The proposed IPO comprises a fresh issue of Equity Shares aggregating up to Rs 3,750 crore, with no Offer for Sale (OFS) component.
Sembcorp proposes to utilise the net proceeds from the issue towards repayment/prepayment, in full or in part, of certain outstanding borrowings availed by it and its arms.
The company is engaged in the development, construction, operation and maintenance of utility-scale and complex renewable energy projects in India.
It has been active in the Indian renewable energy market since 2005 and is among the top 10 largest renewable independent power producers in India by operational capacity as of 31 March 2026.
Sembcorp Green Infra is a wholly owned subsidiary of Sembcorp Industries Limited, a Singapore-headquartered global energy and urban solutions provider and a Temasek Portfolio Company. The Company benefits from the strong parentage of Sembcorp Industries, including access to capital, refinancing flexibility and global expertise.
As of March 31, 2026, Sembcorp Green Infra had an aggregate renewable portfolio of approximately 7.64 GW/GWh, comprising 3.60 GW of operational capacity and 4.04 GW/GWh of under-construction capacity. Its portfolio comprised 105 projects, including 84 operational projects, across 13 states and union territories. 3.58 GW of its under-construction portfolio comprises Complex Projects, including hybrid and storage-linked configurations. The portfolio spans wind, solar and complex renewable projects, including hybrid, battery energy storage system (BESS), round-the-clock (RTC) and firm and dispatchable renewable energy (FDRE) projects.
The company reported revenue from operations of Rs 2,652.50 crore, EBITDA of ₹2,098.73 crore and net profit of Rs 371.08 crore in FY2026, compared with revenue from operations of Rs2,318.29 crore, EBITDA of Rs 1,837.12 crore and net profit of Rs 298.83 crore respectively in FY2025.
India is one of key renewable energy market. The country’s total installed generation capacity was about 533 GW as of March 2026, with green energy including hydro accounting for about 52 per cent. Over 80 per cent of new capacity additions are expected to come from renewable energy by Fiscal 2031, with approximately 264–274 GW of renewable energy capacity expected to be added.
The renewable energy market is also increasingly moving towards complex renewable energy tenders, including hybrid, Round-the-Clock (RTC) and Firm and Dispatchable Renewable Energy (FDRE) projects, with the share of such tenders rising to 87 per cent in Fiscal 2026. CRISIL Intelligence expects approximately 50–55 GW of energy storage solutions to be added by Fiscal 2031, supporting the increasing integration of renewable energy into India’s power system.
Axis Capital Limited, Citigroup Global Markets India Private Limited, HSBC Securities and Capital Markets (India) Private Limited, ICICI Securities Limited, Kotak Mahindra Capital Company Limited, CLSA India Private Limited and IIFL Capital Services Limited (formerly known as IIFL Securities Limited) are the book running lead managers for the proposed issue.
