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Indigrid Infrastructure Trust — Bonds & AAA (CRISIL) Rating

Corporate · Infrastructure

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Methodology v1.0 Download Report (PDF) Watch
Agency Rating
AAA (CRISIL)
Most common current rating on senior bonds
25 of 25 rated · CRISIL, 31 Aug 2026
Total Debt Outstanding
₹15,577 Cr
Across 34 instruments
Active Bonds
34
First Issue
31 Aug 2018
Latest Issue
20 Aug 2026
Maturity Range
2027 - 2047
Observation
34 active bonds tracked from this issuer.
View details →
Coverage: High Data Quality: High Sources: NSE, BSE, SEBI, rating agencies

Latest events

Last 90 days · company disclosures to the exchanges and agency announcements. Not our assessment.
  • 12 Aug 2026 New rating assigned to AAA CRISIL
Issuer health card Nothing flagged on record
  • Current ratings CRISIL AAA, ICRA AAA, India Ratings AAA
  • Rating range All current ratings are AAA (CRISIL 31 Aug 2026, ICRA 31 Aug 2023, India Ratings 31 Aug 2023)
  • Rating direction, 12 months 0 upgrades, 0 downgrades
  • Watch / negative outlook None in 12 months
  • Issuer not cooperating No such actions in 12 months
  • Rating withdrawn, 12 months No withdrawal of this issuer's rating in 12 months
  • Newest agency rating Dated 31 Aug 2026
  • Payment record 8 payment disclosures since 17 Jul 2026: all on time
  • Defaults on record No bond marked defaulted
  • Traded in the last 30 days 3 of 34 active bonds had an exchange trade
  • Exchange filings, 90 days 0 filings on NSE/BSE

A checklist of published facts, not a rating or a view on credit quality. Ratings are the agencies' own; payment record covers NSE disclosures since 17 Jul 2026; "late" means paid more than 3 days after the due date (next-working-day payments are allowed). Rating range covers every current rating on the issuer's active bonds, with each agency's rating date. Rating actions count only when the agency's heading names this issuer, not pools or trusts it originated; a withdrawal is flagged only when the issuer's rating itself is withdrawn, not a single facility. Rating age uses the newest rating date on file and is flagged when older than 12 months. See methodology.

Alert me about Indigrid Infrastructure Trust An email when a rating agency acts on this issuer (including any cut to default grade D) or a payment is disclosed late or short. Free, no account needed.
01 Issuer Overview
Sector
Infrastructure
Issuer Type
Corporate
First Tracked Bond
31 Aug 2018
Start of this issuer's debt program timeline
  • 34 active bonds tracked from this issuer.
  • 29 of 29 tracked bonds with a stated security status are secured. (based on 29 bonds with a disclosed security status)
  • Most recent rating action: initial by CRISIL on 12 Aug 2026.

Indigrid Infrastructure Trust is a corporate issuer in the Infrastructure sector. Coupon rates on outstanding bonds range from 6.40% - 8.99%, paid quarterly. Bonds mature between 2027 - 2047.

Data sourced from NSDL, BSE, NSE, and registered credit rating agencies. Verify against the issuer's offer document before transacting.

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02 Debt Profile
Outstanding Bonds
34
Tracked by RetailBonds
Amount Tracked
₹15,577 Cr
Of bonds tracked by RetailBonds — not the issuer's total outstanding debt (disclosed for 31 of 34 bonds)
Avg Coupon
7.64%
Range 6.40% - 8.99%
Avg Remaining Tenure
6.2 Yrs
Nearest maturity Feb 2027
Secured
100%
29 of 29 bonds with known status
Callable
3
Of 34 bonds
Avg Spread vs G-Sec
+48 bps
Credit premium, from 3 bonds with a current market yield

Maturity Profile

Active bonds maturing, by year. Bar height relative to the tallest year (9 bonds).

0 2027: 1 bond, ₹650 Cr tracked, avg coupon 7.87% 1 bond 2027 2028: 9 bonds, ₹1,704 Cr tracked, avg coupon 7.72% 9 bonds 2028 2029: 4 bonds, ₹1,300 Cr tracked, avg coupon 7.94% 4 bonds 2029 2030: 2 bonds, ₹1,700 Cr tracked, avg coupon 7.46% 2 bonds 2030 2031: 8 bonds, ₹1,974 Cr tracked, avg coupon 7.74% 8 bonds 2031 2034: 1 bond, ₹460 Cr tracked, avg coupon 6.40% 1 bond 2034 2035: 1 bond, ₹1,500 Cr tracked, avg coupon 7.28% 1 bond 2035 2036: 2 bonds, ₹900 Cr tracked, avg coupon 7.44% 2 bonds 2036 2038: 1 bond, ₹1,650 Cr tracked, avg coupon 7.35% 1 bond 2038 2041: 1 bond, ₹1,140 Cr tracked, avg coupon 7.70% 1 bond 2041 2042+: 4 bonds, ₹2,600 Cr tracked, avg coupon 7.52% 4 bonds 2042+

Security Type / Instrument Mix

  • NCD 34 bonds · 100% · ₹15,577 Cr tracked

Funding Evolution

■ Issued that year — Cumulative outstanding (tracked)
2018: ₹250 Cr issued 2018 2021: ₹1,207 Cr issued 2021 2023: ₹4,290 Cr issued 2023 2024: ₹1,650 Cr issued 2024 2025: ₹6,860 Cr issued 2025 2026: ₹1,320 Cr issued 2026 Cumulative: ₹250 Cr Cumulative: ₹1,457 Cr Cumulative: ₹5,747 Cr Cumulative: ₹7,397 Cr Cumulative: ₹14,257 Cr Cumulative: ₹15,577 Cr

Based on 31 of 34 active bonds with a known issue date and issue size — the rest are excluded, not assumed zero.

03 Credit Profile
  • AAA 30 bonds · 88%
  • Unrated 4 bonds · 12%
AgencyRatingOutlookBonds
CRISIL AAA — 16
CRISIL AAA Stable 6
ICRA AAA — 1
ICRA AAA Stable 1
India Ratings AAA — 1
CRISIL AAA NSDL record — 3
ICRA AAA NSDL record — 1
India Ratings AAA NSDL record — 1

