In December 2024, Continuum Green Energy Limited filed its DRHP with SEBI, which got the green signal from the market regulator on April 15, 2025, to raise funds of ₹3650 crore via an Initial Public Offering (IPO).
The IPO comprises a combination of a fresh issue of ₹1250 crore and an Offer-for-sale of up to ₹2,400 crore of equity shares by its promoters.
The proceeds raised from the fresh issue will be utilized for the repayment or prepayment of the existing loans taken by the company, including accrued interest. Utilizing funds of ₹1100 crore in the subsidiaries. Whereas, the remaining funds will be used for the company’s general corporate purposes.
Continuum Green Energy, founded in 2007, is one of the well-known independent power producer IPPs companies in India, having over 14 years of experience in terms of identifying, developing, constructing, and operating renewable energy projects in India. Its goal is to provide green power to commercial & industrial consumers.
In 2012, they were the first ever power producers to sell wind energy to C&I consumers from our 18 MW wind farm in Gujarat, India. They have established their name by building up a large co-located wind-solar hybrid (WSH) farm with a capacity of 226.8 MWp in Tamil Nadu in 2021.
More than 170 diverse, high-credit-grade C&I users had PPAs with Continuum Green Energy Limited as of June 30, 2024.
In FY24, the company generated a revenue of ₹1,294 crore from operations, compared to revenue of ₹970 crore in fiscal 2023, showcasing a great increment in revenue.
Kotak Investment Banking, Ambit, Citigroup Global Markets India, and JM Financial are the book-running lead managers to the offer. While Link Intime India Private Limited is the registrar of the issue.
Continuum Green Energy IPO Prospectus:
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | To be Updated Soon |
Continuum Green Energy Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax |
| 2022 | ₹963.96 | ₹1,011.18 | ₹75.08 |
| 2023 | ₹1,112.55 | ₹1,384.11 | ₹367.15 |
| 2024 | ₹1,378.85 | ₹1,815.11 | ₹597.98 |
| June 2024 | ₹439.42 | ₹601.02 | ₹111.70 |
Continuum Green Energy IPO Valuation – FY2024
Continuum Green Energy IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | -₹5.10 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | N/A |
| Net Asset Value (NAV): | -₹1.57 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Adani Green Energy Limited | 6.21 | 214.19 | 11.19 | 62.08 | 9,220 Cr. |
| ReNew Energy Global PLC** | 9.94 | 52.16 | 3.24 | 290.15 | 8,194.80 Cr. |
| NTPC Green Energy Limited | 0.73 | 176.99 | 5.53 | 10.90 | 1,962.60 Cr. |
| ACME Solar Holdings Limited | 12.55 | 20.76 | 26.95 | 49.62 | 1,319.25 Cr. |
Objects of the Issue
- Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by certain of our Subsidiaries, including payment of accrued interest thereon, through investment in such Subsidiaries; and
- General corporate purposes.
IPO Lead Managers aka Merchant Bankers
- Kotak Mahindra Capital Company Limited
- Ambit Private Limited
- Citigroup Global Markets India Private Limited
- JM Financial Limited
