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2017-05-17 12:00 AM2017-05-19 12:00 AMAsia/KolkataIndiGrid InvIT Fund IPOIndiGrid InvIT FundIndia
IndiGrid InvIT Fund is an infrastructure investment trust which was initiated to own inter-state power transmission assets in India. The company will acquire two projects having a total network of 8 power transmission lines covering 1936 ckms across 4 states.
Date of establishment: IndiGrid InvIT Fund was established in 2016.
Product & Service Offering: IndiGrid InvIT Fund is focused on providing stable and sustainable distribution. The sponsor of the company is engaged in bid, finance, construction and maintenance of power transmission projects in India.
Promoters of IndiGrid InvIT Fund: Sterlite Power Grid Ventures Limited is the promotor of the firm.
Customer segment: The company offers its services to the unitholders.
Objects of the Issue:
The objects of the issue are: - Loan to BDTCL and JTCL for repayment of debt from banks - Repayment of short term, long term liabilities and capital expenditure creditors
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Reduced Brokerage Fee: Discount brokers charge a flat brokerage which is missing in case of full service brokers. Full service brokers usually charge %age brokerage and this incurs a lot of cost to an investors. So if any full service broker charge a brokerage of let say 0.03% then on a purchase of shares of worth of Rs 200,000 you end up paying Rs 600+ Taxes. In our case we charge a flat brokerage of Rs 20 + Taxes. Discount brokers therefore saves a lot of money of investors.
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