Recent Rating Actions

12 Aug 2026 · CRISIL
AAA
Initial · Stable
NCD Public Issues
04 Outstanding Bonds View all bonds →
ISIN Bond Name Coupon Rating Maturity YTM Last Trade Details
INE219X07454 Indigrid Infrastructure Trust 7.87% Feb 2027 NCD 7.87% AAA (CRISIL, NSDL record 2024) 2027-02-24 — —
INE219X07363 Indigrid Infrastructure Trust 7.85% Feb 2028 NCD 7.85% AAA (ICRA, NSDL record 2023) 2028-02-28 — —
INE219X07231 Indigrid Infrastructure Trust 7.49% May 2028 NCD 7.49% AAA (CRISIL) 2028-05-06 — —
INE219X07223 Indigrid Infrastructure Trust 7.90% May 2028 NCD 7.90% AAA (CRISIL) 2028-05-06 — 2026-09-02
INE219X07215 Indigrid Infrastructure Trust 7.70% May 2028 NCD 7.70% AAA (CRISIL) 2028-05-06 — —
INE219X07249 Indigrid Infrastructure Trust 7.69% May 2028 NCD 7.69% AAA (CRISIL) 2028-05-06 7.01% 2026-11-06
INE219X07017 Indigrid Infrastructure Trust 8.60% Aug 2028 NCD 8.60% — 2028-08-31 — —
INE219X07462 Indigrid Infrastructure Trust 7.75% Aug 2028 NCD 7.75% AAA (CRISIL, NSDL record 2025) 2028-08-31 — —
INE219X07488 Indigrid Infrastructure Trust 7.49% Sep 2028 NCD 7.49% AAA (CRISIL) 2028-09-27 — —
INE219X07512 Indigrid Infrastructure Trust 7.04% Sep 2028 NCD 7.04% AAA (CRISIL) 2028-09-27 — —
INE219X07025 Indigrid Infrastructure Trust 8.99% Feb 2029 NCD 8.99% — 2029-02-14 — —
INE219X07447 Indigrid Infrastructure Trust 7.88% Apr 2029 NCD 7.88% AAA (CRISIL) 2029-04-27 — —
INE219X07439 Indigrid Infrastructure Trust 7.88% Apr 2029 NCD 7.88% AAA (CRISIL) 2029-04-30 — 2026-08-27
INE219X07538 Indigrid Infrastructure Trust 7.01% Jun 2029 NCD 7.01% AAA (CRISIL) 2029-06-20 — —
INE219X07520 Indigrid Infrastructure Trust 7.07% Jun 2030 NCD 7.07% AAA (CRISIL) 2030-06-20 — 2026-09-03
INE219X07413 Indigrid Infrastructure Trust 7.84% Aug 2030 NCD 7.84% AAA (ICRA) 2030-08-24 — —
INE219X07355 Indigrid Infrastructure Trust 7.92% Feb 2031 NCD 7.92% AAA (India Ratings, NSDL record 2023) 2031-02-28 — —
INE219X07280 Indigrid Infrastructure Trust 7.97% May 2031 NCD 7.97% AAA (CRISIL) 2031-05-06 7.46% 2026-11-06
INE219X07272 Indigrid Infrastructure Trust 7.72% May 2031 NCD 7.72% AAA (CRISIL) 2031-05-06 — —
INE219X07264 Indigrid Infrastructure Trust 8.20% May 2031 NCD 8.20% AAA (CRISIL) 2031-05-06 8.21% 2026-11-05
INE219X07256 Indigrid Infrastructure Trust 7.95% May 2031 NCD 7.95% AAA (CRISIL) 2031-05-06 — 2026-09-04
INE219X07298 Indigrid Infrastructure Trust 7.32% Jun 2031 NCD 7.32% AAA (ICRA) 2031-06-27 — 2026-09-15
INE219X07595 Indigrid Infrastructure Trust 7.44% Aug 2031 NCD 7.44% AAA (CRISIL) 2031-08-20 — —
INE219X07629 Indigrid Infrastructure Trust 7.44% Aug 2031 NCD 7.44% — 2031-08-20 — —
INE219X07504 Indigrid Infrastructure Trust 6.40% Mar 2034 NCD 6.40% AAA (CRISIL) 2034-03-31 — —
INE219X07546 Indigrid Infrastructure Trust 7.28% Jun 2035 NCD 7.28% AAA (CRISIL) 2035-06-20 — —
INE219X07603 Indigrid Infrastructure Trust 7.44% Aug 2036 NCD 7.44% AAA (CRISIL) 2036-08-20 — —
INE219X07611 Indigrid Infrastructure Trust 7.44% Aug 2036 NCD 7.44% — 2036-08-20 — —
INE219X07389 Indigrid Infrastructure Trust 7.35% Mar 2038 NCD 7.35% AAA (India Ratings) 2038-03-31 — —
INE219X07371 Indigrid Infrastructure Trust 7.70% Mar 2041 NCD 7.70% AAA (CRISIL) 2041-03-31 — —
INE219X07470 Indigrid Infrastructure Trust 7.80% Mar 2047 NCD 7.80% AAA (CRISIL) 2047-03-27 — —
INE219X07496 Indigrid Infrastructure Trust 7.58% Mar 2047 NCD 7.58% AAA (CRISIL) 2047-03-27 — —
INE219X07553 Indigrid Infrastructure Trust 7.35% Jul 2047 NCD 7.35% AAA (CRISIL) 2047-07-31 — —
INE219X07579 Indigrid Infrastructure Trust 7.34% Jul 2047 NCD 7.34% AAA (CRISIL, NSDL record 2025) 2047-07-31 — —
Compare (/) Compare Bonds

YTM is the market yield from the latest BSE/NSE trade. It shows “—” when that trade is over 30 days old, the bond is under 30 days from maturity, it is a market-linked debenture, or the price failed our checks (hover the dash for the reason). A coupon is never shown as a yield.

