Sterlite Power Transmission IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 17, 2022Let’s have a detailed review of the company and analytics of the Sterlite Power Transmission IPO release date, IPO offer price, subscription, Sterlite Power Transmission Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 2 |
| Price Band | Rs [●] |
| Listing At | BSE, NSE |
| Min. Order Quantity | NA |
| Listing Date | NA |
| Offer for Sale | Rs Million |
| Fresh Issue | Rs Million |
| IPO Size | Rs 12,500.00 Million |
| Tick Size | 1 |
Sterlite Power Transmission IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
Sterlite Power Transmission IPO – Summary
They are a leading private sector power transmission infrastructure developer and solutions provider, operating in India and Brazil.
According to CRISIL Research, they are 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.
They expanded internationally by commencing operations in Brazil in 2017. The Promoter of this company is TWIN STAR OVERSEAS LIMITED AND ANIL AGARWAL.
The lead manager to the issue is Axis Capital Limited, ICICI Securities Limited, and JM Financial Limited and the Registrar to this issue is KFin Technologies Private Limited.
Sterlite Power Transmission IPO Date
The opening and the closing date of the IPO of Sterlite Power Transmission Limited are not available yet.
Check out Related IPO Links:
| Sterlite Power Transmission IPO GMP |
| Allotment – Sterlite Power Transmission IPO |
Sterlite Power Transmission IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – | ||||
| 2nd Day – | ||||
| 3rd Day – | ||||
| Shares Offered or Net Issue |
The shares subscribed by the public will be updated here.
Check Sterlite Power Transmission IPO LIVE Subscription
- Sterlite Power Transmission IPO LIVE Bid details on BSE
- Sterlite Power Transmission IPO LIVE Bid details on NSE
For the Latest Bid details click on the above links.
Sterlite Power Transmission IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Sterlite Power Transmission Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | – |
| Refunds Initiation | – |
| Credit of Shares to Demat Account | – |
| Share Listing Date | – |
Sterlite Power Transmission IPO Price Band
The face value of each share is Rs.2, but the price band of the IPO is Rs.[●]
Sterlite Power Transmission IPO Equity Size
This Initial Public Issue of X Equity Shares of Rs.2 each for cash at a price of Rs.[●] per equity share aggregating to Rs.12,500.00 Million.
Sterlite Power Transmission IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.2/ each.
Issue Size: X Equity Shares of Rs.2 each, aggregating to Rs.12,500.00 Million
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Sterlite Power Transmission IPO – Live Performance
The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Sterlite Power Transmission Share Price |
Sterlite Power Transmission IPO Grey Market Premium
The Sterlite Power Transmission Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Sterlite Power Transmission IPO – Company Overview
This company is a leader in the domain of integrated power transmission and solution provision. They are highly driven to a framework that looks after rather tough and complicated issues in the sector.
Their Global Infrastructure business unit has a global focus, with operations currently in India and Brazil.
In addition, they also operate the Convergence business unit, which leverages existing power utility infrastructure for telecommunications purposes by building optical fibre infrastructure on top of existing utility networks.
While the contribution of the Convergence business unit to their overall business is currently minor, they believe it provides them an opportunity for future growth.
Sterlite Power Transmission IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Million) | |||
| 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Total Assets | 67,542.69 | 91,457.19 | 1,22,671.74 |
| *Total Revenue | 38,169.59 | 51,583.16 | 35,714.60 |
| Total Expense | 26,577.59 | 37,283.22 | 40,877.31 |
| Profit After Tax | 8,701.24 | 9,429.73 | (5,247.95) |
Earnings per Equity Share (in Million)
| 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Basic & Diluted | 142.22 | 154.13 | (85.78) |
Further, their PAT for the period ended on March 31, 2021, March 31, 2020, and March 31, 2019, were Rs. 8,701.24 Million, Rs. 9,429.73 Million, and Rs. (5,247.95) Million respectively.
Sterlite Power Transmission IPO – Promoters
The Promoter of this company is:
- TWIN STAR OVERSEAS LIMITED
- ANIL AGARWAL
List of Related Parties (Key Managerial Personnel)
- Pravin Agarwal, Chairman, and Non-executive Director
- Pratik Pravin Agarwal, Managing Director
- Alampallam Ramakrishnan Narayanaswamy, Independent Director
- Zhao Haixia, Independent Director
- Anoop Seth, Independent Director
Sterlite Power Transmission IPO – Promoters Holding
- Pre Issue Share Holding – %
- Pos Issue Share Holding – %
Sterlite Power Transmission IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to X Equity Shares aggregating up to Rs.12,500.00 Million |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 61,181,902 Equity Shares |
| Equity Shares outstanding after the Issue | X Equity Shares |
Sterlite Power Transmission IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- Repayment or pre-payment, in full or part, of certain borrowings availed by their Company and KTL; and
- General corporate purposes
Sterlite Power Transmission IPO – Business Strategy
- Maximize their ROCE by continuing to bid for and execute high IRR projects in India and Brazil
- Continue to invest in technology differentiation
- Pursue inorganic growth on an opportunistic basis
- Grow their MSI and Convergence business units
Sterlite Power Transmission IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Leadership position in the Indian power transmission sector, achieved through established processes and technology to identify and execute high margin projects;
- track record of executing complex projects successfully, with the use of technology and innovative solutions;
- An integrated player offering solutions across the entire transmission infrastructure value chain, with high growth potential for their Solutions and Convergence segments;
- High ROCE and an efficient capital structure with access to multiple funding sources;
- Highly experienced Board, management, and technical team;
- Purpose-driven organization, with a strong focus on ESG.
