PGINVIT
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Recent events
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Corporate Actions
KKR-backed Vertis hires three banks for India IPO, to seek approval by December, sources say
Many infrastructure investment trusts eye India IPOs
Vertis plans to raise up to $568 million via an Indian IPO
It has tapped three investment banks for the offering
Vertis targeting Q1 2026 as listing date, source says
By Vibhuti Sharma and Aditya Kalra
MUMBAI Oct 29 (Reuters) - KKR-backed Vertis Infrastructure Trust in India has selected Axis Capital and two other investment banks to manage its up to $568 million Indian initial public offering, investment banking sources said.
They said the company planned to seek regulatory approval for the offering before December.
A planned IPO for Vertis comes as Indian markets are trading near record highs. Companies have raised $16 billion so far this year via India's public markets, making it the world's third-largest market for debuts, according to Dealogic.
Vertis Infrastructure Trust, which is also backed by the Ontario Teachers' Pension Plan, is a so-called InvIT, or an infrastructure investment trust. These are schemes that allow investors to pool funds into income-generating infrastructure projects.
Vertis' plans to raise up to $568 million via an IPO have been previously reported. But three sources familiar with Vertis' plans told Reuters it is planning to file papers seeking regulatory clearance within weeks, before the end of December.
The sources added that India's Axis Capital, Ambit Capital and Avendus Capital were the three bankers appointed for the deal.
Vertis and the investment banks did not respond to requests for comment.
The company's current target for listing is the second quarter of 2026, one of the banker sources said.
Many private infrastructure investment trusts are seeking to go public on India's stock exchanges in an effort to broaden their investor bases and enhance liquidity for existing stakeholders.
India currently has 27 InvITs, but only six are publicly listed. Vertis Infrastructure Trust manages assets worth around $3 billion, according to its website.
(Reporting by Vibhuti Sharma in Mumbai and Aditya Kalra in New Delhi; Additional reporting by Vivek Kumar M in Bengaluru; Editing by Thomas Derpinghaus)
(([email protected];))
Many infrastructure investment trusts eye India IPOs
Vertis plans to raise up to $568 million via an Indian IPO
It has tapped three investment banks for the offering
Vertis targeting Q1 2026 as listing date, source says
By Vibhuti Sharma and Aditya Kalra
MUMBAI Oct 29 (Reuters) - KKR-backed Vertis Infrastructure Trust in India has selected Axis Capital and two other investment banks to manage its up to $568 million Indian initial public offering, investment banking sources said.
They said the company planned to seek regulatory approval for the offering before December.
A planned IPO for Vertis comes as Indian markets are trading near record highs. Companies have raised $16 billion so far this year via India's public markets, making it the world's third-largest market for debuts, according to Dealogic.
Vertis Infrastructure Trust, which is also backed by the Ontario Teachers' Pension Plan, is a so-called InvIT, or an infrastructure investment trust. These are schemes that allow investors to pool funds into income-generating infrastructure projects.
Vertis' plans to raise up to $568 million via an IPO have been previously reported. But three sources familiar with Vertis' plans told Reuters it is planning to file papers seeking regulatory clearance within weeks, before the end of December.
The sources added that India's Axis Capital, Ambit Capital and Avendus Capital were the three bankers appointed for the deal.
Vertis and the investment banks did not respond to requests for comment.
The company's current target for listing is the second quarter of 2026, one of the banker sources said.
Many private infrastructure investment trusts are seeking to go public on India's stock exchanges in an effort to broaden their investor bases and enhance liquidity for existing stakeholders.
India currently has 27 InvITs, but only six are publicly listed. Vertis Infrastructure Trust manages assets worth around $3 billion, according to its website.
(Reporting by Vibhuti Sharma in Mumbai and Aditya Kalra in New Delhi; Additional reporting by Vivek Kumar M in Bengaluru; Editing by Thomas Derpinghaus)
(([email protected];))
India proposes to widen institutional investment in REITs and InvITs
Aug 1 (Reuters) - India's markets regulator on Friday proposed allowing foreign investors and qualified institutional buyers to participate as strategic investors in Real Estate Investment Trusts and Infrastructure Investment Trusts, a move aimed at boosting capital inflows into these sectors.
Strategic investors receive allocation before an issue opens, and are required to invest at least 5% and up to 25% of the total offer size in REITs and InvITs.
