SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Continuum Green Energy files preliminary papers with SEBI for IPO

11 Dec 2024 Evaluate

Continuum Green Energy has filed preliminary papers with capital markets regulator - Securities and Exchange Board of India (SEBI) for floating a Rs 3,650 crore initial public offering (IPO). The proposed IPO is a combination of a fresh issue of equity shares valued Rs 1,250 crore and an Offer for Sale (OFS) of equity shares worth Rs 2,400 crore by promoter Continuum Green Energy Holdings.

The company may consider raising Rs 250 crore in a Pre-IPO placement round. If such placement is completed, the fresh issue size will be reduced. 

The company intends to utilize the funds from the fresh issue to repay or partially repay certain loans taken by its subsidiaries, including accrued interest, by investing Rs 1,100 crore in these subsidiaries. Additionally, a portion of the proceeds will be allocated for general corporate purposes. 

Founded in 2007, Continuum Green Energy owns and operates large wind projects and large wind-solar co-located/hybrid projects in India.

Peers
Company Name CMP
NTPC 352.00
Tata Power 390.25
Power Grid Corp 286.65
Adani Power 215.65
Torrent Power 1383.85
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: