131/- is the pref allotment , nothing for retail unit holders.
Shows strength of Management to issue at this high price.
@Vego could you please describe how does this show the strength of management when the issue is below market price? How is the price high in this case
Thanks much in advance
If the units of an InVit are not frequently traded, the price determined by the InVit
shall take into account the NAV of the InVit based on a full valuation of all existing at that time.
No discount given here for Pref Allotment, plus the List of well known Allottees
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Renew Solar acquisition completion
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IndiGrid wins two Inter-state transmission projects with over INR 1,000 Cr capex
With these 2 developments, there is a minor uptick in price in the last few days.
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i for one do not trust wind/solar gen projection nbrs. smart move by them considering plf of wind generation
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Wind has a better plf of 35 and offshore can have upto 50, plus the material can be 100%recycled ,it’s the counterparty guarantee that makes it difficult to get predictable cash flows
Declaration of Q3 FY24 distribution of INR 3.55 per unit comprising INR 2.9510 per unit in the form of Interest and INR 0.5621 per unit in the form of Capital repayment and INR 0.0369 in the form of Other Income.
The record date for this distribution will be January 31, 2024, and payment will be made on or before February 09, 2024.
The slight uptick in Distribution is as per the projects earlier
NAV is 130.05, a tad lower than the 132 before
Investor presentation
As always, I was curious to look, where the distribution will be in future. Page 16, is pointing to a march to 15, in coming quarters !! I hope that the acquisitions play out
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Rating update.
https://www.crisil.com/mnt/winshare/Ratings/RatingList/RatingDocs/IndiaGridTrust_February%2009,%202024_RR_337088.html
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Road show for Investors at Pune on 27th March 2024, acquisition of Battery Storage Unit
Indiagrid.pdf (1.6 MB)
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Few days back I received an email from Indigrid with subject titled “Information required for TDS rate ascertainment by India Grid Trust”.I am individual investor who is residing in India. In the email, it has mentioned details for non resident and for residents. But I am not sure what documents needs to be submitted for this. I request members to kindly guide.
Indigrid Q4 results came out yday, post market
Results
Investor presentation
My quick 2 cents without a detailed look…DPU has remained the same as last Qtr, 3.55 and more taxable, but the projection for the full year, next year is 3.75/Qtr. Profits came down steeply due to maintenance cost increase
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Q1 FY25 results came out 5 minutes ago. Will take a deeper look later.
The only trust, they kept our trust is what I want to say - DPU is 3.75 vs 3.55 previous qtr and they walked the talk on higher DPU
The yield table below gives the values, if you had bought at closing price of today 8/8 (all the Q1 numbers are updated to reflect the latest DPU additions…as always, I calculate these based on running 4 Qtr numbers
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Hi All - Could someone with experience with OFS processes advise what’s the best strategy to apply for the OFS? Indigrid’s OFS is being carried out over two separate windows today and tomorrow: today for non-retail only, and tomorrow for retail & non-retail.
Is it better to apply in two lots, today and tomorrow?
Will allocations be done to all bidders at the same price finally? The OFS document says that “the allocation shall be at or above the Floor Price (defined below) on a price priority basis at multiple clearing prices in accordance with the OFS Guidelines, except in case of Retail Investors who shall have an option to bid at the Cut – off Price (defined below).”
If I place bids at, say, Rs. 134, and if most people place at 132, will I also finally get the units at 132?
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Sir,Lot size(qnty)not mentioned in OFS page…
OFS is a corporate action, where retailers can apply on the second day of OFS and retailers has a reservation upto 10% of the total shares available in OFS. There’s will not be any lot size you as much as your wish, below 2 lakhs. So max limit under retail category is 200000/ bid price. It should be noted that bid price should be higher than Floor price.
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On further research, found the following resources online:
I plan to place 3-4 bids before 15:30 IST today, at intervals of 50-100 paise. Will see how the prices settle in the exchanges before taking a call on the specific prices.
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