Sterlite Power Transmissions IPO

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.

Opening Date

To be announced

Closing Date

To be announced

Price Band

To be announced

Issue Size

To be announced

Face Value

To be announced

Market Lot

To be announced

Opening Date

To be announced

Closing Date

To be announced

Price Band

To be announced

Issue Size

To be announced

Face Value

To be announced

Market Lot

To be announced

Listing at NSE, BSE

Sterlite Power Transmissions Limited IPO Important Dates

IPO Open Date To be announced
IPO Close Date To be announced
Allotment Date To be announced
Initiation Of Refunds To be announced
Credit Of Shares To
Demat Account
To be announced
IPO Listing Date To be announced
UPI Mandate Expiry Date To be announced

View all upcoming IPOs

About Sterlite Power Transmissions Limited

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 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.

Financial Highlights

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%

How to apply for Sterlite Power Transmissions Limited IPO?

Following are the detailed description of the processes that will help any new investors start their trading journey:

UPI

  • Step 1: Connect a UPI ID to your bank account
  • Step 2: Once the Demat account is created, link your UPI ID with it
  • Step 3: Register for Sterlite Power Transmissions Limited IPO and accept the payment request on your UPI ID

Demat Account

Sterlite Power Transmissions Limited Noteworthy Highlights

  • According to CRISIL Research, Sterlite Power Transmission is the largest private player in terms of project portfolio under the inter-state TBCB route, with a market share of 26% of transmission projects awarded through the TBCB route, which is second only the Indian state-owned electric utility company.
  • Company also had an impressive 13% market share of the transmission projects auctioned by ANEEL in the period January 2017-June 2021.
  • Sterlite Power Transmission has also invented a robotic solution called "SKYROB 15" to address safety and productivity parameters.

Sterlite Power Transmissions Limited’s Pros & Cons:

Pros Cons
Position of leadership in India's power transmission business, attained by well-established procedures and technology for identifying and executing high-margin projects. 11 Currently Active Projects throughout the planning, engineering, and construction stages can be fraught with dangers.
With the use of technology and new ideas, They have a track record of effectively completing complicated tasks. Inability to recognize and correct defects or irregularities in the title of the property it holds or plans to purchase for its purposes.
An integrated player with tremendous development potential for its Solutions and Convergence business segments, delivering solutions throughout the full transmission infrastructure value chain. Third-party contractors pose a performance risk, as well as operational risks linked with the involvement of third-party contractors and their personnel.
A high return on investment (ROI) and a lean capital structure with many funding options. Operates in a highly competitive market, and greater competition might hurt its ability to win projects and execute its growth strategy.
The organization have a significant focus on environmental, social, and governance (ESG). Possible delays in obtaining, or failure to maintain, governmental permissions and permits needed to build and run its projects.
Board, management, and technical staff all have extensive expertise. Changes in technology may render its current technologies obsolete or require substantial capital investments.

Competitive Analysis: Market Peers

Though the brand is performing outstandingly, the brand has its set of competitors. The below table depicts the total revenue with return on net worth in Power Transmission EPC & Power Product Manufacturing domain with Sterlite Power Transmissions Limited.

Name of the Company Total Revenue (in Rs. crores) Basic EPS NAV Rs. per share PE RoNW %
Sterlite Power Transmission Limited 3,816.96 142.22 207.85 NA 68.42%
Listed Peers (Power Transmission Business)
Power Grid Corporation of India Ltd 40,823.53 23.01 133.68 7.66 17.21%
Adani Transmission Ltd 10,458.93 9.02 81.1 157.17 14.46%
Listed Peers (Power Transmission EPC)
KEC International Ltd 13,144.12 21.5 130.68 19.88 16.45%
Techno Electric & Engineering Company Ltd 956.08 16.53 146.93 18.62 11.25%
Listed Peers (Power Product Manufacturing)
KEI Industries Ltd 4,201.60 30.47 197.88 23.47 15.38%

Sterlite Power Transmissions Limited IPO FAQs

What is Sterlite Power Transmissions Limited IPO?

Sterlite Power Transmissions Limited had filed draft documents with SEBI in August to raise around ₹1,250 crores through an IPO.

When will Sterlite Power Transmissions Limited IPO allotment be available?

Details not available.

What will be the Sterlite Power Transmissions Limited IPO lot size?

Details not available.

When will Sterlite Power Transmissions Limited IPO open for subscription?

Details not available.

What minimum lot size can retail investors subscribe to?

Details not available.

When will Sterlite Power Transmissions Limited list on exchanges?

It usually takes ten working days from the last day of subscription to list the stocks on the exchange.

How to check the allotment status of Sterlite Power Transmissions Limited IPO?

Investors can visit the IPO register's website or BSE/NSE website to check IPO allotment status. Keep your application number, DP id, and PAN number available when checking allotment status. If you are an existing Angel One client, you can check the IPO allotment status by logging in to the customer account.

What would be the listing gains on Sterlite Power Transmissions Limited IPO?

There is no guarantee that the share will list with gain. It depends on the demand for the IPO, global factors, and the short-term outlook, among other factors.

I have finished the application process for Sterlite Power Transmissions Limited IPO, but the funds are not yet debited. What is the reason?

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.

Can I alter my bid for Sterlite Power Transmissions Limited’s IPO after confirming its final application?

Yes, it is possible to alter the price and lot size. Use the changing/revising the application form that comes with the application kit.

Can I submit more than one application for the public issue of Sterlite Power Transmissions Limited using one PAN?

No. investors can submit only one application against one PAN card.

Who is the owner of Sterlite Power Transmissions Limited?

Pratik Agarwal is the Group CEO of Sterlite Power. He has held this position since June 2016.

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