Bookbuilding IPO | ₹[.] Cr | Listing at BSE, NSE |
Sterlite Electric Ltd. has filed a Draft Red Herring Prospectus (DRHP) with SEBI on September 29, 2025 to raise funds through Initial Public Offer (IPO).
Sterlite Electric Ltd. IPO is a Book Build Issue of 1.56 crore equity shares consisting of a fresh issue of upto 0.78 crore equity shares and an offer for sale (OFS) of upto 0.78 crore equity shares.
The equity shares are proposed to be listed on NSE and BSE. Axial Capital Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Sterlite Electric IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹2 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,55,89,174 shares (agg. up to ₹[.] Cr) |
| Fresh Issue | 77,93,371 shares (agg. up to ₹[.] Cr) |
| Offer for Sale | 77,95,803 shares of ₹2 (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 12,57,49,724 shares |
| Share Holding Post Issue | 14,10,66,858 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Mon, Sep 29, 2025 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not less than 75% of the Net Offer |
| Retail Shares Offered | Not more than 10% of the Net Offer |
| NII Shares Offered | Not more than 15% of the Net Offer |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Incorporated in 2015, Sterlite Electric Ltd. is engaged in manufacturing capital goods and providing system integration solutions for the power transmission and distribution (T&D) industry.
The company operates across four segments: overhead conductors, power cables, optical ground wire (OPGW), and master system integration (MSI) services. Its product range includes ACSR, alloy, composite core, ACCC, ACSS, GAP type conductors, as well as medium, high, and extra-high voltage cables up to 220kV, fibre-integrated and high-ampacity cables. MSI services focus on grid upgrade and upgrade solutions.
The company has supplied products and solutions to over 70 countries, including the USA, Brazil, Sweden, South Africa, Egypt, UAE, Chile, and Peru between April 2022 and March 2025.
Sterlite Electric operates manufacturing facilities in Jharsuguda (Odisha), Piparia and Rakholi (Dadra and Nagar Haveli) for overhead conductors and OPGW, and in Haridwar (Uttarakhand) for power cables.
As of March 31, 2025, the company employed 432 permanent staff and 1,815 contract labourers.
Sterlite Electric Ltd.'s revenue increased by 1% and profit after tax (PAT) dropped by 20% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 4,259.10 | 13,229.87 | 11,036.28 |
| Total Income | 4,997.40 | 4,954.83 | 3,291.30 |
| Profit After Tax | 183.03 | 230.13 | 183.44 |
| EBITDA | 434.40 | 551.05 | 543.06 |
| NET Worth | 1,481.91 | 1,418.43 | 1,632.54 |
| Total Borrowing | 327.22 | 770.53 | 4,611.45 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment/prepayment, in full or part, of all or certain outstanding borrowings availed by the Company; | 350.00 |
| 2 | Funding of capital expenditure requirements for expansion through purchase of plant, machineries and equipment by the Company; and | 252.60 |
| 3 | General corporate purposes. |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 13.23% |
| ROCE | 28.30% |
| Debt/Equity | 0.23 |
| RoNW | 12.35% |
| PAT Margin | 3.66% |
| EBITDA Margin | 10.87% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 14.56 | 12.97 |
| Promoter Holding | 62.69% |
Sterlite Electric IPO is a main-board IPO of 1,55,89,174 equity shares of the face value of ₹2 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Sterlite Electric IPO open and close dates are not available as of now.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Sterlite Electric IPO using UPI as a payment gateway. Zerodha customers can apply in Sterlite Electric IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sterlite Electric IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sterlite Electric IPO dates are not announced. Please check back again after some time.
Sterlite Electric IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Sterlite Electric IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Sterlite Electric IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Sterlite Electric IPO allotment status.
The Sterlite Electric IPO listing date is not yet announced. The tentative date of listing is .
