Name: Latest research reports of IRB InvIT Fund authored by IDBI Capital and published by - Trendlyne research reports.
Item: IRB InvIT Fund
Rating: 3
Author: IDBI Capital

IRB InvIT Fund

NSE: IRBINVIT | BSE: 540526 | ISIN: INE183W23014 | Industry: REITs-InvITs
| Mid-range Performer

54.1200 -0.03 (-0.06%)

NSE Apr 21, 2025 15:31 PM

52W Low on Mar 28, 2025

Volume: 593.8K

IRB InvIT Fund

28 Apr 2021

54.12

-0.06%

Powergrid Corporation (PWGR) is commencing its asset monetization drive by Invit mechanism from 29th April to 3rd May. Invit offer size of Rs77.3bn is priced at Rs99100/unit. PWGR acting as a sponsor has transferred 11 operational power transmission line with an AUM of Rs72bn to Powergrid Invit (POVIT). The entire 11 asset has annuity like revenue with transmission line availability of 98%+. POVIT entails annual net distributable cash flow (NDCF) of Rs10-10.6bn to unit holders over FY22-24. This implies an attractive yield of 11-11.5% versus Indigrid (Sterlite Sponsor) trading at 9.5-10%. For growth in NDCF, POVIT aims to a) acquire remaining 26% stake of the SPV from PWGR, and...

IRB InvIT Fund is trading below its 50 day SMA of 54.3

IRB InvIT Fund

Powergrid InvIT: IPO Note