{"id":5405,"date":"2024-12-10T09:49:13","date_gmt":"2024-12-10T04:19:13","guid":{"rendered":"https:\/\/lakshmishree.com\/news\/?p=5405"},"modified":"2024-12-10T09:49:15","modified_gmt":"2024-12-10T04:19:15","slug":"continuum-green-energy-files-rs-3650-crore-ipo-backed-by-just-climate-and-morgan-stanley","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/news\/continuum-green-energy-files-rs-3650-crore-ipo-backed-by-just-climate-and-morgan-stanley\/","title":{"rendered":"Continuum Green Energy Files Rs 3,650-Crore IPO, Backed by Just Climate and Morgan Stanley"},"content":{"rendered":"\n<p>Continuum Green Energy, supported by Just Climate and Morgan Stanley Infrastructure Partners, has filed draft papers with SEBI for an IPO to raise Rs 3,650 crore.<\/p>\n\n\n\n<p>The offer comprises a fresh issue of Rs 1,250 crore and an offer-for-sale of Rs 2,400 crore by promoter entity Continuum Green Energy Holdings Limited. Proceeds from the issue will be used for debt repayment, interest payment, and general corporate purposes.<\/p>\n\n\n\n<p>This IPO comes after recent listings by NTPC Green Energy and Acme Solar, making Continuum the third renewable energy firm getting ready for a market debut this year. The IPO is led by Kotak Mahindra Capital, Citi, JM Financial, and Ambit Capital, and Shardul Amarchand Mangaldas is the legal advisor.<\/p>\n\n\n\n<p><strong>Key Highlights of Continuum Green Energy<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Founded in 2009 by Arvind Bansal and Vikash Saraf, Continuum is an independent power producer focused on renewable energy projects.<\/li>\n\n\n\n<li>Its largest operational project, located in Rajkot, Gujarat, has a capacity of 394.3 MW.<\/li>\n\n\n\n<li>The company has an operational and under-construction portfolio of 3.52 GWp.<\/li>\n\n\n\n<li>Continuum supplies clean energy to commercial and industrial consumers, as well as state utilities and power exchanges.<\/li>\n<\/ul>\n\n\n\n<p>Earlier this year, Just Climate invested $150 million in equity to support the firm\u2019s wind-solar hybrid projects. Morgan Stanley&#8217;s stake was acquired by Continuum\u2019s co-founders, Arvind Bansal and Vikash Saraf.<\/p>\n\n\n\n<p>Do you have a news tip for Lakshmishree reporters? Please email us at <a>media@lakshmishree.com<\/a><\/p>\n\n\n\n<p><sup><sub>Source: <a href=\"https:\/\/www.moneycontrol.com\/news\/business\/ipo\/just-climate-morgan-stanley-infra-partners-backed-continuum-green-energy-files-for-rs-3-650-crore-ipo-12886323.html\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/www.moneycontrol.com\/news\/business\/ipo\/just-climate-morgan-stanley-infra-partners-backed-continuum-green-energy-files-for-rs-3-650-crore-ipo-12886323.html\" rel=\"noreferrer noopener nofollow\">Moneycontrol<\/a><\/sub><\/sup><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Continuum Green Energy, supported by Just Climate and Morgan Stanley Infrastructure Partners, has filed draft papers with SEBI for an IPO to raise Rs 3,650 crore. The offer comprises a fresh issue of Rs 1,250 crore and an offer-for-sale of Rs 2,400 crore by promoter entity Continuum Green Energy Holdings Limited. Proceeds from the issue [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5406,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[50],"tags":[788],"class_list":["post-5405","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-indian-market","tag-continuum-green-energy-ipo"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5405","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=5405"}],"version-history":[{"count":1,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5405\/revisions"}],"predecessor-version":[{"id":5407,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5405\/revisions\/5407"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/5406"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=5405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=5405"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=5405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}