Sterlite Power Transmission files DRHP for Rs 1,250-cr IPO; Check details including revenue, profit, promoters, and MORE

Sterlite Power is planning an IPO. And there is a mixed review on this! However, the good news is that its subsidiary company Sterlite Power Transmission is coming with an IPO. Senior Research Analyst Varun Dubey decodes the details related to the IPO.  

Dubey said that finally, they have filed for a DRHP with the Sebi, and asked for approval for the same. A few days back, we had shared information that Sterlite Power is coming with its IPO, and now it is focusing on that. The company is expected to mobilise a Rs 1,250 crore fund from the IPO. Earlier it was expected that it will come up with a Rs 2,000-3,000 crore offer.  

He further added that the valuation of the company in the market is Rs 8,000-10,000 crore. In 2016, this company was separated from Sterlite Tech, and Sterlite Power came into existence. The company has power projects, power transmission projects. From the tariff market share perspective, after Power Grid, this is the country's second-largest power transmission company. However, the company is unlisted, and now preparing for listing.    

Dubey also added that the company not only operates in India but also in Brazil. The company has around 13,500 circuit kilometer transmission lines. And the company has 25 projects, including India and Brazil. Not just in India, the company has a huge presence outside the country as well.

स्टरलाइट पावर ट्रांसमिशन ने दी ₹1250 करोड़ के IPO की अर्जी

क्या है कंपनी की खासियत?

कैसी है कंपनी की मौजूदा वित्तीय स्थिति?

जानने के लिए देखिए ये रिसर्च#SterlitePowerTransmission #IPO @AnilSinghvi_ @VarunDubey85

डाउनलोड करें Zee Business मोबाइल एप: https://t.co/n3bURESey1 pic.twitter.com/ZIWXP0cYps

— Zee Business (@ZeeBusiness) August 17, 2021

If you will check the financials of the company then in FY21, the company had Rs 2,934 crore revenues. The company had around Rs 363 crore profits. If you will see the promoters holding, then Twin Star holds around 76.12 per cent and Vedanta has 1.56 per cent holding.

See Zee Business Live TV Streaming Below:

Where will the company use this amount? “There is a mention in the DRHP that the company has taken a debt. It is expected that they will utilise some amount to clear the debt and there is no clue of the rest amount,” he added.