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Issuer India Grid Trust
Instrument Secured, Rated, Listed, Redeemable Non-Convertible Debt Securities
Issuance Schedule* The Tranche-I issue shall be open from Wednesday, 28th April 2021 to Wednesday, 5th May 2021
Tranche-I Issue Size Base Issue size of Rs 100 Crore with an option to retain oversubscription up to Rs 900 Crore aggregating up to Rs 1,000 crore being the Shelf Limit. 
Face Value Rs 1,000/-
Minimum Application Size Rs 10,000/- ( 10 NCDs) thereafter  in multiples of Rs 1,000/-(1 NCD) for all Options of NCDs.
Credit Rating “AAA/Stable” by CRISIL & India Ratings and Research
Issuance and Trading of NCDs Compulsorily in dematerialised form.
Allotment First Come First Serve Basis

 

India Grid Trust Tranche I NCD

Application Form

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ISSUE STRUCTURE – BUCKET DETAILS

Category

I – Institutional (“QIB”)

II – Non Institutional (“Corporates”)

II – High Networth Individual (“HNI”)

(Amount aggregating to above Rs 10 lakh)

II – Retail Individual (“Retail”)

(Amount aggregating up to and  including Rs 10 lakh)

Category Allocation 10% of the overall Issue Size. 10% of the overall Issue Size. 40% of the overall Issue Size. 40% of the overall Issue Size.
Bucket Size (Rs) assuming Issue size of  Rs 1,000 Cr

Rs 100 Cr

Rs 100 Cr

Rs 400 Cr

Rs 400 Cr

 

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ISSUE STRUCTURE
Option/Series I II III IV V VI
Nature of NCDs Secured Rated Listed Redeemable Non-Convertible
Tenor 3 Years 5 Years 7 Years 10 Years
Interest Frequency Annual Annual Annual Quarterly Annual Quarterly
Base Coupon Rate (% p.a.) for :
Category I, & II 6.65% 7.45% 7.70% 7.49% 7.95% 7.72%
Category III & IV 6.75% 7.60% 7.90% 7.69% 8.20% 7.97%
Effective Yield (% p.a.) for :
Category I & II 6.64% 7.45% 7.69% 7.69% 7.95% 7.95%
Category III & IV 6.74% 7.60% 7.89% 7.91% 8.20% 8.21%
Amount (Rs / NCD) on Maturity for ^ :
Category I, II, III & IV Rs 1,000/- Rs 1,000/- Rs 1,000/- Rs 1,000/- ₹ 1,000/- ₹ 1,000/-

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