IndiGrid Infrastructure Trust share price target

IndiGrid is an InvIT focused on interstate transmission assets, though up to 25% of its AUM can be in state transmission, solar and storage

Q3FY18 net profit came in line with our estimate of Rs 688 mn aided by strong operational performance of Initial Portfolio Assets (IPA) with average availability at 99.9%. Net Distributable Cash Flow (NDCF) stood at Rs 1 bn with Dividend Per Unit (DPU) of Rs 2.9/unit paid as interest to unitholders.

Sponsor with strong track record: Low risk profile given a focused business model and minimal risks vs. other infra assets, High predictability of earnings with >32 years of concession life of projects, Value-accretive growth on a strong pipeline of ROFO assets, Downside protected with opt

Sterlite Power Grid Ventures has come out with an initial public offer (IPO) of India Grid Trust (IndiGrid), India's second infrastructure investment trust (InvIT). IndiGrid InvIT IPO has proposed a price band of | 98-100 per unit aggregating up to | 2,250 crore. The issue opens on May 17 and closes on May 19. It will be listed on both exchanges. Sponsor, Sterlite Power Grid Ventures, is one of the leading independent private sector power transmission companies operating across the country. It owns 11 inter-state transmission projects with a total network...

IndiGrid was established on Oct, 2016 by Sterlite Power Grid Ventures Limited (Sponsor) and is registered with SEBI pursuant to the InvIT Regulations. Sponsor is one of the leading independent power transmission companies operating in the private sector. Sponsor owns 11 inter-state power transmission projects with a total network of 30 po..

India Grid Trust Ltd. Issue Open: May 17?May 19 2017, Price Band: Rs. 98-100 per unit

Incorporated in 2016, IndiGrid InvIT Fund is an infrastructure investment trust (InvIT) established to own inter-state power transmission assets in India. They are focused on providing stable and sustainable distributions to their Unitholders. Sterlite Power Grid Ventures Ltd, sponsor of IndiGrid InvIT Fund is one of the leading independent power transmission companies operating in the private sector, with extensive experience in bidding, designing, financing, constructing and maintaining power transmission projects across India. The trust believes that they are well positioned to take advantage of the growth potential of India's power transmission industry given their financial position, support from Sponsor and the robust regulatory framework for power transmission in India. Company's sponsor owns 11 inter-state power transmission projects with a total network of 30 power transmission...