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  5. Upcoming IPO: Sembcorp Green Infra files preliminary papers for ₹3,750 crore issue

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Upcoming IPO: Sembcorp Green Infra files preliminary papers for ₹3,750 crore issue

Upstox
By Upstox News Desk

2 min read | Updated on August 27, 2026, 11:56 IST

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SUMMARY

The proposed IPO is entirely a fresh issue of equity shares with no Offer for Sale (OFS) component.

Sembcorp-Green-Infra-IPO-SEBI-filing

Sembcorp Green Infra had 3.60 GW of operational renewable energy capacity and about 4.04 GW/GWh under construction as of March 31, 2026. Image: Shutterstock

Sembcorp Green Infra Ltd, a renewable energy independent power producer, has filed preliminary papers with markets regulator SEBI to raise up to ₹3,750 crore through an initial public offering (IPO) with proceeds to be used for payment of debt.

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The proposed IPO is entirely a fresh issue of equity shares with no Offer for Sale (OFS) component.

The IPO proceeds will be used for payment of certain borrowings by the company and the subsidiaries, according to the Draft Red Herring Prospectus (DRHP) filed on Wednesday.

The proposed capital raise will help strengthen its balance sheet as it scales up its renewable energy portfolio.

Axis Capital, Citigroup, CLSA, HSBC, ICICI Securities, IIFL Capital Services and Kotak Mahindra Capital have been appointed as book-running lead managers to the issue.

Also read: Skyways Air Services IPO Day 4: Check subscription status, allotment date and steps

About the firm

Sembcorp Green Infra had 3.60 GW of operational renewable energy capacity and about 4.04 GW/GWh under construction as of March 31, 2026.

The company is wholly owned by Singapore-based Sembcorp Industries through Sembcorp Utilities Pte Ltd. Sembcorp Industries is a leading energy and urban solutions provider backed by Temasek Holdings.

Originally incorporated as Green Infra Limited in 2005 (and later restructured/acquired), Sembcorp acquired a majority stake in 2015 and eventually took full ownership.

Its under-construction portfolio includes 2.61 GW of renewable energy capacity and 1,433 MWh of battery energy storage system (BESS) capacity.

The company is also increasing its focus on complex renewable projects, including hybrid, storage-backed, Round-the-Clock (RTC) and Firm and Dispatchable Renewable Energy (FDRE) projects.

In FY26, Sembcorp Green Infra's revenue from operations grew to ₹2,652.50 crore, compared with ₹2,318.29 crore in FY25, while Profit After Tax (PAT) rose to ₹371.08 crore from ₹298.83 crore a year earlier.

Also read: Avaada Electro files UDRHP with SEBI for ₹7,600 crore IPO; check financials

Promoted by Sembcorp Utilities Pte Ltd and Sembcorp Industries Ltd, SGIL has 105 projects across 13 states and union territories.

The company plans to use organic growth, selective acquisitions and investments in storage and complex renewable projects to expand its portfolio.

With PTI inputs
Disclaimer: This article is written purely for informational purposes and should not be considered investment advice from Upstox. Securities mentioned are illustrative and not recommendations. Please consult a financial advisor before making any investment decisions.

About The Author

Upstox
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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