The Sterlite Power Transmissions Limited Date Will Be Updated Soon .
Sterlite Power Transmission has filed for a Draft Red Herring Prospectus (DRHP) for its IPO valued at Rs. 1250 crore. The proceeds of the transaction would be utilised to satisfy the debts of the company and its subsidiary Khargone Transmission Ltd (KTL). The company has an outstanding working capital and term loan arrangement of Rs.7,323.99 crore, both fund-based and non-fund-based.
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Sterlite Power Transmissions Limited GMP
The Sterlite Power Transmissions Limited IPO GMP is ₹[].
IPO Overview
The issue’s lead managers are Axis Capital, ICICI Securities, and JM Financial. The firm may consider a pre-IPO purchase of up to Rs 220 crore. Sterlite Power Transmission is a primary private-sector power transmission infrastructure developer and solutions provider with offices in India and Brazil. They have the most extensive private project portfolio under the interstate TBCB route, accounting for 26% of transmission projects awarded over the route. They commenced operations in Brazil in 2017 as part of its international expansion.
The company’s promoters are TWIN STAR OVERSEAS LIMITED and Anil Agarwal. The issue’s lead managers are Axis Capital Limited, ICICI Securities Limited, and JM Financial Limited, and the Registrar is KFin Technologies Private Limited.
Sterlite Power Transmissions Limited 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% |
Company Profile
Sterlite Power Transmissions Limited is the private sector’s top solutions provider and power transmission infrastructure developer, founded by billionaire Anil Agarwal. The company operates in India and Brazil. Sterlite Power Transmissions Limited commenced its operations in 2006 as a part of Sterlite Technologies Limited’s transmission grid business division. The business was demerged and evolved as a separate company in 2016. The company offers solution services primarily through Global infrastructure and solutions. Sterlite Power Transmission Limited has become the most prominent project portfolio under the TBCB route, with a market share of 26% of transmission projects awarded through the TBCB route.
Additionally, the company holds a 13% market share in transmission projects that were auctioned by the Brazilian Electricity Regulatory Authority (ANEEL) between January 2017 and June 2021, according to ANEEL. The company’s Global infrastructure business unit operates in India and Brazil, managing power transmission assets and participating in design bids. The company expanded its operations to Brazil the following year.
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
