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Sterlite Power Transmission has filed for a Draft Red Herring Prospectus (DRHP) for its IPO valued at Rs. 1250 crore. JM Financial, Axis Capital and ICICI Securities are the lead managers for the issue. Sterlite Power Transmission Limited may consider a pre-IPO transaction worth Rs. 220 crores.
Sterlite Power Transmissions Limited is a top solutions provider and power transmission infrastructure developer in the private sector, founded by billionaire Anil Agarwal. The company operates in India and Brazil. Sterlite Power Transmissions Limited commenced its operations in 2006 as a part of Sterlite Technologies limited transmission grid business division. The business was demerged and evolved as a separate company in 2016. The company expanded its operations to Brazil the following year. The company offers solution services primarily through Global infrastructure and solutions. Sterlite Power Transmission Limited has become the most prominent project portfolio under the TBCB route, with a market share of 26% of transmission projects awarded through the TBCB route.
Moreover, the company has a 13% market share of the transmission projects auctioned by the Brazilian Electricity Regulatory Authority (ANEEL) from January 2017 to June 2021, as per ANEEL. The company’s Global infrastructure business unit conducts operations in India and Brazil, owns and operates power transmission assets and bids for designs. The solutions unit comprises the products sub-unit, which manufactures and supplies an extensive range of products ranging from extra high voltage cables (EHV), high-performance power conductors, Master System Integration (MSI) and optical ground wire (OPGW).
The proceeds will be directed toward the following:
Here are some of the pivotal reasons you should invest in the Sterlite Power Transmission IPO
You may apply for the IPO through a Demat account or UPI. The following steps will guide you toward applying for Sterlite Power Transmission Limited IPO using UPI.
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Sterlite Power Transmissions Limited filed for a DRHP in August to raise Rs. One thousand two hundred fifty crores through an IPO.
The details are currently unavailable.
The details are currently unavailable. However, the Sterlite power grey market price is running stable currently.
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