05 Market Activity

Last 30 days, across all outstanding bonds from this issuer.

BSE Traded Value (Last 30 Days)
—
Number of Trades (Last 30 Days)
31
Avg. Yield (Last 30 Days)
7.97%
06 Payment Disclosures (SEBI Reg52(4)) 8 disclosed

Interest and redemption payments as broadcast by NSE under SEBI LODR Reg 52(4)/60, across all outstanding bonds from this issuer -- actual disclosed events, not a projected schedule.

Due DateBondTypeAmount DueAmount PaidStatusFiling
6 Nov 2026 7.49% SECURED RATED LISTED... Interest ₹1,00,000.00 ₹1,00,000.00 Paid XBRL →
6 Nov 2026 7.69% SECURED RATED LISTED... Interest ₹23,00,000.00 ₹23,00,000.00 Paid XBRL →
6 Nov 2026 7.97% SECURED RATED LISTED... Interest ₹83,00,000.00 ₹83,00,000.00 Paid XBRL →
6 Nov 2026 7.72% SECURED RATED LISTED... Interest ₹1,00,000.00 ₹1,00,000.00 Paid XBRL →
6 Aug 2026 7.49% SECURED RATED LISTED... Interest ₹1,00,000.00 ₹1,00,000.00 Paid XBRL →
6 Aug 2026 7.69% SECURED RATED LISTED... Interest ₹23,00,000.00 ₹23,00,000.00 Paid XBRL →
6 Aug 2026 7.97% SECURED RATED LISTED... Interest ₹83,00,000.00 ₹83,00,000.00 Paid XBRL →
6 Aug 2026 7.72% SECURED RATED LISTED... Interest ₹1,00,000.00 ₹1,00,000.00 Paid XBRL →

Source: NSE Debt Centralised Database, per SEBI LODR Reg 52(4)/60. Coverage begins 2 Aug 2026 — history accumulates as disclosures are broadcast.

07 Regulatory Filings
Credit Rating Rationale
08 Methodology & Data Coverage
DatasetCountFreshness
Credit Ratings (current) 30 2026-08-31
Rating Actions History 1 2026-08-12
Secondary-Market Trades 161 2026-11-06
Reg52(4) Payment Disclosures 8 2026-11-06

Methodology version 1.0. See full methodology for sources and limitations.

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Frequently Asked Questions
How many active bonds does Indigrid Infrastructure Trust have?

Indigrid Infrastructure Trust currently has 34 active bonds with coupons of 6.40% - 8.99%, maturities spanning 2027 - 2047.

What is Indigrid Infrastructure Trust's credit rating?

The most common current rating on Indigrid Infrastructure Trust's senior bonds is AAA (CRISIL). Ratings on file come from CRISIL, ICRA, India Ratings.

Are Indigrid Infrastructure Trust's bonds secured?

Of the 29 bonds with a disclosed security status, 29 are secured (100%) and 0 are unsecured.

When do Indigrid Infrastructure Trust's bonds mature?

Indigrid Infrastructure Trust's active bonds mature between 2027 - 2047; the nearest matures in Feb 2027; the average tenure is 6.2 Yrs.

What is the average coupon on Indigrid Infrastructure Trust's bonds?

The average coupon across Indigrid Infrastructure Trust's 34 active bonds is 7.64%.

Disclaimer: This page aggregates publicly available data about Indigrid Infrastructure Trust for informational purposes only. Ratings shown are the opinion of the issuing rating agency and are not buy/sell recommendations. RetailBonds.in does not issue its own ratings or investment advice. Verify all data against the issuer’s offer document before transacting.