India Grid Trust - Initial Public Issue of Units to open on May 17

10 May 2017

India Grid Trust proposes to open on May 17, 2017, an initial public issue of its Units for cash at a Price Band per Unit of Rs.98 to Rs.100, aggregating up to Rs. 22,500 million.
Bids can be made for a minimum of 10,205 Units and in multiples of 5,103 Units thereafter. The Bid/ Issue Closing Date is May 19, 2017. The Anchor Investor Bid/Issue Period shall be one Working Day prior to the Bid/Issue Opening Date; i.e., May 16, 2017. Minimum Bid size for Bidders other than Anchor Investors is Rs. 1 million (Rs. 10 lakh).
The Initial Public Issue is in reliance upon Regulation 14(4) of the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014, as amended, including any circulars and rules issued thereunder (the “InvIT Regulations”). This Issue will constitute at least 25% of the outstanding Units of IndiGrid on a post-Issue basis.
IndiGrid has been given the Corporate Credit Rating of AAA/Stable by CRISIL, “IrAAA” with stable outlook by ICRA and IND “AAA”/ Stable by India Ratings. (EOIC)