BAJAJ FINSERV DIRECT LIMITED

IPO-Insights

Sterlite Electric IPO – Addendum to DRHP

Anshika Posted on May 18, 2026

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 IPO DRHP Addendum Filing

Sterlite Electric Limited has submitted an addendum to its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI).

Filing Overview

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.

Issue Structure

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.

About the Company

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.

IPO Objectives

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.

Financial Highlights

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.

IPO Timeline Summary

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.

Disclaimer

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

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FAQs

When was the addendum to the DRHP filed?

Sterlite Electric Limited filed the addendum to its DRHP with SEBI on 24 March 2026, updating its financials and disclosures.

What stage is the IPO currently at?

The IPO is currently under SEBI review with observations awaited before the next step in the process.

What is the proposed structure and size of the IPO?

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.

Where are the shares proposed to be listed?

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).

What are the IPO objectives?

The proceeds from the IPO are intended for manufacturing expansion, debt repayment, research and development, and general corporate purposes.

What are the key financial highlights?

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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Hi! I’m Geetanjali Lachke

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Geetanjali is an emerging content writer with a passion for writing and marketing. She focuses on crafting clear, engaging blog posts and articles that simplify complex topics, particularly in finance and business. Geetanjali is dedicated to delivering insightful content that helps readers understand and navigate critical concepts, empowering them to make informed decisions and stay ahead in the ever-evolving landscape of finance and business.

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