Business · Companies · 8 hrs ago
Sembcorp Green Infra considers IPO of up to ₹3,750 crore
Sembcorp Green Infra is considering an IPO of up to ₹3,750 crore in India, potentially as early as December.
The company is the Indian renewable energy subsidiary of Singapore-based Sembcorp Industries, and the proposed offering is still awaiting regulatory approval.
It operates in 18 Indian states and had 3.60 gigawatts of operational renewable capacity at the end of March 2026, with more projects under construction.
The company plans to use the IPO proceeds to repay specified borrowings as it expands its renewable energy portfolio.
Its revenue rose to ₹2,652.50 crore in FY26 from ₹2,318.29 crore a year earlier, while profit increased to ₹371.08 crore.
The final size and launch date remain undecided, and the offering depends on regulatory approval.
Sembcorp Industries is considering an initial public offering of its Indian renewable energy subsidiary, Sembcorp Green Infra, that could raise up to ₹3,750 crore.
The company is meeting investors, and the offering could launch as early as December 2026, though its timing and size may change.
Sembcorp Green Infra filed draft IPO papers in August and is awaiting regulatory approval.
The draft says proceeds from a fresh issue of shares would repay specified borrowings, with no offer-for-sale component.
As of March 31, 2026, the company had 3.60 GW of operational renewable energy capacity and a gross portfolio of 7.6 GW.
- Who
- Sembcorp Green Infra Ltd., the Indian renewable energy subsidiary of Singapore-based Sembcorp Industries.
- What
- It is considering an IPO that could raise up to ₹3,750 crore through a fresh issue of shares.
- When
- It could launch as early as December 2026. The timing is not confirmed.
- Where
- India.
- Why
- The proceeds are intended to repay specified borrowings of the company and its subsidiaries.
This story does not have two clearly opposing sides.
Sembcorp Green Infra filed draft IPO papers and began awaiting regulatory approval.
Mint reported that the company was meeting investors for the proposed IPO.
The company is considering launching the IPO, subject to change.
- Potential IPO size
- Up to ₹3,750 crore
- Proposed share sale
- Fresh issue; no offer-for-sale component
- Operational capacity
- 3.60 GW as of March 31, 2026
- Gross renewable energy portfolio
- 7.6 GW as of March 31, 2026
- FY26 revenue from operations
- ₹2,652.50 crore
- FY26 profit after tax
- ₹371.08 crore