Description

IndiGrid Infrastructure Trust has listed 92,024,539 new units allotted to QIBs through Qualified Institutional Placement at Rs. 163 per unit, effective January 27, 2026.

Summary

BSE has announced the listing and admission to trading of 92,024,539 new units of IndiGrid Infrastructure Trust (Scrip Code: 540565). These units were allotted to Qualified Institutional Buyers (QIBs) pursuant to a Qualified Institutional Placement (QIP) at an issue price of Rs. 163 per unit. The new units will rank pari-passu with existing units and will commence trading on January 27, 2026.

Key Points

  • 92,024,539 new units issued through Qualified Institutional Placement
  • Issue price fixed at Rs. 163 per unit
  • Units allotted exclusively to Qualified Institutional Buyers (QIBs)
  • New units rank pari-passu with existing units
  • Distinctive Numbers: 860540181 to 952564719
  • Scrip Code: 540565
  • Total capital raised: Approximately Rs. 1,500 crores

Regulatory Changes

No regulatory changes announced in this circular. This is a routine listing notification following successful completion of a QIP.

Compliance Requirements

  • Trading members should note the listing of new units for trading purposes
  • Standard trading and settlement procedures will apply to the new units
  • For clarifications, trading members may contact Ms. Kirti Deshpande (Tel: 022 2272 5611)

Important Dates

  • Allotment Date: January 22, 2026
  • Trading Commencement Date: January 27, 2026 (Tuesday)
  • Notice Date: January 23, 2026

Impact Assessment

Market Impact: The listing of approximately 92 million new units represents a significant capital raise through QIP for IndiGrid Infrastructure Trust. This will increase the free float of units and may initially create supply pressure. However, since the allotment is to QIBs (institutional investors), the impact is likely to be measured and orderly.

Operational Impact: Trading members need to update their systems to reflect the expanded unit base. The new units being pari-passu with existing units means no differential treatment is required for corporate actions or dividends.

Investor Impact: Existing unitholders will experience dilution proportional to the new issuance. The QIP pricing at Rs. 163 per unit provides a reference point for current valuation. The capital raised will likely be deployed in infrastructure projects, potentially enhancing long-term value for the InvIT.

Impact Justification

Significant QIP allotment representing capital raising by IndiGrid Infrastructure Trust. Medium impact due to substantial number of new units being listed, which may affect trading volumes and unit price dynamics.