From mint · Rajendra Saxena · · 1m
Sembcorp Industries mulls ₹3,750 cr IPO for India unit in Dec 2026
Sembcorp Industries plans December 2026 IPO for ₹3,750 crore Indian renewable energy unit.
In brief
Sembcorp Industries plans December 2026 IPO for ₹3,750 crore Indian renewable energy unit. Sembcorp Industries will raise ₹3,750 crore through IPO of its Indian renewable energy subsidiary in December 2026 to repay debt and expand capacity. Originally reported by mint.
IPO Proposal
Sembcorp Industries mulls ₹3,750 crore IPO for its Indian renewable energy unit in December 2026.
“Sembcorp Green Infra Ltd. is meeting investors for a proposed initial public offering (IPO) of its Indian renewable energy subsidiary”
Investor Meeting
Company meets investors for IPO after filing draft papers in August 2026.
“Sembcorp Green Infra filed its draft IPO papers in August and is awaiting regulatory approval”
Temasek Backing
Temasek Holdings Pte. backs renewable energy company with no offer-for-sale component.
“Backed by Temasek Holdings Pte., the renewable energy company plans to raise funds through a fresh issue of equity shares”
Debt Repayment Plan
IPO proceeds to repay company borrowings and support renewable energy expansion.
“The proceeds will be used to repay certain borrowings of the company and its subsidiaries”
Renewable Capacity
Company has 7.6 gigawatts renewable energy portfolio across 18 Indian states.
“Sembcorp Green Infra is among India's 10 largest renewable energy independent power producers by operational capacity as of March 31, 2026”
Financial Performance
Revenue rose 14.4% to ₹2,652.50 crore in FY26 with profit up 24.2%.
“Profit after tax (PAT) increased to ₹ 371.08 crore from ₹ 298.83 crore in the previous financial year, marking a rise of around 24.2%”
IPO Strategy
Company targets debt repayment and expansion through renewable energy projects.
“The fundraising comes as the company seeks to increase its renewable energy capacity and invest in projects that offer more flexible and reliable power supply”
The short version
Sembcorp Industries will raise ₹3,750 crore through IPO of its Indian renewable energy subsidiary in December 2026 to repay debt and expand capacity.