The Securities and Exchange Board of India said that the current definition of strategic investors is narrow and does not include investors including public financial institutions, insurance funds, provident funds, and pension funds, which also invest in units of REITs and InvITs.
This results in REITs and InvITs being unable to attract capital from them as strategic investors, SEBI said.
The regulator, in a consultation paper, said that foreign investors, except individuals, body corporates and family offices, can invest as strategic investors.
SEBI has sought comments on the proposals by August 22.
(Reporting by Nishit Navin; Editing by Sonia Cheema)
(([email protected];))
Aug 1 (Reuters) - India's markets regulator on Friday proposed allowing foreign investors and qualified institutional buyers to participate as strategic investors in Real Estate Investment Trusts and Infrastructure Investment Trusts, a move aimed at boosting capital inflows into these sectors.
Strategic investors receive allocation before an issue opens, and are required to invest at least 5% and up to 25% of the total offer size in REITs and InvITs.
The Securities and Exchange Board of India said that the current definition of strategic investors is narrow and does not include investors including public financial institutions, insurance funds, provident funds, and pension funds, which also invest in units of REITs and InvITs.
This results in REITs and InvITs being unable to attract capital from them as strategic investors, SEBI said.
The regulator, in a consultation paper, said that foreign investors, except individuals, body corporates and family offices, can invest as strategic investors.
SEBI has sought comments on the proposals by August 22.
(Reporting by Nishit Navin; Editing by Sonia Cheema)
(([email protected];))
Powergrid Infrastructure Investment Trust Dec-Quarter Consol Net Profit 1.95 Billion Rupees
Jan 22 (Reuters) - POWERGRID Infrastructure Investment Trust POWG.NS:
DEC-QUARTER CONSOL NET PROFIT 1.95 BILLION RUPEES
DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 3.2 BILLION RUPEES
DECLARATION OF DISTRIBUTION OF 3 RUPEES PER UNIT FOR QUARTER
Source text: ID:nNSE7TWfsr
Further company coverage: POWG.NS
(([email protected];))
Jan 22 (Reuters) - POWERGRID Infrastructure Investment Trust POWG.NS:
DEC-QUARTER CONSOL NET PROFIT 1.95 BILLION RUPEES
DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 3.2 BILLION RUPEES
DECLARATION OF DISTRIBUTION OF 3 RUPEES PER UNIT FOR QUARTER
Source text: ID:nNSE7TWfsr
Further company coverage: POWG.NS
(([email protected];))
Powergrid Infrastructure Investment Trust Says Project Put Under Commercial Operation Effective Feb 05
Feb 21 (Reuters) - POWERGRID Infrastructure Investment Trust POWG.NS:
POWERGRID INFRASTRUCTURE INVESTMENT TRUST - PROJECT AT KALA AMB SUBSTATION PUT UNDER COMMERCIAL OPERATION EFFECTIVE FEB 05
Source text for Eikon: ID:nNSE7PZrsd
Further company coverage: POWG.NS
(([email protected];))
Feb 21 (Reuters) - POWERGRID Infrastructure Investment Trust POWG.NS:
POWERGRID INFRASTRUCTURE INVESTMENT TRUST - PROJECT AT KALA AMB SUBSTATION PUT UNDER COMMERCIAL OPERATION EFFECTIVE FEB 05
Source text for Eikon: ID:nNSE7PZrsd
Further company coverage: POWG.NS
(([email protected];))
India's Powergrid Infrastructure Investment Trust June-Qtr Consol Net Profit Falls
July 27 (Reuters) - POWERGRID Infrastructure Investment Trust POWG.NS:
INDIA'S POWERGRID INFRASTRUCTURE INVESTMENT TRUST JUNE-QUARTER CONSOL NET PROFIT 1.87 BILLION RUPEES VERSUS 2.08 BILLION RUPEES
POWERGRID INFRASTRUCTURE INVESTMENT TRUST JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 3.14 BILLION RUPEES VERSUS 3.20 BILLION RUPEES
POWERGRID INFRASTRUCTURE INVESTMENT TRUST - DECLARATION OF DISTRIBUTION OF 3 RUPEES PER UNIT
Source text for Eikon: ID:nBSE77mlHK
Further company coverage: POWG.NS
(([email protected];;))
July 27 (Reuters) - POWERGRID Infrastructure Investment Trust POWG.NS:
INDIA'S POWERGRID INFRASTRUCTURE INVESTMENT TRUST JUNE-QUARTER CONSOL NET PROFIT 1.87 BILLION RUPEES VERSUS 2.08 BILLION RUPEES
