Sterlite Power Transmission files IPO papers with SEBI; Anil Agarwal-led firm looks to raise Rs 1,250-cr

Sterlite Power Transmission (SPTL) has filed a draft red herring prospectus (DRHP) to launch Rs 1,250-crore IPO, with a face value of Rs 2 each. The promoters of the company are Anil Agarwal and Twin Star Overseas. The shares of Sterlite Power Transmission will be listed on BSE and National Stock Exchange. According to the draft papers, the company may consider a pre-IPO placement of Rs 220 crore. The book running lead managers are Axis Capital, ICICI Securities and JM Financial. The registrar to the issue is KFin Technologies Private Ltd.

Sterlite Power Transmission has reserved 75 per cent of the net issue for the Qualified Institutional Buyers (QIBs) and 15 per cent to Non-Institutional Bidders (NIIs). While the remaining 10 per cent has been reserved for retail investors.