Description
NSE lists 25,982,092 new units of IndiGrid Infrastructure Trust issued through preferential allotment at Rs. 168.77 per unit, effective November 14, 2025 with one-year lock-in period.
Summary
NSE has approved the listing of 25,982,092 new units of IndiGrid Infrastructure Trust (Series IV) issued through preferential allotment. The units were allotted on November 11, 2025 at an issue price of Rs. 168.77 per unit and will commence trading on November 14, 2025. The units carry a lock-in period expiring on November 14, 2026 and are pari passu with existing units.
Key Points
- Total Units Listed: 25,982,092 units (Series IV)
- Issue Price: Rs. 168.77 per unit
- Allotment Date: November 11, 2025
- Trading Commencement: November 14, 2025
- ISIN: INE219X23014 (permanent ISIN after activation)
- Distinctive Number Range: 834558089 to 860540180
- Status: Pari passu with existing units
- Lock-in Period: One year from listing date (expires November 14, 2026)
- Mode of Issue: Preferential allotment
- Trading Symbol: INDIGRID
Regulatory Framework
- Issued under Regulation 3.1.1 of NSE (Capital Market) Trading Regulations Part A
- Lot size specified under Regulation 2.5.5 of NSE (Capital Market) Trading Regulations Part A
- Temporary ISIN (IN8*********) allocated as per SEBI circulars CIR/MRD/DP/21/2012 (August 02, 2012) and CIR/MRD/DP/24/2012 (September 11, 2012)
- Units issued in dematerialized mode only
Compliance Requirements
- Trading members must use designated security codes for trading these units
- Units must be traded in specified lot sizes as per NSE regulations
- Lock-in restrictions apply until November 14, 2026
- Units credited under temporary ISIN until activation of permanent ISIN INE219X23014
Important Dates
- Allotment Date: November 11, 2025
- Listing/Trading Commencement: November 14, 2025
- Circular Effective Date: November 14, 2025
- Lock-in Expiry: November 14, 2026
Impact Assessment
Market Impact: This preferential issue represents a significant expansion of IndiGrid’s unit capital. The one-year lock-in period suggests participation by strategic or institutional investors, which may be viewed positively for long-term stability. However, existing unitholders will experience dilution.
Liquidity Impact: The addition of 25.98 million units will increase the total outstanding units, potentially improving trading liquidity post lock-in expiry.
Investor Considerations: The issue price of Rs. 168.77 per unit provides a reference point for valuation. Investors should note that these units are pari passu with existing units, carrying equal rights and privileges. The lock-in period prevents immediate selling pressure from allottees.
Impact Justification
Significant preferential issue of 25.98 million units representing material dilution for existing unitholders, with one-year lock-in period indicating strategic investor participation.