Continuum Green Energy Ltd. IPO Details
Continuum Green Energy Ltd. was incorporated on May 15, 2007. The company is an independent power producer (IPP) with over 14 years of experience in developing and operating renewable energy projects in India, focusing on supplying green power to commercial, industrial consumers, and utilities
| Bidding Dates |
|---|
| To Be Announced |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 0 | - | - | ₹36,500.0 M | DRHP DOC |
Continuum Green Energy issue details
Continuum Green Energy IPO issue size is ₹ 36,500.0 M
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 10% | 15% | 75% |
Continuum Green Energy IMPORTANT IPO DATES
| Issue Open Date | - |
| Issue close Date | - |
| Allotment Date | - |
| Refund Date | - |
| Demat Account Credit Date | - |
| Listing Date | - |
| Listing on Exchange(s) | NSE and BSE |
Continuum Green Energy NUMBER OF SHARES ON OFFER
Continuum Green Energy FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| Q1FY25 | -1,117.0 | 4,203.1 | 2,748.8 | -1,010.9 | 74.6% |
| FY24 | -5,979.8 | 12,948.4 | 9,321.2 | -23,098.9 | 73.3% |
| FY23 | -3,671.5 | 9,703.0 | 8,715.2 | -13,619.6 | 75.3% |
| FY22 | -750.8 | 9,011.5 | 5,626.9 | -8,815.9 | 78.4% |
Continuum Green Energy INFORMATION ON IPO ISSUE
About Continuum Green Energy
Continuum Green Energy Ltd. was incorporated on May 15, 2007. The company is an independent power producer (IPP) with over 14 years of experience in developing and operating renewable energy projects in India, focusing on supplying green power to commercial, industrial consumers, and utilities
Object of the Issue
- Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by certain subsidiaries, including payment of accrued interest thereon, through investment in such subsidiaries
- General corporate purposes
Continuum Green Energy - PROMOTERS
| Name |
|---|
| Arvind Bansal |
| Vikash Saraf |
| Continuum Green Energy Holdings Limited |
Continuum Green Energy Book Running Lead Manager
Kotak Mahindra Capital Company Limited
continuum.ipo@kotak.com
Ambit Private Limited
continuum.ipo@ambit.co
Citigroup Global Markets India Private Limited
continuumindiaipo@citi.com
JM Financial Limited
continuum.ipo@jmfl.com
Continuum Green Energy Registrar to the Offer
Link Intime India Private Limited
continuumgreen@linkintime.co.in
Continuum Green Energy Strengths
Large green power producer
The company is a large green power producer, well-positioned to capitalize on the underpenetrated commercial and industrial (C&I) market in India's expanding power sector
Ability to build WSH (wind-solar hybrid) projects
The company’s ability to construct large-scale wind projects and convert them into WSH projects provides a competitive edge in the C&I market. According to the CRISIL Report, WSH projects offer greater annual energy cost savings for C&I consumers compared to standalone solar or wind projects at the same per kWh tariffs
Strategically curated portfolio
As an experienced IPP in India, the company has focused on building high-efficiency projects with sustainable value, creating significant entry barriers. Its project portfolio includes an operational capacity of 2,216.67 MWp and an under-construction capacity of 1,308.38 MWp
Continuum Green Energy Risks
Depend on weather
A significant portion of the company's revenue comes from electricity sales generated at its wind/wind-solar hybrid energy projects, accounting for up to 98% of revenue. Any decline in environmental or physical conditions at these project sites could negatively impact its business, cash flow, financial condition, and operations
Operational issues
Operational issues may reduce energy production below expectations, and repairing failures could require significant capital and resources, negatively affecting the company’s business, cash flow, financial condition, and operations
Strict consumer agreements
Many of the company's consumer agreements contain strict terms that allow termination of the power purchase agreement if breached, which could negatively impact its business, cash flow, financial condition, and operations
IPO FAQs
The promoters of the company are Arvind Bansal, Vikash Saraf and Continuum Green Energy Holdings Limited.
The category allocation of qualified institutional buyers is 75.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 10.0%.