{"id":2961,"date":"2021-04-27T12:23:36","date_gmt":"2021-04-27T12:23:36","guid":{"rendered":"https:\/\/goldenpi.com\/blog\/?p=2961"},"modified":"2024-08-30T09:58:28","modified_gmt":"2024-08-30T09:58:28","slug":"indigrid-trust-ncd-ipo-should-you-invest-can-pay-using-upi","status":"publish","type":"post","link":"https:\/\/goldenpi.com\/blog\/essentials\/bond-market\/indigrid-trust-ncd-ipo-should-you-invest-can-pay-using-upi\/","title":{"rendered":"India Grid Trust NCD IPO – Should you invest? (can pay using UPI)"},"content":{"rendered":"
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<\/b>Yield up to 8.2%\u00a0 |\u00a0 Payment via UPI\u00a0 |\u00a0 Crisil AAA Rated secured bond<\/span><\/p>\n

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India\u2019s first listed power sector infrastructure investment trust, i.e., IndiGrid, is set to launch NCD-IPO. IPO will start on 28 April 2021 and closes on 5 May 2021.\u00a0 There will be six series of NCDs. Coupon ranges from 6.65 % p.a. To 8.2 % p.a. These NCDs are secured and redeemable in nature. They will be listed on the<\/span> Bombay Stock Exchange<\/span><\/a> and the <\/span>National Stock Exchange. <\/span><\/a>These NCDs have received a rating of AAA\u00a0 by India Ratings and CRISIL. Tenor can be 3years, 5 years, 7 years, or 10 years from the deemed date of allotment. The base issue size is RS. 100 Crores and can be extended up to Rs. 1000 Crores. Though IPO will be live up to 5 May, it may subject to early closure if oversubscribed.\u00a0<\/span><\/p>\n

If you are already holding bonds<\/a> of IndiGRid, then you are privileged. The present unitholders are entitled to receive an additional one-time incentive at the end of the first year. The incentive is directly proportional to the amount you invest in IPO. However, it will be between 0.05% to 0.20%.\u00a0<\/span><\/p>\n

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\n\n\n\n\n\n\n\n\n\n\n\n
Issuer<\/span><\/td>\nIndia Grid Trust<\/span><\/td>\n<\/tr>\n
Type of instrument\u00a0<\/span><\/td>\nSecured, Rated, Listed, Redeemable, Non-Convertible Debt Securities<\/span><\/td>\n<\/tr>\n
Listing<\/span><\/td>\nThe NCDs shall be listed on the BSE Limited (Stock Exchange) within six Working Days from the Issue Closing Date\u00a0<\/span><\/td>\n<\/tr>\n
Issue Size<\/span><\/td>\nBase size- Rs. 100 Crores (aggregating up to Rs. 1000 Crores)<\/span><\/td>\n<\/tr>\n
Issue Price\u00a0<\/span><\/td>\nRs. 1000 per NCD<\/span><\/td>\n<\/tr>\n
Minimum Investment\u00a0<\/span><\/td>\nRs. 10,000\u00a0<\/span><\/td>\n<\/tr>\n
Issue Opening Date\u00a0<\/span><\/td>\nApril\u00a0 28, 2021<\/span><\/td>\n<\/tr>\n
Issue Closing Date\u00a0<\/span><\/td>\nMay 5, 2021 (*with an option of early closure<\/span><\/td>\n<\/tr>\n
Mode of Application<\/span><\/td>\nASBA only<\/span><\/td>\n<\/tr>\n
Mode of Issuance\u00a0<\/span><\/td>\nDematerialized only\u00a0<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n

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