Q1. What is the business of Sterlite Electric Limited ?

It manufactures power conductors, power cables, and OPGW solutions while delivering transmission and distribution infrastructure projects across India and over 70 international markets.

Q2. Why is the company raising funds via IPO?

For debt reduction, capacity expansion through new plant and machinery, and general corporate purposes to support future growth.

Q3. What is the size of the issue and where will it list?

The IPO includes a Fresh Issue of ~77.9 Lakhs Equity Share and an Offer for Sale (OFS) of ~77.9 Lakhs Equity Share. It will be listed on NSE and BSE platform.

Q4. What are the key risks to an investor?

Key risks include dependence on infrastructure spending, fluctuations in aluminium and copper prices, project execution challenges, and competition from established industry players.

Q5. What are the potential upsides?

Strong exposure to India's power infrastructure boom, global presence in 70+ countries, diversified product portfolio, and debt reduction plans could drive long-term growth.

Q6. How to apply for the IPO?

Investors can apply for the IPO through ASBA via net banking or using UPI through registered stock brokers once the IPO opens for subscription.

Sterlite Electric Limited

Upcoming

Sterlite Electric Limited

Market Cap

₹ 7,746 – 9,682

IPO Issue Size

1,55,89,174 Equity Shares

Expected Price by IPOCorner

₹ 580 – 725

IPO Score

*Score varies on actual price

Sterlite Electric Limited is an integrated power transmission and distribution solutions company engaged in manufacturing overhead conductors, power cables, optical ground wire (OPGW), and providing system integration services for power infrastructure projects. The company serves utilities, transmission operators, and industrial customers across India and international markets, it operates stores in Mumbai and Ahmedabad.

Sterlite Electric Limited was incorporated in 2015 & currently Mr. Pratik Agarwal serves as the Managing Director of the company.

Sterlite Electric Limited filed its DRHP with SEBI on 29 September 2025. The Issue size of the IPO is 1,55,89,174 Equity shares, including as Fresh issue of 77.9 Lakhs Equity Shares and an Offer for Sale (OFS) of ~77.9 Lakhs Equity Shares.

It manufactures overhead conductors, power cables, and optical ground wire (OPGW), and also provides master system integration (MSI) solutions for power transmission and distribution networks. The company serves utilities, EPC contractors, and industrial customers in India and overseas. It exports its products and solutions to customers in 70+ countries across regions including the USA, Brazil, and UAE. It held approximately 15% market share by value in India’s power conductor market in FY25.

Subscription date to apply for Sterlite Electric Limited is yet to be announced. Price band for the IPO is yet to be declared.

1,55,89,174 Equity Shares

Fresh Issue

77,93,371 Equity Shares

Offer for Sale

77,95,803 Equity Shares

Year	2025
Networth	₹ 1481.91 Cr
Revenue	₹ 4955.76 Cr
EBITDA	₹ 543.06 Cr
PAT	₹ 183.03 Cr
EBITDA Margin	10.87%
PAT Margin	3.66%
Face Value	Rs.02 per Equity Share

IPO Important Dates

#	Date
Open Date	TBA
Close Date	TBA
Anchor Investor Bidding	TBA
Allotment Date	TBA
Refunds& Demat Credit	TBA
Tentative Listing Date	TBA

Use Of Proceeds

Purpose	Amount
Repayment/Prepayment of Borrowing	₹ 350 Cr
-	-
-	-
-	-
-	-
General Corporate Purpose	Balance

Financial Data

#	2023	2024	2025
Revenue (₹ Cr)	₹ 3,278.6	₹ 4,917.9	₹ 4,955.8
PAT (₹ Cr)	₹ 183.4	₹ 230.1	₹ 183.0
Asset (₹ Cr)	₹ 11,036.3	₹ 13,229.9	₹ 4,259.1
Net Worth (₹ Cr)	₹ 1,632.5	₹ 1,418.4	₹ 1,481.9

IPO Grey Market Premium

Date	IPO Price	IPO GMP	Profit Per Lot
17-Aug	₹ –	₹ –	₹ –
16-Aug	₹ –	₹ –	₹ –
15-Aug	₹ –	₹ –	₹ –
14-Aug	₹ –
13-Aug	₹ –	₹ 205	₹ 3690

Pros

Strong position in India’s growing power transmission and distribution sector driven by energy demand and grid expansion.
Diversified product portfolio including conductors, power cables, OPGW, and system integration services.
Presence in 70+ countries provides geographic diversification and export opportunities.
Backed by the experienced promoter group behind Sterlite Power with an established industry track record.
IPO proceeds are expected to support debt reduction and strengthen the balance sheet.

Cons

Business performance is closely linked to government and utility spending on power infrastructure.
Revenue can be project-based, leading to fluctuations in earnings and cash flows.
High dependence on raw material prices such as aluminum and copper can pressure margins.
Faces competition from established players like KEI Industries, Polycab India, and Apar Industries.
IPO valuation and pricing are not yet available, making it difficult to assess listing upside at this stage.

Promoters – Pre offer equity (Approx)

Promoters	% Shares
Twin Star Overseas Limited	61.81%
-	-
-	-
-	-
-	-
-	-

Lot Size details

Application Type	Lot Size	No. of Lot	No. of Shares	Investment Amount
Retail (Min)	–	1	–	₹ –
Retail (Max)	–	13	–	₹ –
HNI (Min)	–	14	–	₹ –
HNI (Max)	–	66	–	₹ –
Big HNI (Min)	–	67	–	₹ –

Key Performance Index (KPI)

ROE	13.23%
ROCE	28.30%
RoNW	12.35%

Lead / Book Running Lead Managers

Aryaman Financial Services Limited, Motilal Oswal Investment Advisors Limited, Nuvama Wealth Management Limited, Axis Capital Limited

Registrar (RTA)

MUFG Intime India Private Limited

Q1. What is the business of Sterlite Electric Limited ?
It manufactures power conductors, power cables, and OPGW solutions while delivering transmission and distribution infrastructure projects across India and over 70 international markets.
Q2. Why is the company raising funds via IPO?
For debt reduction, capacity expansion through new plant and machinery, and general corporate purposes to support future growth.
Q3. What is the size of the issue and where will it list?
The IPO includes a Fresh Issue of ~77.9 Lakhs Equity Share and an Offer for Sale (OFS) of ~77.9 Lakhs Equity Share. It will be listed on NSE and BSE platform.
Q4. What are the key risks to an investor?
Key risks include dependence on infrastructure spending, fluctuations in aluminium and copper prices, project execution challenges, and competition from established industry players.
Q5. What are the potential upsides?
Strong exposure to India’s power infrastructure boom, global presence in 70+ countries, diversified product portfolio, and debt reduction plans could drive long-term growth.
Q6. How to apply for the IPO?
Investors can apply for the IPO through ASBA via net banking or using UPI through registered stock brokers once the IPO opens for subscription.