Power Grid InvIT IPO - Stable Distributable Cash Flow: IDBI Capital

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IDBI Capital Report

Power Grid Corporation of India Ltd. is commencing its asset monetisation drive by infrastructure investment trust mechanism from April 29 to May 03, 2021.

InvIT offer size of Rs 77.3 billion is priced at Rs 99,100/unit.

Power Grid, acting as a sponsor, has transferred 11 operational power transmission lines with asset under management of Rs 72 billion to Power Grid InvIT.

All the 11 assets have annuity-like revenue with transmission line availability of 98% plus.

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