PowerGrid invIT IPO GMP, Grey Market Premium & Kostak Rates 2021

PowerGrid invIT IPO GMP

The PowerGrid invIT IPO GMP has been closed and is Total Subscribed 4.83x times with 4.16x times Subscribed by QIB and 4.92x times Subscribed by NII. PowerGrid invIT IPO grey market premium Kostak rate and Subject to Sauda Not updated at Current time. PowerGrid IPO GMP will be updated soon we will receive the grey market premium rates for the PowerGrid invIT IPO.

PowerGrid InvIT IPO Issue size of 7734.99 Crores, in which Fresh Issue of 4993.48 crores and offer for sale of 2741.51 Crores and issue price band has been fixed at Rs 90 – 100 per unit. The PowerGrid IPO to be listed Soon on NSE and BSE.

PowerGrid invIT IPO GMP, Kostak,& Subject to Sauda :

DateGMPKostakSubject
16 May 2021
15 May 2021
14 May 2021₹0₹0₹0
13 May 2021₹0₹0₹0
12 May 2021₹0₹0₹0
11 May 2021₹0₹0₹0
10 May 2021₹0₹0₹0
9 May 2021₹0₹0₹0
8 May 2021₹0₹0₹0
7 May 2021₹0₹0₹0
6 May 2021₹0₹0₹0
5 May 2021₹0₹0₹0

PowerGrid InvIT IPO Subscription Status :

The total subscription to PowerGrid InvIT IPO has been subscribed 4.83x times so far, with QIB subscribed 4.63x and NII subscribed 4.92x times

DateQIBNIITotal
29 Apr0.03x0.17x0.10x
30 Apr0.38x0.83x0.61x
3 Apr4.63x4.92x4.83x

PowerGrid InvIT IPO Shares Offer :

A total of 425,425,000 shares are to be bid for the public issue by PowerGrid InvIT IPO with 232,049,400 for QIB and 193,375,600 for NII.

CategoryShares Offers
QIB :232,049,400
NII :193,375,600
Total :425,425,000

PowerGrid InvIT IPO Date & Price Band & Details :

IPO Open :29 Apr 2021
IPO Close :3 May 2021
IPO Size :7734 .99 Cr
Face Value :₹ Rs. Equity Share
Price Band :99 – 100 Per Share
Listing On :BSE, NSE
Issue Size :7734.99 Cr
Fresh Issue :4993.48 Cr
Offer For Sale :2741.51 Cr

PowerGrid InvIT IPO Market Lot :

Minimum Lot Size :1 Lot
Minimum Amount :110,000
Minimum Shares :1100 Share
Maximum shares:1100 Share

PowerGrid InvIT IPO Dates :

Allotment Date :10 May 2021
Refund Date :11 May 2021
Share Credit Date :11 May 2021
Listing Date :17 May 2021

About PowerGrid Company :

PowerGrid Corporation of India Limited (POWERGRID), is an Indian government electricity board and a Maharastra Public Sector Undertaking owned by the Ministry of Power, Government of India which is headquartered in Gurugram, India, and engaged mainly in Transmission of Power. PowerGrid transmits about 50% of the entire power generated in India on its transmission network.

Its former subsidiary, power grid Operation Corporation Limited (POSOCO) handles power management for National Grid and every one state transmission utilities. POWERGRID also operates a telecom business under the name POWERTEL. Shri Kandikuppa Sreekant is the Chairman and director of the corporate.
Power Grid Corporation of India Limited (POWERGRID) was incorporated on 23 October 1989 under the businesses Act, 1956 with a licensed share capital of Rs. 5,000 Crore (subsequently enhanced to Rs. 10,000 Crore in fiscal year (FY) 2007–08) as a public Ltd., wholly owned by the govt of India.

Its original name was the ‘National Power Transmission Corporation Limited, and it had been charged with planning, executing, owning, operating, and maintaining high-voltage transmission systems within the country. On 8 November 1990, the National Power Transmission Corporation received its Certificate for Commencement of Business. Their name was subsequently changed to power system Corporation of India Limited, which took effect on 23 October 1992.

Powergrid started working on a management basis with effect from August 1991 and subsequently, it took over transmission assets from NTPC, NHPC, NEEPCO, NLC, NPC, THDC, SJVNL, etc. during a phased manner and it commenced commercial operation in 1992–93. additionally, to the present, it also took over the operation of existing Regional Load Despatch Centers (RLDCs) from Central Electricity Authority (CEA), during a phased manner from 1994 to 1996, which are upgraded and modernized with State-of-the-art Unified Load Despatch and Communication (ULDC) schemes. Consequently, National Load Despatch Centre (NLDC) was established in 2009 for overall coordination at the National level.

According to its mandate, the corporation, aside from providing transmission for evacuation of central sector power, is additionally liable for the Establishment and Operation of Regional and National Power Grids to facilitate the transfer of power within and across the Regions with Reliability, Security, and Economy on sound commercial principles. supported its performance POWERGRID was recognized as a Mini-Ratna Category-I Public Sector Undertaking in October 1998. it’s conferred with the status of “Navratna” by the govt of India in May 2008 and “Maharatna” status in October 2019. POWERGRID, because the Central Transmission Utility of the country, is playing a serious role within the Indian Power Sector and is additionally providing Open Access to its inter-State transmission.

PowerGrid invIT IPO GMP FAQs :

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PowerGrid invIT IPO GMP, Grey Market Premium & Kostak Rates 2021
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