Sterlite Electric, a leading player in India’s power transmission and distribution sector, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise ₹1,500 crore through an Initial Public Offering (IPO). This move marks a significant step in the company’s growth strategy and financial restructuring.
Sterlite Electric IPO Structure
- Total Issue Size: ₹1,500 crore
- Fresh Issue: 77.9 lakh equity shares
- Offer for Sale (OFS): 77.9 lakh equity shares by existing shareholders
- Promoters Offloading Shares: Twin Star Overseas Ltd
- Individual Shareholders: Kailash Chandra Maheshwari, Jacob John G, Ramguru Radhakrishnan
Download Sterlite Electric DRHP Document
Sterlite Electric DRHP: PDF
Where Sterlite Electric Uses the Funds
- ₹350 crore for repayment/prepayment of borrowings
- ₹225 crore for capital expenditure at the Vadodara manufacturing facility
- Remaining funds allocated to general corporate purposes
Financial Snapshot of Sterlite Electric
- FY25 Revenue: ₹4,956 crore (up from ₹4,918 crore in FY24)
- Standalone Borrowings: ₹600 crore
- Consolidated Borrowings: ₹3,485.7 crore
Market Position of Sterlite Electric
Sterlite Electric is well-positioned in the capital goods segment, with a strong portfolio of transmission projects and a growing international footprint. The IPO is expected to enhance its financial flexibility and support expansion plans.
Stay tuned for listing dates and investor roadshows as Sterlite Electric gears up to hit the public markets.
About Sterlite Electric
Formerly known as Sterlite Power Transmission, Sterlite Electric is part of the Vedanta Group and specialises in capital goods and system integration solutions for the global power sector. The company operates across India and international markets, offering turnkey solutions for transmission infrastructure.
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