Sembcorp Green Infra Revives $500M India IPO Plans
By Business Desk
Sembcorp Green Infra, backed by Temasek Holdings, is planning a $500 million IPO in India, marking a significant move in the country’s renewable energy sector.
Sembcorp Green Infra Ltd., the Indian renewable energy subsidiary of Singapore-based Sembcorp Industries, is reviving its Initial Public Offering plans. Backed by Temasek Holdings, the company aims to raise up to $500 million, with draft papers potentially filed as early as August.
This marks a second attempt for Sembcorp Green Infra to go public in India. The earlier filing in 2018 was withdrawn, but the current effort aligns with a broader trend of renewable energy firms seeking capital through India’s active IPO market.
Operational Scale and Reach
Sembcorp Green Infra maintains a significant operational footprint within India’s renewable energy landscape. Its extensive portfolio encompasses over 75 assets strategically distributed across 18 different states, highlighting its wide reach.
The subsidiary commands a substantial gross renewable energy capacity, totaling 7.6 gigawatts. This capacity solidifies its position as a key player in the nation’s green energy transition.
Advisory Consortium and Market Outlook
A consortium of financial institutions is collaborating on the proposed offering. These include Axis Capital, HSBC Holdings, Citigroup, Kotak Mahindra Capital, ICICI Securities, and IIFL Capital Services, providing comprehensive advisory support.
The precise size and structural details of the IPO are currently under discussion and subject to change. Market sentiment appears favorable, driven by strong performance observed in recent renewable energy listings within India.