New Delhi, Aug. 27 -- Sembcorp Green Infra Ltd, the Indian renewable energy arm of Temasek-backed Sembcorp Industries, has filed preliminary papers with Sebi to raise up to Rs 3,750 crore through an IPO with proceeds to be used for payment of debt.
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 filed on Wednesday.
The proposed capital raise will help strengthen its balance sheet as it scales up its renewable energy portfolio. 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.
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. 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.
Published by HT Digital Content Services with permission from Millennium Post.