Sterlite Power Transmission has received market regulator -- Securities Exchange Board of India’s (SEBI's) approval for its Rs 1,250 crore initial public offer (IPO). The company, which filed the draft red herring prospectus with the SEBI in August, got the regulator’s approval on December 2, 2021.
The company may consider a pre-IPO placement aggregating up to Rs 220 crore. If such placement is completed, the issue size will be reduced. Proceeds of the IPO will be used for payment of certain borrowings availed by the company and its arm Khargone Transmission (KTL). Axis Capital, ICICI Securities and JM Financial are the book running lead managers to the issue.
Sterlite Power manufactures power products, and is in the business of power transmission and offers solutions for problems of intersection of time space and capital.
| Company Name | CMP |
|---|---|
| Jyoti Structures | 13.31 |
| Modern Malleables | 70.08 |
| Neueon Corporation | 26.86 |
| Karamtara Engg. | |
| Sterlite Electric | |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: