to bid the application through IWIN

After completion of bidding, RM to generate the acknowledgement number and mention the same above the application form

Form to be submitted in the Bank as per the Bank matrix

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