LogIn LogOut

Sembcorp Industries' Energy Arm Files IPO Papers

February 24, 2018

IPO_initial public offerings Image courtesy Sembcorp Energy India
IPO_initial public offerings Image courtesy Sembcorp Energy India

 Sembcorp Energy India, an independent power producer, filed draft papers with capital markets regulator Sebi to float an initial public offering (IPO).

 The company, which has thermal and renewable power assets in India, is promoted by the Singapore Exchange-listed Sembcorp Industries.
The IPO comprises fresh issue of shares worth up to Rs 4,095 crore and an offer for sale (OFS) of up to 146,774,194 equity scrips by the existing shareholders, draft papers filed with Securities and Exchange Board of India (SEBI) showed.
This includes sale of 128,941,129 shares by Sembcorp Utilities and up to 17,833,065 equity scrips Gayatri Energy Ventures.
Proceeds from the issue will be utilised towards repayment of certain indebtedness, and for other general corporate purposes, the company said.
Axis Capital Credit Suisse Securities (India), CLSA India, and SBI Capital Markets are global co-ordinators and book running lead managers to the offer, while IndusInd Bank is the merchant banker to the public issue.
Sembcorp Energy identifies, develop and operate power generation assets across the thermal and renewable power sectors in India.
As of December, 2017, the company had a total power generation capacity of about 4.07 GW, comprising 3.57 GW of operating generation capacity and 0.50 GW of generating capacity under construction.


Current News

Oil Major Chevron Tells Employees to Delete WeChat from Phones

Oil Major Chevron Tells Employees to Delete WeChat from Phones

Recruitment Firms Fircroft, NES Global Talent Set to Merge

Recruitment Firms Fircroft, NES Global Talent Set to Merge

DOF Subsea Nets Two APAC Gigs

DOF Subsea Nets Two APAC Gigs

Final Approvals Granted for BP's Ironbark Drilling Project in Australia

Final Approvals Granted for BP's Ironbark Drilling Project in Australia

Keppel Offshore & Marine Clinches $146,5M in New Orders

Keppel Offshore & Marine Clinches $146,5M in New Orders

Seafox Pushes to Oust GMS Directors

Seafox Pushes to Oust GMS Directors

Mermaid, Meitech JV to Target Decom Projects in Gulf of Thailand

Mermaid, Meitech JV to Target Decom Projects in Gulf of Thailand

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com