Page 10 - Index

PGInvIT IPO – Largest by an InvIT in India
A resounding success, PGInvIT IPO bucked the market trends to become one of the most successful IPOs and the largest by an InvIT, despite extremely challenging environment due to second wave of the pandemic.
Offer Size
Offer Structure
Fresh Issue
` 49,934.83 million
Offer for Sale
` 27,415.08 million
` 34,807.41 million Anchor Investors
` 23,204.94 million Other Institutional Investors
4.83 times (overall)
` 77,349.91 million
Distribution across investor categories
Offer Period
Offer Price
Subscription
` 100 per unit
Transaction
April 29, 2021 - May 3, 2021
` 90,999.92 million
May 14, 2021
GLOBAL RECOGNITIONS FOR THE PGInvIT IPO
Finalist
2021 S&P Platts Global Energy Awards Deal of the year (‘Financial’)
Trust Value at Offer Price
PGInvIT acquired 74% equity in each of the five SPV which form its initial portfolio assets; balance 26% shareholding to be transferred progressively. Sponsor continues to hold 15% of post-issue units.
` 104 Per Unit
Winner
Finance Asia Achievement Awards 2021 Deal of the year for Asia (‘Best of South Asia’)
Date of listing
Listed On
Institutional Investors: ` 58,012.35 million
Non-Institutional Investors: ` 19,337.56 million
Listing Price
National Stock Exchange (NSE) Bombay Stock Exchange (BSE)
8 Annual Report 2021-22