Sembcorp Green Infra has filed preliminary papers with capital markets regulator Securities and Exchange Board of India (SEBI) to raise Rs 3,750 crore through an Initial Public Offering (IPO). 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. The proposed capital raise will help strengthen its balance sheet as it scales up its renewable energy portfolio. 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.
Sembcorp Green Infra is a leading independent renewable energy power producer in India.
