Minimum Bid Lot will be
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10,206 Units and in multiples of 5,103 Units thereafter.
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Company
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India Grid Trust InvIT Fund
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Profile
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India Grid Trust, an infrastructure investment trust (“InvIT”) established to own inter-state power transmission assets in
India. IndiGrid was established on October 21, 2016 by its Sponsor, Sterlite Power Grid Ventures Limited, and is registered with SEBI pursuant to the InvIT Regulations. The Sponsor is one of the leading independent power transmission companies operating in the private sector, with extensive experience in bidding, designing, financing, constructing and maintaining power transmission projects across India.
Company is focused on providing stable and sustainable distributions to its Unitholders. Company believe that they are well positioned to take advantage of the growth potential of India‘s power transmission industry given its financial position, support from its Sponsor and the robust regulatory framework for power transmission in India.
Company intend to distribute at least 90% of its net cash available for distribution to its Unitholders once at least every six months in every financial year.
IndiGrid has been given a Corporate Credit Rating AAA by CRISIL, ‗IND AAA‘/Stable by India Ratings and ―IrAAA‖ (pronounced as IR triple A) with stable outlook by ICRA.
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Offer Period
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Opens On : Wednesday, May 17, 2017
Closes On : Friday, May 19, 2017
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Offer Document:
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Sponsor
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Sterlite Power Grid Ventures Limited
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Trustee
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Axis Trustee Services Limited
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Investment Manager
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Sterlite Investment Managers Limited
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BRLM:
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Morgan Stanley India Company Private Limited, Citigroup Global Markets India Private Limited & Edelweiss Financial Services Limited
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Price Band
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Rs.98/- to Rs.100/- per unit
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Bid Lot
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10,206 Units and in multiples of 5,103 Units thereafter.
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Issue Size in Rs.
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Rs. 2,250 crs.
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Investor Bucket*
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75% for Institutional Investors of which (60% can be allotted to anchor investors) Rs.1,687.5 crs
25% for Non Institutional Investors Rs.562.5 crs
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Minimum Application
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Rs. 10,20,600/- @ upper band
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Trading Lot**
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Rs. 5 Lakhs
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Mode of Payment
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ASBA Mandatory (No Cheques will be accepted)
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Registrar
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Karvy Computershare Private Limited
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Listing
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NSE and BSE
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*Anchor bidding will be on 16th May 2017 Tuesday.
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