8.20%India Grid Trust 06 May 2031
ISIN:
INE219X07264
Taxable
Tax Category
06 May, 2031
Maturity Date
(6 Yr 6 Mo 11 D to mature)
Yearly
Interest Payment Frequency
Yes
NRI Eligibility
06 May, 2021
Allotment Date
NA
Put Date
06 May, 2025
Next Interest Payment Date
15 days
Shut Period
Both
Active on NSDL/CDSL
Non-Guaranteed
Type of Guarantee
No
Perpetual
IPO
Mode of Issue
Listed
Listing Details
Non Public Sector Undertaking
Type of Issuer
Quote Not Available
Dirty Price
YOUR EARNING
Your Investment
Final Payout
₹0
Error Generating Cashflow 😥. We are looking into this.
*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)
YOUR RISK
Repayment Priority
Higher the level, higher the priority of investment repayment on default
Security with Collateral?
An investment secured with collateral helps
ISSUER
India Grid Trust
Incorporated in 2016, India Gris Trust (IGT) was originally sponsored by Sterlite Power Grid Ventures Ltd and as of September 2020, KKR has been inducted as the co-sponsor of the trust. All decisions pertaining to acquisition, divestment or enhancement of India Grid’s assets are taken by the investment manager, India Grid Investment Managers Ltd. India Grid completed its initial public offering and listing in May-17 and June-17, respectively.
In FY24 it is 13.87x compared to 7.17x in FY23. It indicates that the company’s debt is increasing due to increase in Interest on financial liabilities measured at amortized cost, which resulted in total increase in finance cost in FY24.
Debt/EBITDA
In FY24 it is 1.80x and in FY23 was 2.02x, indicating the decreased debt servicing ability of the issuer due to increase in finance cost.
Interest coverage ratio
Recent News
ReNew to sell 300 MW solar project to India Grid Trust for Rs 1550 crore
Mar 27, 2024 | India Grid Trust
IndiGrid plans to raise Rs 1,000 crore for acquisitions, debt rejig
Mar 27, 2024 | India Grid Trust
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