Business · Companies · 10 hrs ago
Sembcorp Green Infra gets SEBI approval for ₹3,750 crore IPO
India’s SEBI approved a ₹3,750 crore IPO for Sembcorp Green Infra on Friday.
The company is a renewable energy producer backed by Singapore-based Sembcorp Industries and Temasek.
Its proposed IPO will raise money by issuing new shares, with no shares being sold by existing investors.
Some of the proceeds are intended to repay or prepay loans, according to the company’s filing.
Sembcorp Green Infra operates wind, solar and other renewable energy projects across 13 Indian states and union territories.
It had 3.60 GW of operational capacity and 4.04 GW under construction as of March 31, 2026.
The IPO is intended to strengthen the company’s finances as India’s renewable energy sector expands.
SEBI’s approval clears a regulatory step, but the sources do not give a date for the IPO.
India’s markets regulator SEBI approved Sembcorp Green Infra’s proposed ₹3,750 crore initial public offering on Friday.
The IPO will consist entirely of a fresh issue of shares, with no offer-for-sale component.
The company said the proceeds would support its balance sheet and financial position, including repaying or prepaying loans from HSBC Bank.
Sembcorp Green Infra is backed by Singapore-based Sembcorp Industries and Temasek and develops and operates renewable energy projects in India.
As of March 31, 2026, it had 3.60 GW of operational capacity and 4.04 GW under construction.
- Who
- Sembcorp Green Infra, backed by Sembcorp Industries and Temasek.
- What
- SEBI approved its proposed ₹3,750 crore IPO, consisting of a fresh issue with no offer for sale.
- When
- Friday, November 13, 2026.
- Where
- India.
- Why
- The proposed capital raise is intended to support the company’s balance sheet and financial position, including repayment or prepayment of loans.
This story does not have two clearly opposing sides.
Sembcorp Green Infra filed its draft prospectus with SEBI.
SEBI approved the company’s proposed IPO.
- IPO size
- ₹3,750 crore
- Issue structure
- Fresh issue of shares; no offer for sale
- Draft prospectus filed
- August 2026
- Operational capacity
- 3.60 GW as of March 31, 2026
- Under-construction capacity
- 4.04 GW as of March 31, 2026
2 sources
What people are saying
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)