About the Company:
Sembcorp Energy is a independent power producer (“IPP”) in India,having a successful track record of identifying, developing and operating power generation assets across the thermal and renewable power sectors in India.
As of December 31, 2017, Company had a total power generation capacity of approximately 4.07 GW, comprising approximately 3.57 GW of operating generation capacity and 0.50 GW of generating capacity under construction.
Company sells power generated from their operational assets under a combination of long-term and short-term power purchase agreements (“PPAs”) to central government agencies, state-owned distribution companies (“DISCOMs”), private customers, as well as on the spot market.
Over 62% of the total capacity (over 96% of their renewables capacity and over 40% of their thermal capacity) is under long-term PPAs with DISCOMs, private customers and power trading companies, ensuring stability of cash flows and potential upside in a tightening power market.
Promoters of the Company:
Company is promoted by Sembcorp Utilities Pte. Ltd. (“SCU”), which is part of the Sembcorp group and a whollyowned subsidiary of Sembcorp Industries Ltd. (“SCI”), which is listed on the main board of the Singapore Exchange.
The Sembcorp group is a global conglomerate present across in 15 countries across five continents, with businesses in energy, water, on-site logistics, marine and urban development.
Globally, the Sembcorp group has facilities with approximately 11 GW of gross power capacity and water and wastewater treatment plants with a combined capacity of approximately nine million cubic meters per day.
The Sembcorp group is a developer and provider of energy, steam, water, natural gas and on-site logistics solutions serving both industrial and municipal customers.
The Sembcorp group’s capabilities extend across diverse fuel sources such as natural gas, coal and renewables. It has an established track record in executing large- scale greenfield energy and water projects globally.
Company’s Customer Mix Across Business:
Company’s Portfolio Comprises:
- two fully-operational thermal power assets with four 0.66 GW supercritical coal-fired units, having a total power generation capacity of 2.64 GW located in the state of Andhra Pradesh, India.
- 34 wind energy assets with a total power generation capacity of approximately 1.39 GW located across seven states in India; this includes approximately 0.50 GW in two wind power assets that they are currently constructing in the states of Tamil Nadu and Gujarat, India.
- three solar power assets with a total power generation capacity of 0.04 GW located in the states of Rajasthan and Gujarat, India.
Company’s Power Assets:
Company’s power portfolio comprises two operational thermal power assets, three operational solar power assets and 34 wind power assets which include two wind power assets that are under construction.
Company’s Thermal Power Business:
SEIL Power Plant – 1,320 MW.
Company owns and operates the SEIL Power Plant. The SEIL Power Plant is a supercritical thermal power generation asset located in Pynampuram and Nelaturu villages in
the Nellore district of Andhra Pradesh, India.
The SEIL Power Plant is located on approximately 1,508.80 acres of land partly owned by us and partly leased by Andhra Pradesh Industrial Infrastructure Corporation
Limited.
SGPL Power Plant – 1,320 MW.
The SGPL Power Plant is a supercritical thermal power generation project with an installed power generation capacity of 1,320 MW. The asset is located at the
Varakavipudi and Ananthapuram villages near the Nellore district of Andhra Pradesh, India.
Company’s Wind Power Business:
Company’s wind power assets are primarily located in the states of Gujarat, Karnataka, Madhya Pradesh, Maharashtra, Rajasthan, Andhra Pradesh and Tamil Nadu in India.
Company’s Solar Power Business:
Company operates the solar power assets through SGIL, which we recently acquired. Company currently has three operational solar power assets, located in the states of Rajasthan and Gujarat in India, with an aggregate installed capacity of 35.00 MW.
Management Team:
- Mr. Vipul Tuli (Designation: Managing Director)
- Mr. Neil Garry McGregor (Designation: Non-executive Chairman)
- Ms. Looi Lee Hwa (Designation: Non-executive Director)
Objectives of the Issue:
Offer for Sale (OFS): (Around Rs.)
- Company will not receive any proceeds of the Offer for Sale by the Selling Shareholders.
