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Sterlite Electric Limited – Addendum to DRHP provides updated information submitted by the company as part of its regulatory filing with the Securities and Exchange Board of India (SEBI). The addendum supplements the original Draft Red Herring Prospectus (DRHP) by incorporating revised financial data, operational updates, and additional disclosures in response to regulatory observations.
Sterlite Electric Limited has submitted an addendum to its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI).
The addendum reflects Sterlite Electric Limited’s compliance with SEBI’s disclosure requirements. It includes revised financial statements, updated risk factors, and clarifications on fund utilisation. Following SEBI’s review, the company may proceed to file the Red Herring Prospectus (RHP) and announce issue-related dates. The equity shares are proposed to be listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), subject to final clearances.
| Particulars | Details |
|---|---|
Issue Type |
Fresh Issue of Equity Shares |
Face Value |
₹10 per equity share |
Issue Size |
₹450.00 crore (₹4,500.00 million) |
Proposed Listing |
NSE and BSE |
Price Band |
To be announced in RHP |
Book Running Lead Manager |
Axis Capital Ltd. |
Registrar to the Issue |
Link Intime India Pvt. Ltd. |
These details reflect indicative disclosures available at the DRHP stage and are subject to change based on SEBI observations and final approvals.
Sterlite Electric Limited operates in the power transmission and electrical infrastructure segment. The company focuses on manufacturing conductors and cables, along with providing integrated solutions for utilities and industrial clients. Its offerings are designed to support power distribution networks and infrastructure development across various sectors.
The company’s business model emphasises engineering capabilities, large-scale project execution, and adherence to industry standards. It aims to deliver solutions that align with evolving infrastructure needs while maintaining consistency in quality and operational processes.
According to the DRHP addendum, the IPO proceeds are proposed to be utilised as follows:
| Fund Allocation | Amount (₹ crore) | Purpose |
|---|---|---|
Expansion of Manufacturing Facilities |
220.00 |
Capacity enhancement and modernisation |
Debt Repayment |
150.00 |
Reduction of outstanding borrowings |
R&D and Technology Upgradation |
30 |
Investment in advanced electrical solutions |
General Corporate Purposes |
Balance |
Administrative and operational requirements |
These objectives are aimed at strengthening the company’s operational capabilities and supporting its medium- to long-term growth strategy.
The DRHP provides an overview of Sterlite Electric Limited financial performance over recent years, offering insight into its operational scale and profitability trends.
| Fiscal Year / Period | Revenue from Operations (₹ crore) | Profit / (Loss) After Tax (₹ crore) | Net Worth / Equity (₹ crore) |
|---|---|---|---|
FY23 |
1,250.40* |
85.20* |
1,010.00* |
FY24 |
1,380.75* |
92.15* |
1,085.50* |
FY25 |
1,460.90* |
98.30* |
1,150.20* |
H1 FY26 |
720.45* |
42.10* |
1,180.00* |
Figures as per DRHP addendum disclosures; audited financials available in official filings.
The table below summarises the current status of the IPO process based on publicly available information:
| Milestone / Stage | Date (or Status) | Details |
|---|---|---|
DRHP filed with SEBI |
29 September 2025 |
Initial filing submitted |
Addendum to DRHP |
24 March 2026 |
Updated disclosures filed |
SEBI observations |
Awaited |
Regulatory review in progress |
Red Herring Prospectus (RHP) |
To be announced |
Post SEBI clearance |
IPO Opening Date |
To be announced |
Awaited from company/merchant bankers |
IPO Closing Date |
To be announced |
Declared in RHP |
Allotment Date |
To be announced |
Post IPO closure |
Credit to DEMAT Accounts |
To be announced |
After allotment finalisation |
Listing on NSE/BSE |
To be announced |
Subject to regulatory approvals |
Investors should refer to official filings for final IPO dates to learn more about the IPO listing details and price, and listing timelines.
This content is for informational purposes only and should not be construed as investment advice. Bajaj Finserv Direct Limited shall not be liable for any investment decision taken based on this content.
Sources
LiveMint — IPO News and Updates, https://www.livemint.com/market/ipo
Economic Times — IPO News: Latest IPO News, Upcoming IPO, https://economictimes.indiatimes.com/markets/ipo
Financial Express — IPO News, https://www.financialexpress.com/market/ipo-news/
NDTV Profit — IPOs, https://www.ndtvprofit.com/ipos
Business Today — IPO Corner: Latest IPO News & Analysis, https://www.businesstoday.in/markets/ipo-corner
Sterlite Electric Limited filed the addendum to its DRHP with SEBI on 24 March 2026, updating its financials and disclosures.
The IPO is currently under SEBI review with observations awaited before the next step in the process.
As per the DRHP, the IPO includes a fresh issue of equity shares, with the offer size broadly structured around a fresh issue and potentially an offer‑for‑sale component, subject to final SEBI and exchange requirements.
Subject to regulatory approvals, the company proposes to list its equity shares on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).
The proceeds from the IPO are intended for manufacturing expansion, debt repayment, research and development, and general corporate purposes.
For FY25, Sterlite Electric Limited reported revenue of ₹1,460.90 crore, profit after tax (PAT) of ₹98.30 crore, and a net worth of ₹1,150.20 crore.
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