Taxable
Tax Category
06 May, 2031
Maturity Date
(6 Yr 2 Mo 24 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
8.2%
Coupon
Fixed Interest
Coupon Basis
NaN%
Current Yield
Error Generating Cashflow 😥. We are looking into this.
Repayment Priority
Higher the level, higher the priority of investment repayment on default
Security with Collateral?
An investment secured with collateral helps
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
Mar 27, 2024 | India Grid Trust
Mar 27, 2024 | India Grid Trust
Sep 02, 2024 | India Grid Trust
Select the number of units below
BOND VALUE DETAILS
Cashflow for INE219X07264 |
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Disclaimer: The actual dates and interest amounts can vary depending on Bank closures, holidays etc. Tax Deducted at Source (TDS) is applicable on interest receivable based on relevant tax regulations. You can avail TDS credit while filing your Income Tax Return (ITR). |
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Security Name |
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8.20% India Grid Trust 06 May 2031 |
Credit Rating |
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AAA Stable by IND AAA Stable by CRISIL |
Coupon Frequency |
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Yearly |
Face Value |
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₹1,000 |
Coupon |
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8.200000% |
YTM or YTC |
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YTM |
Maturity Date |
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06/05/2031 |
Security |
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Senior Secured |
No. of Bonds |
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1 |
Settlement Date |
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Principal Amount |
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₹NaN |
Accrued Interest |
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₹NaN |
Stamp Duty |
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₹0 |
Total Amount Payable |
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₹NaN |
Price |
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₹NaN |
Yield |
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% |
Year | Payment Date | Amount | Payout Type |
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Quote Not Available for purchase
Disclaimer: Investments in Debt Securities/ Municipal Debt Securities/ Securitised Debt Instruments are subject to risks including delay and/ or default in payment. Read all the Offer Related documents carefully.
Source: Issuer website, Rating Rationale, Issuer Annual Report, Information Memorandum and News from Google.