Sembcorp Green Infra Ltd. IPO Details
Sembcorp Green Infra was incorporated on June 6, 2005. The company is a renewable independent power producer focused on developing, operating and maintaining utility-scale and complex renewable energy projects in India. It is among India’s top 10 renewable IPPs by operational capacity and has expertise in flexible EPC models and in-house O&M capabilities
| 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 |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 0 | - | - | ₹37,500.0 M | DRHP DOC |
Sembcorp Green Infra issue details
Sembcorp Green Infra IPO issue size is ₹ 37,500.0 M
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
Sembcorp Green Infra 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 |
Sembcorp Green Infra NUMBER OF SHARES ON OFFER
Sembcorp Green Infra 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 |
| FY26 | 2,652.5 | 371.1 | 1,986.6 | 638.1 | 74.2% |
| FY25 | 2,318.3 | 298.8 | 1,891.4 | -1,051.6 | 75.0% |
| FY24 | 2,249.2 | 359.4 | 1,959.9 | 209.6 | 75.9% |
Sembcorp Green Infra INFORMATION ON IPO ISSUE
About Sembcorp Green Infra
Sembcorp Green Infra was incorporated on June 6, 2005. The company is a renewable independent power producer focused on developing, operating and maintaining utility-scale and complex renewable energy projects in India. It is among India’s top 10 renewable IPPs by operational capacity and has expertise in flexible EPC models and in-house O&M capabilities
Object of the Issue
- Repayment/prepayment, in full or in part, of all or certain outstanding borrowings availed by the company and certain of their subsidiaries
- General corporate purposes
Sembcorp Green Infra - PROMOTERS
| Name |
|---|
| Sembcorp Utilities Pte Ltd |
| Sembcorp Industries Ltd |
Sembcorp Green Infra - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Vipul Tuli | Chairman & Non-Executive Director |
| Appakudal Nithyanand | Managing Director |
| Yeo Zhiwei | Non-Executive Director |
| Sangeeta Talwar | Independent Director |
| Jairaj Kallaikuruchi | Independent Director |
| Radhey Shyam Sharma | Independent Director |
Sembcorp Green Infra Book Running Lead Manager
Axis Capital Limited
sembcorpgreen.ipo@axiscap.in
Citigroup Global Markets India Private Limited
sembcorpgreen.ipo@citi.com
CLSA India Private Limited
sembcorpgreen.ipo@clsa.com
HSBC Securities and Capital Markets (India) Private Limited
sembcorpipo@hsbc.co.in
ICICI Securities Limited
sembcorpgreen.ipo@icicisecurities.com
IIFL Capital Services Limited
sembcorpgreen.ipo@iiflcap.com
Kotak Mahindra Capital Company Limited
sembcorpgreen.ipo@kotak.com
Sembcorp Green Infra Registrar to the Offer
MUFG Intime India Private Limited
sembcorp.ipo@in.mpms.mufg.com
Sembcorp Green Infra Strengths
Diversified renewable energy
The company has developed expertise across the project lifecycle, including site selection, land acquisition, project development, O&M, financing and receivables management. It has 3.60 GW of operational capacity across solar, wind and complex projects, spread across 13 states and union territories and serving diverse government and private offtakers
Strong operational expertise
The company is well positioned in India’s growing complex projects segment, with tender share rising from 32% in FY21 to 87% in FY26, supported by its strong wind, solar and BESS capabilities. As of March 31, 2026, it had 2.09 GW of wind, 1.42 GW of solar and 1.43 GWh of BESS capacity under construction, with significant in-house operating expertise
Disciplined acquisitions
The company has a strong track record in developing and operating renewable energy projects, supported by flexible EPC capabilities, strategic sourcing, in-house O&M and disciplined acquisitions. As of March 31, 2026, it had 84 operational projects with 3.60 GW capacity and 21 under-construction projects with 4.04 GW/GWh capacity, providing extensive execution expertise across the renewable energy value chain
Sembcorp Green Infra Risks
Competition
The company operates in a highly competitive renewable energy auction market, where its ability to secure new projects depends on competitive pricing, technical expertise, financing capabilities and its track record. Failure to win auctions, misjudging bids or changes in government policies and auction processes could limit portfolio growth and adversely affect its business, cash flows and financial performance
Operational risks
The company’s renewable energy projects may face equipment failures, system inefficiencies, adverse weather, dust accumulation, grid issues and variable wind conditions, which could reduce power generation. Such operational disruptions may require significant repair and maintenance expenditure, adversely affecting the Company’s business, cash flows and financial performance
Depend on third-party transmission
The company depends on third-party transmission and grid infrastructure to evacuate and sell electricity, and inadequate capacity, equipment failures, maintenance or delays in grid upgrades may restrict power evacuation. Grid curtailments or breakdowns could cause prolonged outages, revenue loss, PPA penalties or contract termination, adversely affecting its business and financial performance
IPO FAQs
The promoters of the company are Sembcorp Utilities Pte Ltd and Sembcorp Industries Ltd.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.