PowerGrid InvIT IPO GMP Today, Review, Share Price, Dates, and more

PowerGrid Infrastructure Investment Trust is here with its 7734 Crore IPO. Get to know its GMP Today, Review, Share Price, Dates, and other insights.

by FighterMan Updated: 17 May, 2021, 14:35 IST
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The PowerGrid Infrastructure Investment Trust(InvIT) is here with its IPO. It is the 18th Indian IPO to launch this year(2021). It is a Rs 7734 Crore IPO which makes it one of the biggest sized IPO of 2021. The fresh issue shares are amounting to Rs 4993 crores while offer for sale is worth Rs 2741 of equity shares. It can be a good IPO to invest in and make some money. Now, let's checkout its GMP Today, Review, Share Price, Important Dates, and more.

PowerGrid InvIT IPO
PowerGrid InvIT IPO Important Dates

The PowerGrid InvIT IPO process will go on for around 20 days. Check all the Important Dates below so that you don’t miss out on any event.

Open Date

29th April

Close Date

3rd May

Allotment Date

10th May

Refund Date

11th May

Shares into Demat Account Date

11th May

Listing Date on BSE and NSE

17th May

PowerGrid InvIT IPO Share Price

The PowerGrid InvIT IPO is available at a price band of Rs 99-100 per equity share. Therefore, its price is lower than expected.

Related Read: Shyam Metalics IPO Share Price, Dates, GMP Today and more

Today’s GMP of PowerGrid InvIT IPO

The PowerGrid InvIT IPO is trading with a good premium in the grey market. Its Today’s GMP is Rs 100 (unofficial) per equity share. As it progresses ahead, speculations are that its GMP will increase more.

PowerGrid Infrastructure Investment Trust IPO Lot Size

The lot size of PowerGrid Infrastructure Investment Trust IPO is 1 lot per individual retail investor. Here, 1 lot consists of 1100 shares. Therefore, you need to make a minimum investment of Rs 1,10,000 to get a place in this IPO.

How many times is PowerGrid InvIT IPO Subscribed?

The PowerGrid InvIT IPO is subscribed 0.10 times or 10% as of 29th April, 17:00 (IST) as per NSE. It will be interesting to see how many retail individual investors turn out for it as the IPO progresses.

PowerGrid InvIT IPO Review: Subscribe or Not?

The PowerGrid Infrastructure Investment Trust (InvIT) is into the working of power transmission assets in India. It is sponsored by Power Grid Corporation of India Limited (PGCIL) which is the largest power transmission company in India.

PowerGrid InvIT’s Strong Financial Numbers

CAGR (revenue growth)

96.3%

EBITDA

95.8%

CAGR (adjusted profit growth)

82.2%

Many brokerage firms have described PowerGrid InvIT IPO as a good one. Moreover, its sponsors have their base roots super established. In addition, its strong financials are commendable. The cash flow of this company is also good. Besides, we all know that the power transmission business is never going to go away. It is also supported by an experienced & proven investment manager. Therefore, we give a thumbs up to this IPO. The only issue here might be the huge amount of investment which many small investors can’t afford, but as they say “without risk there is no reward”.

Will you subscribe to PowerGrid InvIT IPO or give it a skip? You can share your views with us and the entire community in the comments below.

Disclaimer: We are not SEBI registered. The information provided herein is for education purposes only. We will not be responsible for any of your profit/loss with this channel's suggestion. Consult your financial advisor before making any decision.

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Deal Lieutenant Deal Lieutenant

…corona cases are rising …market can be volatile….

…add to it the size of money you need to invest….more than 1 lakh….

…Plus we can buy good attractive stocks from sec. market which can give better returns….

…My view is..for retail investors…sit on cash….

Deal Newbie Deal Newbie
still_guessing wrote:

…Plus we can buy good attractive stocks from sec. market which can give better returns….

Where do you suggest investing? Any good stocks?

Deal Cadet Deal Cadet
still_guessing wrote:

…corona cases are rising …market can be volatile….

…add to it the size of money you need to invest….more than 1 lakh….

…Plus we can buy good attractive stocks from sec. market which can give better returns….

…My view is..for retail investors…sit on cash….

Market is sustaining between 14400-14800(taking nifty).
Reason: initially FII squared off their positions, thinking of lockdown but when they saw no lockdown situation, they maintained the position again (you can see it from 14200-14800 recently). Here, the buyers-sellers are moving the market between 14400-800-900 because their is neither support of buying nor selling. Simple thinking, if I would say do u sell/buy at this position? You say no unless a news which can amplify the market completely.

replyuser