Temasek-backed Sembcorp Green Infra receives SEBI nod for ₹3,750 crore IPO
The renewable energy platform, which is backed by Singapore-based Sembcorp Industries and Temasek, filed the Draft Red Herring Prospectus (DRHP) with the capital markets regulator in August 2026
Securities and Exchange Board of India (SEBI) granted approval to Sembcorp Green Infra (SGIL) for its proposed initial public offering (IPO) on Friday. The renewable energy platform, backed by Singapore-based Sembcorp Industries and Temasek, aims to raise ₹3,750 crore through the IPO. The proposed capital raise is intended to bolster the company's balance sheet and financial position.
SGIL, an independent power producer (IPP) in the Indian market since 2005, focuses on developing, constructing, operating, and maintaining utility-scale and complex renewable energy projects. As of March 31, 2026, SGIL's renewable portfolio stood at roughly 7.64 gigawatt-hour (GWh), with 3.60 GWh in operational capacity and 4.04 GWh in under-construction capacity.
The company operates across 13 states and union territories, with 84 operational projects and 21 under-construction projects. SGIL's under-construction portfolio includes 3.58 GW of complex projects, such as hybrid, battery energy storage system (BESS), round-the-clock (RTC), and firm and dispatchable renewable energy (FDRE) projects.
The IPO comprises a fresh issue of equity shares worth ₹3,750 crore, with no offer for sale (OFS) component.
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