IPO Dates
Important dates with respect to IPO allotment and listing
IPO Open Date
To be announced
About Company
Founded by billionaire Anil Agarwal, Sterlite Power Transmission (SPTL) has filed a DRHP for an initial public offering (IPO) valued at Rs 1,250 crore. The profits of the offering will be used to repay the firm's and its subsidiary Khargone Transmission Ltd's debt (KTL). The company has Rs.7,323.99 crore in outstanding working capital and term loan arrangements, both fund-based and non-fund-based. The issue's lead managers are Axis Capital, ICICI Securities, and JM Financial. A pre-IPO transaction of up to Rs 220 crore may be considered by the firm.
Sterlite Power Transmission, based in India and Brazil, is a significant private sector power transmission infrastructure developer and solutions supplier. They are the largest private player in terms of project portfolio under the interstate TBCB route with a market share of 26% of transmission projects granted through the route. They began operations in Brazil in 2017 as part of their international expansion. TWIN STAR OVERSEAS LIMITED and Anil Agarwal are the company's promoters. Axis Capital Limited, ICICI Securities Limited, and JM Financial Limited are the issue's lead managers, and KFin Technologies Private Limited is the Registrar.
Sterlite Power Transmissions Limited IPO Objectives:
The company proposes to utilise the Net Proceeds from the Issue towards funding the following objects:
- Repayment or pre-payment, in full or part, of certain borrowings availed by the Company and KTL.
- General corporate purposes.
Why should you invest in the Sterlite Power Transmissions Limited IPO?
- Sterlite Power Transmissions Limited is a leading private sector power transmission infrastructure developer and solutions provider, operating in India and Brazil.
- The power transmissions industry in India has high growth potential. The demand for electricity in densely-populated Indian cities is expected to continue to rise as a result of end-use electrification.
IPO Financials
| Particulars | As at and for the year ended March 31, 2021. | As at and for the year ended March 31, 2020. | As at and for the year ended March 31, 2019. |
|---|---|---|---|
| Basic Earnings per share (in ₹) | 142.22 | 154.13 | 85.78 |
| Diluted Earnings per share (in ₹) | 142.22 | 154.13 | 85.78 |
| Return on net worth (%) | 68.42% | 234.64% | 97.00% |
| Restated net asset value per equity share (in ₹) | 207.85 | 65.69 | 88.43 |
| EBITDA (₹ in crores) | 1831.76 | 2277.00 | 323.36 |
| EBITDA Margin | 47.99% | 44.14% | 9.05% |
| Adjusted EBITDA (₹ in crores) | 1793.21 | 2405.62 | 459.62 |
| Adjusted EBITDA Margin | 46.98% | 46.64% | 12.87% |
Know before investing
Strengths
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Position of leadership in India's power transmission business, attained by well-established procedures and technology for identifying and executing high-margin projects.
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With the use of technology and new ideas, They have a track record of effectively completing complicated tasks.
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An integrated player with tremendous development potential for its Solutions and Convergence business segments, delivering solutions throughout the full transmission infrastructure value chain.
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A high return on investment (ROI) and a lean capital structure with many funding options.
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The organization have a significant focus on environmental, social, and governance (ESG).
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Board, management, and technical staff all have extensive expertise.
Risks
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11 Currently Active Projects throughout the planning, engineering, and construction stages can be fraught with dangers.
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Inability to recognize and correct defects or irregularities in the title of the property it holds or plans to purchase for its purposes.
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Third-party contractors pose a performance risk, as well as operational risks linked with the involvement of third-party contractors and their personnel.
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Operates in a highly competitive market, and greater competition might hurt its ability to win projects and execute its growth strategy.
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Possible delays in obtaining, or failure to maintain, governmental permissions and permits needed to build and run its projects.
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Changes in technology may render its current technologies obsolete or require substantial capital investments.
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Sterlite Power Transmissions Limited IPO FAQs
Sterlite Power Transmissions Limited had filed draft documents with SEBI in August to raise around ₹1,250 crores through an IPO.
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It usually takes ten working days from the last day of subscription to list the stocks on the exchange.
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Your account isn’t debited because the bank only blocks the fund when you apply. The amount will be debited if IPO shares are allotted to you, or they will unblock it on the UPI mandate expiration date.
Yes, it is possible to alter the price and lot size. Use the changing/revising the application form that comes with the application kit.
No. investors can submit only one application against one PAN card.
Pratik Agarwal is the Group CEO of Sterlite Power. He has held this position since June 2016.
