Temasek-backed Sembcorp Green Infra files DRHP for IPO

The platform has a portfolio of roughly 7.64 gigawatts (GW), comprising 3.60 GW of operational capacity and around 4.04 GW under construction
| Photo Credit:
Edgar Su

Sembcorp Green Infra aims to raise ₹3,750 crore through an initial public offering (IPO), for which the renewable energy platform has filed the draft papers with SEBI.

The platform, backed by Sembcorp Industries and Temasek, filed the Draft Red Herring Prospectus (DRHP) with the capital markets regulator on Wednesday.

“A portion of the Net Proceeds is proposed to be utilised by our Company to repay/prepay loans obtained from The Hongkong and Shanghai Banking Corporation (HSBC Bank), which is an affiliate of HSBC Securities and Capital Markets (India), one of our BRLMs (Book Running Lead Managers),” the firm said in the DRHP.

The proposed IPO does not have an offer for sale (OFS) component, making the proposed issue entirely a primary capital raise for the company. The company will issue equity shares of face value of ₹10 each, aggregating up to ₹3,750 crore.

The platform has a portfolio of roughly 7.64 gigawatts (GW), comprising 3.60 GW of operational capacity and around 4.04 GW under construction. It also has 1,433 MWh (megawatt-hour) of battery energy storage system (BESS) capacity under construction.

The company has 105 projects across 13 states and UTs, which are diversified across wind, solar, hybrid and storage. It has a 77.32 per cent bid success ratio for Complex Projects during FY24–FY26, including hybrid and storage-linked projects.

Sembcorp Green Infra’s revenue from operations grew from Rs 2,249 crore in FY24 to Rs 2,653 crore in FY26. Its EBITDA grew from Rs 1,823 crore to Rs 2,099 crore over the same period, with EBITDA margins above 74 per cent.

Axis Capital, Citigroup, CLSA, HSBC, ICICI Securities, IIFL Capital Services, and Kotak Mahindra Capital have been appointed as the Book Running Lead Managers (BRLMs) for the issue.

Published on August 27, 2026