Sembcorp Green Infra Files DRHP With Sebi To Raise Up To ₹3,750 Crore Through IPO

Sembcorp Green Infra, a renewable energy platform backed by Sembcorp Industries and Temasek, has filed the Draft Red Herring Prospectus (DRHP) for its initial public offering (IPO). The company aims to raise ₹3,750 crore through this primary capital raise, which will be utilized to repay/prepay loans obtained from HSBC Bank, an affiliate of HSBC Securities and Capital Markets (India).

The proposed IPO does not include an offer for sale (OFS) component. The platform's portfolio comprises approximately 7.64 gigawatts (GW) of capacity, of which 3.60 GW is operational and 4.04 GW is under construction. Additionally, it has 1,433 MWh of battery energy storage system (BESS) capacity under construction. Sembcorp Green Infra operates 105 projects across 13 states and union territories, with a focus on wind, solar, hybrid, and storage technologies.

The company has achieved a 77.32% bid success ratio for complex projects during FY24-FY26, including hybrid and storage-linked projects. The appointed Book Running Lead Managers for the issue include Axis Capital, Citigroup, CLSA, HSBC, ICICI Securities, IIFL Capital Services, and Kotak Mahindra Capital.