The Sembcorp Green Infra IPO could launch as early as December 2026, as per a Bloomberg report carried by Moneycontrol on 26 October. The renewable energy company is meeting investors for an issue of up to ₹3,750 crore, about $394 million.
What the report says
Sembcorp Industries, based in Singapore, is testing demand for the IPO of its Indian unit. The report quotes people familiar with the matter. Sembcorp did not respond to requests for comment.
The company is backed by Temasek Holdings. It is considering a launch as early as December. The people said the size and timing could still change.
This is a report, not an announcement. Sembcorp Green Infra has not yet confirmed any date or price band.
Where the filing stands
Sembcorp Green Infra filed its draft papers (DRHP) with SEBI in August. The DRHP is the draft document a company files before an IPO. The issue is entirely fresh shares worth up to ₹3,750 crore.
The company is waiting for SEBI's approval. An IPO can only open after that. We list companies in this stage on our upcoming mainboard IPO page.
| Detail | What is reported |
|---|---|
| Issue size | Up to ₹3,750 crore ($394 million) |
| Type | Fresh issue |
| DRHP filed | August 2026 |
| Possible launch | As early as December 2026 |
| Status | Awaiting SEBI approval |
Who is managing the issue?
The report names seven banks working on the IPO. They are Axis Capital, Citigroup, CLSA, HSBC, ICICI Securities, IIFL Capital Services and Kotak Mahindra Capital.
What the company does
Sembcorp Green Infra is among the 10 largest independent renewable power producers in India by operational capacity. This is as of 31 March 2026, as per its offer document.
It has more than 75 renewable energy assets across 18 states. Its gross renewable capacity, installed and under development, is 7.6 gigawatts.
The market around it
The report says India's primary market is gathering momentum after the record Jio Platforms IPO, which was subscribed more than 22 times. IPOs in India have raised nearly $18 billion this year. Last year's record was about $22.4 billion.
We covered another large issue still at the planning stage in our Infinx IPO story.
What happens next
SEBI has to clear the draft papers first. After that, the company files its final offer document (RHP) and announces dates and a price band. We will cover each step when it happens. Until then, the December date is only what people familiar with the plan have told Bloomberg. Read the original report on Moneycontrol.
