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MSEDCL appoints 8 bankers for Rs 10,000 crore IPO

The Times of India July 23, 2026

MSEDCL appoints 8 bankers for Rs 10,000 crore IPO - The Economic Times Benchmarks Nifty23,996.25-191.46FEATURED

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MogulsWebinarsSitemapDefinitionsBusiness News›Markets›IPOs/FPOs›MSEDCL appoints 8 bankers for Rs

10,000 crore IPO HDFC Bank Share PriceICICI Bank Share PriceAxis Bank Share PriceKotak Mahindra Bank Share PriceFederal

Bank Share PriceThe Economic Times daily newspaper is available online now. Read Today's Paper MSEDCL appoints 8 bankers

for Rs 10,000 crore IPOSECTIONSMSEDCL appoints 8 bankers for Rs 10,000 crore IPOBy Himadri Buch, ET BureauLast Updated:

Jul 23, 2026, 06:05:00 AM ISTRate StoryFollow usShareFont

SizeAbcSmallAbcMediumAbcLargeSavePrintCommentSynopsisMaharashtra State Electricity Distribution Co has appointed eight

investment bankers for its proposed initial public offering. This significant issue could potentially raise between

eight thousand and ten thousand crore rupees. The offering will mark the first-ever IPO by the Maharashtra government

and a state-run discom. Mahavitaran, the brand under which MSEDCL operates, will be listed. The utility provides power

to most consumers in India's largest subnational economy.ETMarkets.com The utility, however, carries significant debt on

its balance sheet.Mumbai: Maharashtra State Electricity Distribution Co (MSEDCL) has appointed eight investment bankers

for its proposed initial public offering, which could raise ₹8,000-10,000 crore, people familiar with the development

told ET. The issue will mark the first-ever IPO by the Maharashtra government -and a purely state-run discom in

India.Eight investment bankers -SBI Capital Markets, Axis Capital, IDBI Capital Markets & Securities, ICICI Securities,

HDFC Bank, IIFL Capital Services, DAM Capital and Motilal Oswal Investment Advisors-have been appointed to manage the

offering, according to the people familiar with the matter. An email sent to MSEDCL did not elicit any response.

Individual bankers did not respond to ET's request for a comment.Read more: Can Indo-MIM IPO deliver long-term growth

for high risk investors?The listing will be of Mahavitaran, the brand under which MSEDCL operates. Mahavitaran provides

power to the bulk of the consumers in India's biggest subnational economy, barring the city of Mumbai. The utility,

however, carries significant debt on its balance sheet.Add as a Reliable and Trusted News Source Add Now! (You can now

subscribe to our ETMarkets WhatsApp channel)Read More News onhdfc bankaxis capitalMSEDCL IPOMaharashtra State

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