Sembcorp stock gains IPO milestone as India unit wins SEBI nod

Published on 11/13/2026 at 20:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Sembcorp stock is tied to a new IPO milestone in India. Sembcorp Green Infra plans to raise INR 3,750 crore in a fresh issue.

IPO approval advances renewable-energy plans

Sembcorp Green Infra received SEBI approval for a proposed INR 3,750 crore IPO.
The fresh issue is intended to strengthen the balance sheet and repay or prepay borrowings.
The Indian renewable-energy platform operates 105 projects across 13 states and union territories.

Sembcorp, SG1R50925390, Illustration mit AI erstellt.

Sembcorp Green Infra, the Indian renewable-energy arm of Sembcorp Industries, received approval for a proposed INR 3,750 crore initial public offering on Friday, November 13, 2026. The Hindu BusinessLine reported that the Securities and Exchange Board of India approved the proposed issue.

The offering is planned as an entirely fresh issue of equity shares, with no offer-for-sale component. The proceeds are intended to support the company's balance sheet and repay or prepay loans held by Sembcorp Green Infra and certain subsidiaries.

Renewables platform expands in India

Sembcorp Green Infra has operated in India since 2005 and develops, builds, operates and maintains utility-scale renewable-energy projects. Its portfolio includes wind, solar, hybrid and storage-linked projects across 13 states and union territories, with 105 projects as of March 31, 2026.

For fiscal 2026, the company reported revenue from operations of INR 2,652.50 crore, EBITDA of INR 2,098.73 crore and profit after tax of INR 371.08 crore. The corresponding fiscal 2025 figures were INR 2,318.29 crore, INR 1,837.12 crore and INR 298.83 crore, respectively.

Sembcorp Industries said on its investor-relations website that it is focused on renewable energy and urban solutions in Asia.