Sterlite Electric Ltd. IPO Details
Sterlite Electric was incorporated on May 5, 2015. The company manufactures capital goods and provides system integration solutions for the Power T&D industry, supplying overhead conductors, power cables, OPGW, and master system integration services domestically and internationally
| Bidding Dates |
|---|
| To Be Announced |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 15.6 M | - | - | ₹0 | DRHP DOC |
Sterlite Electric issue details
Sterlite Electric has 15.6 M shares on offer
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 10% | 15% | 75% |
Sterlite Electric IMPORTANT IPO DATES
| Issue Open Date | - |
| Issue close Date | - |
| Allotment Date | - |
| Refund Date | - |
| Demat Account Credit Date | - |
| Listing Date | - |
| Listing on Exchange(s) | NSE and BSE |
Sterlite Electric NUMBER OF SHARES ON OFFER
Sterlite Electric FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY25 | 4,955.8 | -156.3 | 527.5 | 299.5 | 10.9% |
| FY24 | 4,917.9 | -216.9 | -1,876.9 | -2,426.7 | 11.1% |
| FY23 | 3,278.6 | -32.7 | -1,642.4 | -1,834.5 | 13.2% |
Sterlite Electric INFORMATION ON IPO ISSUE
About Sterlite Electric
Sterlite Electric was incorporated on May 5, 2015. The company manufactures capital goods and provides system integration solutions for the Power T&D industry, supplying overhead conductors, power cables, OPGW, and master system integration services domestically and internationally
Object of the Issue
- Repayment/prepayment, in full or part, of all or certain outstanding borrowings availed by the company
- Funding of capital expenditure requirements for expansion through purchase of plant, machineries and equipment by the company
- General corporate purposes
Sterlite Electric - PROMOTERS
| Name |
|---|
| Anil Agarwal |
| Twin Star Overseas Limited |
Sterlite Electric - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Pravin Agarwal | Chairman & Non-Executive Director |
| Pratik Pravin Agarwal | Managing Director |
| Reshu Madan | Whole-time Director & Chief Executive Officer |
| Alipt Sharma | Non-Executive Non Independent |
| Frederic Andre M Trefois | Non-Executive Independent Director |
| Sachin Nandgaonkar | Non-Executive Independent Director |
| Anupa Rajiv Sahney | Non-Executive Independent Director |
| Alampallam Ramakrishnan Narayanaswamy | Non-Executive Independent Director |
Sterlite Electric Book Running Lead Manager
Axis Capital Limited
sterlite.ipo@axiscap.in
Motilal Oswal Investment Advisors Limited
sterlite.ipo@motilaloswal.com
Nuvama Wealth Management Limited
sterlite.ipo@nuvama.com
Sterlite Electric Registrar to the Offer
MUFG Intime India Private Limited
sterliteelectric.ipo@in.mpms.mufg.com
Sterlite Electric Strengths
Diversified product portfolio
The company operates across overhead conductors, power cables, OPGW, and MSI services, offering standard and customised solutions for power transmission and grid modernisation projects. Its portfolio caters to diverse voltage and infrastructure requirements
Strong parentage & power lineage
As part of the Vedanta Group, the company leverages its strong power lineage, industry expertise, and extensive network to strengthen its position in the power T&D sector and build strategic customer and supplier relationships
Sector growth opportunities
India’s power sector is poised for growth due to population expansion, urbanisation, industrialisation, rising electricity demand, and renewable energy targets, driving strong investments in generation, transmission, and grid modernisation. This growth underpins the expanding market for wires, cables, and conductors
Sterlite Electric Risks
Operational risks
The company’s manufacturing facilities face operational risks, including equipment breakdowns, shutdowns, labour disputes, regulatory actions, and supply chain disruptions, which could adversely affect business operations, financial condition, and cash flows
Quality
The company’s products are subject to strict quality standards, and any defects or failure by the company or its suppliers to meet these standards could lead to order cancellations, recalls, warranty claims, or product liability issues, adversely affecting business, financial condition, and operations
Licenses & approvals
The company requires various licenses, permits, and approvals to operate, and any failure to obtain or renew them on time could materially impact its operations. These approvals, often time-bound and conditional, are issued by central, state, and other regulatory authorities, and delays or denials may disrupt business activities
IPO FAQs
The promoters of the company are Anil Agarwal and Twin Star Overseas Limited.
The category allocation of qualified institutional buyers is 75.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 10.0%.