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Sembcorp Green Infra IPO: ₹3,750 Crore Draft Filed with SEBI

By ThePip DeskSembcorp Green Infra IPO: ₹3,750 Crore Draft Filed with SEBI

Sembcorp Green Infra, backed by Temasek, files a ₹3,750 crore IPO draft red herring prospectus with SEBI, aiming to expand its renewable energy and storage portfolio.

Sembcorp Green Infra (SGIL) has officially filed its draft red herring prospectus (DRHP) with SEBI for an initial public offering (IPO) targeting ₹3,750 crore.

This move positions SGIL, supported by Sembcorp Industries and Singapore-based Temasek, for a significant market entry.

IPO Structure & Portfolio

  • The IPO involves a fresh issue of shares only, valued at ₹3,750 crore.
  • SGIL manages a renewable energy portfolio of 7.64 GW, with 3.60 GW operational and 4.04 GW under construction.
  • The company is also developing 1.43 GWh of Battery Energy Storage System (BESS) capacity.

Operations span 105 projects across 13 states and Union territories, leveraging wind, solar, hybrid, and storage technologies.

Financial Overview

  • Revenue from operations grew from Rs 2,249 crore in FY24 to Rs 2,653 crore in FY26.
  • Ebitda also increased from Rs 1,823 crore in FY24 to Rs 2,099 crore in FY26.

A consortium of bankers including Axis Capital, Citigroup Global, CLSA India, HSBC Securities, ICICI Securities, IIFL Capital, and Kotak Mahindra Capital are managing the IPO.

Renewable Energy Market Trend

SGIL’s filing aligns with a broader trend of renewable energy companies pursuing public listings, as seen with Avaada Electro’s recent Rs 7,600 crore IPO filing.

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