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Issue Open Date
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29-Apr-21
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Issue Closing Date
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03-May-21
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Application Money
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100
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Allotment Money
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Price Band
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99
-
100
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Minimium Application No.
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1100
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Issue Size (Shares)
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425425000
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Market Lot
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1
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Objective
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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Non-Institutional Investors
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193375600
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980362900
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5.06973423741155
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Qualified Institutional Buyers
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232049400
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1074378800
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4.62995724186316
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Retail Individual Investors
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Business Description
We are an InvIT set-up to own, construct, operate, maintain and invest as an infrastructure investment trust as permissible interms of the InvIT Regulations, including in power transmission assets in India. We were registered with SEBI as an InvIT onJanuary 7, 2021. Our Sponsor, Power Grid Corporation of India Limited, also acting in the capacity of our Project Manager, isa CPSE under the Ministry of Power, GoI and is listed on BSE and NSE. Our Sponsor was conferred with ‘Maharatna’ statuson October 23, 2019 by the GoI. As of March 31, 2019, our Sponsor was the third largest CPSE in terms of gross block as perthe Public Enterprises Survey 2018-19 issued by the GoI, Ministry of Heavy Industries and Public Enterprises, Department ofPublic Enterprises in February 2020 (“Public Enterprises Survey”). As of November 1, 2020, our Sponsor was the largestpower transmission company in India in terms of length of transmission lines measured in circuit kilometres (Source: CEA).As of August 31, 2020, our Sponsor’s share in India’s cumulative inter-regional power transfer capacity was more than 85%(Source: CEA). Further, for Fiscal 2020, our Sponsor’s share in the transmission charges for ISTS billed by the CTU is over85% (Source: POWERGRID). According to the World Bank, our Sponsor was internationally the third largest transmissionutility as of October 25, 2019 (Source: www.worldbank.org/en/country/india/overview#3). Our Sponsor has been ranked the‘Fastest Growing Electric Utility’ in the ‘Asia/Pacific Rim’ region for seven successive years since 2014 based on compoundgrowth rate according to Platts Top 250 Global Energy Company Rankings® and is the only Electric Utility to feature in theTop 50 Fastest Growing Energy Companies list since 2014.
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Promoter's Holding
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Total Share Capital
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53117212
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Offered to Public
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Promoter's Holding (Pre-Issue)
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77.14
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Promoter's Holding (Post-Issue)
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Address |
B-9
Qutab Institutional Area
Katwaria Sarai
New Delhi,
Delhi,
110016
Phone : 011 26560121
Email : investors@putl.in
Website : www.putl.in
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Registrar |
Link Intime India Pvt Ltd.
C 101
247 Park
LBS Marg
Vikhroli (West)
Mumbai
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Listed at |
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BSE, NSE
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Lead Manager |
Axis Capital Ltd.
Edelweiss Financial Services Ltd
IIFL Securities Ltd.
SBI Capital Markets Ltd
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Promoters |
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