Siemens Energy India listing today: What to expect?

Following its demerger from Siemens, Siemens Energy India is set for its much-anticipated listing on Thursday, June 19, 2025. The company’s equity shares will be listed on both the BSE and NSE, with a special pre-open session scheduled between 9.15-9.45 am, before regular trading begins at 10 am. Siemens Energy India’s listing comes at a time when India’s power transmission industry is seeing a surge in investments.

Also, Siemens Energy India today received approvals from BSE and the National Stock Exchange of India for the listing and trading of its equity shares, effective June 19, 2025.

Market positioning and growth prospects

According to Jefferies, Siemens Energy India is expected to become India’s largest listed pure-play power transmission and distribution (T&D) equipment player, reflecting its dominant market position.

A report by PL Capital (April 7, 2025) projects Siemens Energy India to achieve a revenue CAGR of 19.6% over SY24-SY27E, driven by sustained capital expenditure in India’s T&D sector. Operating margins are anticipated to expand by 130 basis points to 17% from the current 15.7%.

Key growth drivers include:

• Sustained capital expenditure from public and private players in India’s T&D industry.
• The emergence of data centres, creating new demand in the energy infrastructure sector.
• Multiple high-voltage direct current (HVDC) tenders in India, each offering an average addressable opportunity of ₹10,000 crore per project.

Siemens Energy India listing price expectations

Ahead of the listing, Nuvama Alt and Quant Research reported that a dummy price of ₹2,478 per share had been discovered on April 7, 2025, with a fresh price discovery set to occur during the pre-open session.

Siemens Energy India’s SY25E earnings per share (EPS) is expected at ₹25.5, compared to Hitachi Energy’s ₹76.5 and GE Vernova T&D’s ₹22.3.

On a P/E basis, Siemens Energy is provisionally valued at 97.2x SY25E earnings, trailing behind Hitachi Energy’s 243.9x but closely aligned with GE Vernova T&D’s 103.2x, based on the dummy price discovered on April 7, 2025.

Background

Siemens received the National Company Law Tribunal (NCLT) ‘s approval for the demerger of the company and Siemens Energy India Ltd.

The equity allotment ratio for this demerger was fixed as 1:1, which means that Siemens shareholders will get one equity share each of Siemens Energy India for every one share that they own as of the record date.

The record date to determine the allotment eligibility was fixed as April 7, 2025.