Q1. What is the business of Continuum Green Energy Limited ?

It is a leading renewable energy producer that develops and operates wind, solar, and hybrid power projects, supplying clean electricity to commercial, industrial, and utility customers across India.

Q2. Why is the company raising funds via IPO?

To reduce debt through investments in subsidiaries, strengthen its balance sheet, and support future growth opportunities in renewable energy.

Q3. What is the size of the issue and where will it list?

The IPO includes a Fresh Issue of ₹ 1250 Cr and an Offer for Sale (OFS) of ₹ 2400 Cr. It will be listed on NSE and BSE platform.

Q4. What are the key risks to an investor?

Key risks include high debt levels, dependence on regulatory policies, weather-related variability in power generation, project execution challenges, and intense competition within the renewable energy sector.

Q5. What are the potential upsides?

Strong renewable energy demand, long-term power purchase agreements, debt reduction from IPO proceeds, experienced management, and India's clean-energy transition could support long-term growth and value creation.

Q6. How to apply for the IPO?

Investors can apply for the IPO through ASBA via net banking or using UPI through registered stock brokers once the IPO opens for subscription.

Continuum Green Energy Ltd

Upcoming

Continuum Green Energy Ltd

Market Cap

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IPO Issue Size

₹ 3,650 Cr

Expected Price by IPOCorner

—-

IPO Score

*Score varies on actual price

Continuum Green Energy Limited is an independent renewable power producer focused on generating and supplying green electricity from wind, solar, and hybrid energy projects. The company primarily serves commercial & industrial (C&I) customers, along with state utilities and power exchanges across India.

Continuum Green Energy Limited was incorporated on 2007 & currently Mr. Arvind Bansal serves as the Chief Executive Officer of the company.

Continuum Green Energy Limited filed its DRHP with SEBI on 09 December 2024. The IPO features a fresh issue of ₹ 1250 Cr and an Offer for Sale (OFS) of ₹ 2400 Cr.

It develops, owns, and operates utility-scale wind, solar, and hybrid renewable energy projects, supplying green power mainly to commercial & industrial (C&I) customers through long-term power purchase agreements.

Subscription date to apply for Continuum Green Energy Limited is yet to be announced. Price band for the IPO is yet to be declared.

Year	2025
Networth	₹ -184.32 Cr
Revenue	₹ 1,294.83 Cr
EBITDA	₹ 1,011.31 Cr
PAT	₹ -597.98 Cr
EBITDA Margin	73.34%
PAT Margin	-46.18%
Face Value	Rs.10 per Equity Share

IPO Important Dates

#	Date
Open Date	TBA
Close Date	TBA
Anchor Investor Bidding	TBA
Allotment Date	TBA
Refunds& Demat Credit	TBA
Tentative Listing Date	TBA

Use Of Proceeds

Purpose	Amount
Repayment/Prepayment of Borrowing	₹ 1,100 Cr
-	-
-	-
-	-
-	-
General Corporate Purpose	Balance

Financial Data

#	2023	2024	2025
Revenue (₹ Cr)	₹ 901.2	₹ 970.3	₹ 1,294.8
PAT (₹ Cr)	₹ -75.1	₹ -367.1	₹ -598.0
Asset (₹ Cr)	₹ 7,318.1	₹ 11,439.5	₹ 13,163.5
Net Worth (₹ Cr)	₹ 705.6	₹ 330.2	₹ -184.3

IPO Grey Market Premium

Date	IPO Price	IPO GMP	Profit Per Lot
17-July	₹ –	₹ –	₹ –
16-July	₹ –	₹ –	₹ –
15-July	₹ –	₹ –	₹ –
14-July	₹ –
13-July	₹ –

Pros

Strong presence in the fast-growing renewable energy sector with wind, solar, and hybrid assets.
Long-term power purchase agreements provide relatively predictable revenue visibility.
Increasing demand for green energy from commercial and industrial customers across India.
Experienced management team with a track record in developing and operating renewable projects.
Favorable government policies and energy-transition initiatives support sector growth.

Cons

Renewable energy projects require high capital expenditure and significant debt funding.
Revenue can be affected by regulatory changes and state-level power policies.
Project execution delays and land/acquisition challenges can impact growth plans.
Business performance depends on weather conditions affecting wind and solar generation.
Competitive industry with pressure from large renewable energy players such as Adani Green Energy, ReNew Energy, and NTPC Green Energy.

Promoters – Pre offer equity (Approx)

Promoters	% Shares
Continuum Green Energy Holdings Limited	85.35%
-	-
-	-
-	-
-	-
-	-

Lot Size details

Application Type	Lot Size	No. of Lot	No. of Shares	Investment Amount
Retail (Min)	–	1	–	₹ –
Retail (Max)	–	13	–	₹ –
HNI (Min)	–	14	–	₹ –
HNI (Max)	–	66	–	₹ –
Big HNI (Min)	–	67	–	₹ –

Key Performance Index (KPI)

ROE	-
ROCE	19.2%
RoNW	Not Applicable

Lead / Book Running Lead Managers

Kotak Mahindra Capital Company Limited, Ambit Private Limited, Citigroup Global Markets India Private Limited

Registrar (RTA)

Link Intime India Private Limited

Q1. What is the business of Continuum Green Energy Limited ?
It is a leading renewable energy producer that develops and operates wind, solar, and hybrid power projects, supplying clean electricity to commercial, industrial, and utility customers across India.
Q2. Why is the company raising funds via IPO?
To reduce debt through investments in subsidiaries, strengthen its balance sheet, and support future growth opportunities in renewable energy.
Q3. What is the size of the issue and where will it list?
The IPO includes a Fresh Issue of ₹ 1250 Cr and an Offer for Sale (OFS) of ₹ 2400 Cr. It will be listed on NSE and BSE platform.
Q4. What are the key risks to an investor?
Key risks include high debt levels, dependence on regulatory policies, weather-related variability in power generation, project execution challenges, and intense competition within the renewable energy sector.
Q5. What are the potential upsides?
Strong renewable energy demand, long-term power purchase agreements, debt reduction from IPO proceeds, experienced management, and India’s clean-energy transition could support long-term growth and value creation.
Q6. How to apply for the IPO?
Investors can apply for the IPO through ASBA via net banking or using UPI through registered stock brokers once the IPO opens for subscription.