Continuum Green Energy, a company working in the Green Energy Sector, has been approved to bring the IPO from the Indian market regulator SEBI. The company wants to raise a total of Rs 3,650 crore through this public issue. This issue will be a mixture of fresh share and offer for sale (offs). According to Mint’s report, SEBI approved the company’s IPO proposal on 21 April 2025. Continuum filed Draft Red Herring Prospectus (DRHP) for IPO on 10 December 2024.

What does Continuum Green Energy do?

Continuum Green Energy is an independent electrical producing company that works to identify, develop, build and operate wind, solar and hybrid renewable energy projects. The company mainly supplies green energy to commercial, industrial customers, state and central government distribution agencies and electricity exchanges. Established in 2007, the company has firmly established itself in the renewable energy segment of India.

How will the structure of IPO be?

According to DRHP given to SEBI, this IPO will be divided into two parts. In this, fresh shares worth Rs 1,250 crore will be issued. Also, shares worth Rs 2,400 crore will be sold by promoters under Offs (Offer for Sale).

Where will the use of funds gathered?

The company has said that the amount received from the IPO will be used in its renewable energy projects, repaying some outstanding loans and investing up to Rs 1,100 crore in its subsidiaries. Apart from this, the remaining amount will be used for corporate needs. It is also mentioned in DRHP that before the IPO, the company can perform pre-IPO placements up to Rs 250 crore.

Issu’s lead managers

Kotak Mahindra Capital, Ambit Pvt. Ltd., Citigroup Global Markets India Pvt. Ltd., and JM Financial Ltd. The lead is managing.

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