Fresh Issue: (Around Rs.)
- Repayment and/or prepayment of certain indebtedness.
- General corporate purposes.
Positives for the Company:
Promoted by a Reputed Company with a Proven Track Record and Robust Corporate Governance.
Company is promoted by SCU, which is a wholly-owned subsidiary of the parent company of the Sembcorp group, SCI.
The Sembcorp group is a leading global conglomerate in the energy, water, on-site logistics, marine and urban development sectors. SCI is listed on the main board of
the Singapore Exchange.
Sembcorp group is 49.46% owned by Temasek Holdings (Private) Limited, the Investment Holding arm of the Government of Singapore.
Sembcorp group is a global conglomerate present in 15 countries across five continents, with businesses in energy, water, on-site logistics, marine and urban
development.
Financials of the Company:
| (in Crores) | FY 16 | FY 17 | 30th Sept 17 |
|---|---|---|---|
| Revenue | 2411.9 | 3418.5 | 2047.21 |
| Net Profit | (-119.7) | (-43.5) | 133.69 |
Valuation of Peer Group Companies:
| Company Name | Face Value | EPS | PE Ratio | RoNW(%) | NAV |
|---|---|---|---|---|---|
| Sembcorp Energy India Ltd | 10 | — | — | — | — |
| NTPC Limited | 10 | 13.00 | 12.77 | 10.86 | 119.63 |
| JSW Energy Limited | 10 | 3.86 | 16.28 | 16.28 | 63.23 |
| Tata Power Company Limited | 1 | 2.34 | 38.68 | 6.26 | 55.97 |
| Adani Power Limited | 10 | -17.82 | NA | -205.83 | 7.78 |
| Reliance Power Limited | 10 | 3.94 | 12.18 | 5.17 | 76.17 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | Will be Updated |
| Issue Closes on:. | Will be Updated |
| Issue Price | Will be Updated |
| Face Value | Rs.10 |
| Minimum Lot | Will be Updated |
| Minimum Investment | Will be Updated |
| Issue Constitutes | Will be Updated |
| Issue Size | Will be Updated |
| Market Cap | Will be Updated |
| Listing at | NSE & BSE |
| Equity Shares Offered | Will be Updated |
| Equity Shares Prior | Will be Updated |
| Equity Shares after the issue | 515,87,21,764 |
Also Read : List of Upcoming IPO’s in India.
Important Dates:
| Finalization of Basis of Allotment | Will be Updated |
| Initiation of Refunds | Will be Updated |
| Credit of Equity Shares: | Will be Updated |
| Listing Date: | Will be Updated |
Subscription Details: (Will be Updated)
| (Subscription-Category-Wise (no. of times) Till time : 00:00) | Shares Offered | Day-1 | Day-2 | Day-3 |
|---|---|---|---|---|
| QIB | ||||
| NII | ||||
| Retail | ||||
| Employee | ||||
| TOTAL |
| Check IPO Allotment Status: |
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Karvy Website (Click on the below Link)http://kosmic.karvy.com:81/ipotrack/ |
| Find the List of Upcoming IPOs in 2019: |
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Upcoming IPOs in 2019 (Click on the below Link)www.UpcomingIPOs-in-India-2019 |
Also Read: Important Ratios you Should Know.
| Company Contact Info: |
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| Sembcorp Energy India Ltd 6-3-1090, A-5, TSR Towers Rajbhavan Road, Somajiguda Hyderabad 500 082, Telangana, India Tel: +91 40 4904 8300 Fax: +91 40 2337 0360 E-mail: cs.india@sembcorp.com Website: www.sembcorpenergyindia.com |
| IPO Registrar Info: |
|---|
| Karvy Computershare Private Limited Karvy Selenium Tower – B Plot 31 and 32 Gachibowli Financial District, Nanakramguda Hyderabad 500 032, Telangana, India Tel: +91 40 6716 2222 Fax: +91 40 2343 1551 E-mail: einward.ris@karvy.com Website: www.karisma.karvy.com |