POWERGRID INFRASTRUCTURE INVESTMENT TRUST JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 3.14 BILLION RUPEES VERSUS 3.20 BILLION RUPEES
POWERGRID INFRASTRUCTURE INVESTMENT TRUST - DECLARATION OF DISTRIBUTION OF 3 RUPEES PER UNIT
Source text for Eikon: ID:nBSE77mlHK
Further company coverage: POWG.NS
(([email protected];;))
India's Powergrid Infrastructure Investment Trust March-Quarter Consol Net Profit Falls
May 25 (Reuters) - POWERGRID Infrastructure Investment Trust POWG.NS:
MARCH-QUARTER CONSOL NET PROFIT 776.1 MILLION RUPEES VERSUS PROFIT 2.19 BILLION RUPEES
MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 3.17 BILLION RUPEES VERSUS 3.70 BILLION RUPEES
Source text for Eikon: [ID:]
Further company coverage: POWG.NS
(([email protected];))
May 25 (Reuters) - POWERGRID Infrastructure Investment Trust POWG.NS:
MARCH-QUARTER CONSOL NET PROFIT 776.1 MILLION RUPEES VERSUS PROFIT 2.19 BILLION RUPEES
MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 3.17 BILLION RUPEES VERSUS 3.70 BILLION RUPEES
Source text for Eikon: [ID:]
Further company coverage: POWG.NS
(([email protected];))
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Popular questions
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Shareholdings
What does POWERGRID Infra do?
POWERGRID Infrastructure Investment Trust (PGInvIT/Trust) was set up on September 14, 2020 as an irrevocable trust, pursuant to the Trust Deed, under the provisions of the Indian Trusts Act, 1882. Power Grid Corporation of India Limited is the Sponsor to the Trust. IDBI Trusteeship Services Limited is the Trustee to the Trust. The investment objectives of the Trust are to carry on the activities of and to make investments as an infrastructure investment trust as permissible in terms of SEBI (Infrastructure Investment Trusts) Regulations, 2014 read with circulars and guidelines, notifications and amendments issued thereunder, and in accordance with the Trust Deed. The investment of the Trust shall be in any manner permissible under, and in accordance with the InvIT Regulations and applicable law including in holding companies and/or special purpose vehicles and/or infrastructure projects and/or securities in India.
Who are the competitors of POWERGRID Infra?
POWERGRID Infra major competitors are INDIGRID Infra Trust, IRBINVIT, Anantam Highways, Brookfield IndiaReal, First Custodian Fund, Kanungo Financiers, Futuristic Sec. Market Cap of POWERGRID Infra is ₹0 Crs. While the median market cap of its peers are ₹0 Crs.
Is POWERGRID Infra financially stable compared to its competitors?
POWERGRID Infra seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does POWERGRID Infra pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. POWERGRID Infra latest dividend payout ratio is 23.22% and 3yr average dividend payout ratio is 70.53%
How has POWERGRID Infra allocated its funds?
Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Cash & Short Term Investments
How strong is POWERGRID Infra balance sheet?
POWERGRID Infra balance sheet is weak and might have solvency issues
Is the profitablity of POWERGRID Infra improving?
Yes, profit is increasing. The profit of POWERGRID Infra is ₹1,176 Crs for Mar 2025, ₹927 Crs for Mar 2024 and -₹195.14 Crs for Mar 2023
Is the debt of POWERGRID Infra increasing or decreasing?
Yes, The net debt of POWERGRID Infra is increasing. Latest net debt of POWERGRID Infra is -₹192.77 Crs as of Mar-25. This is greater than Mar-24 when it was -₹554.25 Crs.
Is POWERGRID Infra stock expensive?
There is insufficient historical data to gauge this. Latest PE of POWERGRID Infra is 0
Has the share price of POWERGRID Infra grown faster than its competition?
POWERGRID Infra has given lower returns compared to its competitors. POWERGRID Infra has grown at ~-5.47% over the last 4yrs while peers have grown at a median rate of 3.0%
Is the promoter bullish about POWERGRID Infra?
There is Insufficient data to gauge this.
Are mutual funds buying/selling POWERGRID Infra?
There is Insufficient data to gauge this.
