Description

IndiGrid Infrastructure Trust lists 2.59 crore new units at Rs. 168.77 on preferential basis to non-sponsors, effective November 14, 2025, with one-year lock-in period.

Summary

IndiGrid Infrastructure Trust (Scrip Code: 540565) has listed 2,59,82,092 new units on BSE effective November 14, 2025. These units were issued to non-sponsors on a preferential basis for cash consideration at Rs. 168.77 per unit. The allotment date was November 11, 2025, and all units are subject to a one-year lock-in period until November 14, 2026. The new units rank pari-passu with existing units.

Key Points

  • 2,59,82,092 new units listed and permitted to trade from November 14, 2025
  • Issue price: Rs. 168.77 per unit
  • Allotted to non-sponsors on preferential basis for cash consideration
  • Distinctive Numbers: 834558089 to 860540180
  • ISIN: INE219X23014
  • New units rank pari-passu with existing units
  • Complete lock-in on all new units until November 14, 2026

Regulatory Changes

No regulatory changes introduced by this circular.

Compliance Requirements

  • Trading members must note the listing of new securities effective November 14, 2025
  • All 2.59 crore units subject to mandatory one-year lock-in period
  • Units cannot be transferred or traded by allottees until lock-in expiry on November 14, 2026

Important Dates

  • Allotment Date: November 11, 2025
  • Listing Date: November 14, 2025 (Friday)
  • Lock-in Period Expiry: November 14, 2026

Impact Assessment

Market Impact: The preferential issue adds 2.59 crore units to IndiGrid’s outstanding unit capital, resulting in dilution for existing unitholders. The issue price of Rs. 168.77 per unit will serve as a reference point for valuation.

Operational Impact: The one-year complete lock-in on all new units prevents immediate selling pressure and provides stability to the unit price. The cash infusion from this preferential issue strengthens IndiGrid’s financial position for infrastructure investments.

Investor Impact: Existing unitholders face dilution from the preferential issue to non-sponsors. However, the ranking pari-passu status ensures new unitholders have equal rights to distributions and voting.

Impact Justification

Standard preferential allotment of units by infrastructure trust with modest dilution of approximately 2.6 crore units. Impacts existing unitholders through dilution but units are locked-in for one year.