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 142.22 | 68.42 | 207.85 |
| 31-Mar-20 | 154.13 | 234.64 | – |
| Mar-19 | -85.78 | 97.00 | – |
Sterlite Power Transmission IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Millions) | |
| Sterlite Power Transmission Limited | 2 | [●] | 142.22 | 68.42 | 38,169.59 |
| Listed Peers | |||||
| Power Grid Corporation of India Ltd | 10 | 7.66 | 23.01 | 17.21 | 408,235.3 |
| Adani Transmission Ltd | 10 | 157.17 | 9.02 | 14.46 | 1,04,589.3 |
| KEC International Ltd | 2 | 19.88 | 21.50 | 16.45 | 1,31,441.2 |
| Techno Electric & Engineering Company Ltd | 2 | 18.62 | 16.53 | 11.25 | 9,560.83 |
| KEI Industries Ltd | 2 | 23.47 | 30.47 | 15.38 | 42,015.97 |
Sterlite Power Transmission IPO Lead Managers
| Lead Managers |
| Axis Capital Limited
ICICI Securities Limited JM Financial Limited |
Sterlite Power Transmission IPO Registrar to offer
| Registrar to the Offer |
| KFin Technologies Private Limited (formerly known as “Karvy Fintech Private Limited”) Selenium, Tower B Plot No- 31 and 32, Financial District Nanakramguda, Serilingampally Hyderabad, Rangareddi 500 032 Telangana, India Tel.: +91 40 6716 2222 Fax: +91 40 2343 1551 Toll-free number: 1800 309 4001 E-mail: sptl.ipo@kfintech.com Investor Grievance E-mail: einward.ris@kfintech.com Website: www.kfintech.com Contact Person: M. Murali Krishna SEBI Registration No.: INR000000221 CIN: U72400TG2017PTC117649 |
Sterlite Power Transmission IPO – Other Details
- Statutory Auditor – S R B C & CO LLP, Chartered Accountants
- Legal Counsel to the Company – Cyril Amarchand Mangaldas
- Bankers to the Company – Axis Bank Limited, ICICI Bank Limited, IDBI Bank Limited, and Export-Import Bank of India
Sterlite Power Transmission IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Sterlite Power Transmission Limited IPO News
News 1 – Sterlite Power Transmission Limited IPO DRHP Download
News 2 – Sterlite Power Transmission IPO RHP Download
Sterlite Power Transmission IPO Review FAQs
Ques – What is the Issue Size of Sterlite Power Transmission IPO?
Answer – The Company is making an initial public offer of NA equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
Ques – What is the Price band of Sterlite Power Transmission IPO?
Answer – The price band for this particular IPO, i.e. Sterlite Power Transmission IPO ranges between NA. As far as the face value of the share is of concern, it is Rs.2 per share.
Ques – What is the Sterlite Power Transmission IPO Open Date?
Answer – The opening and closing dates for Sterlite Power Transmission IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.
Ques – What is the Sterlite Power Transmission IPO Allotment Date?
Answer – They also have the news regarding the respective allotment dates of the Sterlite Power Transmission IPO.
Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.
Ques – What is the Sterlite Power Transmission IPO Listing Date?
Answer – Shares of Sterlite Power Transmission shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.
Ques – Who is the Registrar of Sterlite Power Transmission IPO?
Answer – One of the reputed registrars is managing the issue of Sterlite Power Transmission IPO, i.e. KFin Technologies Private Limited.
Their website will help you regarding the further information you are on the lookout for.
Ques – Who is the Promoter of Sterlite Power Transmission IPO?
Answer – Here are the promoters of Sterlite Power Transmission – TWIN STAR OVERSEAS LIMITED AND ANIL AGARWAL. You can refer to the RHP for further information on the promoter.
You will find the link to RHP in the article.
Ques – What is the GMP of Sterlite Power Transmission IPO?
Answer – They have obtained the GMP of Sterlite Power Transmission IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Ques – Is Sterlite Power Transmission IPO good for Investment?
Answer – They have further provided the financial status of the company in this article, from the past few years.
You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
Ques – What is the PAT of Sterlite Power Transmission Company?
Answer – They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Million is 8,701.24, 2020 is 9,429.73, 2019 is (5,247.95).
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