In Short : Neyveli Lignite Corporation (NLC) is preparing an IPO for its renewables subsidiary, NLC India Renewables (NIRL), to fund expansion. NIRL operates 1.4 GW of solar/wind projects and targets 6 GW by 2030. The move aligns with India’s 500 GW renewable goal. The offering, likely in 2024-25, awaits government approvals. This could set […]
INOX Clean Energy Plans ₹6,000 Crore IPO to Fuel Green Growth Ambitions – EQ
In Short : INOX Clean Energy has filed a confidential draft red herring prospectus (DRHP) with SEBI for a proposed ₹6,000 crore initial public offering. The funds will support expansion and clean energy initiatives. Backed by the INOXGFL Group, the company focuses on green hydrogen and renewable energy. The IPO marks a significant step in […]
Vikram Solar gets Sebi nod for up to Rs 1,500 crore IPO – EQ
In Short : Vikram Solar has secured SEBI approval for an IPO worth up to ₹1,500 crore, including a fresh issue and an offer for sale of 17.45 million shares. Proceeds will be used to set up a 3,000 MW solar cell and module plant in Tamil Nadu, boosting the company’s total manufacturing capacity to […]
Prostarm Info Systems IPO Receives 12.65 Times Subscription on Day-2 of Offer – EQ
In Short : Prostarm Info Systems’ ₹168 crore IPO was subscribed 12.65 times by Day 2, driven by strong retail and non-institutional investor interest. The issue, priced at ₹95–₹105 per share, closes on May 29. Despite declining grey market premium, demand remains robust. Funds raised will support working capital, debt repayment, and expansion, as the […]
Juniper Green Energy turns public in run-up to IPO – EQ
In Short : Juniper Green Energy has become a public company ahead of its planned ₹3,000 crore IPO. The renewable energy firm, part of AT Capital Group, operates 1.1 GWp capacity and aims to fund expansion through the offering. The company also appointed Ankush Malik as CEO to lead growth as it strengthens its role […]
CleanMax Enviro Gears Up for ₹5,000 Crore IPO to Accelerate Green Energy Expansion – EQ
In Short : CleanMax Enviro plans a ₹5,000 crore IPO by end-2025 to expand its renewable energy portfolio and reduce debt. Backed by Brookfield, the offer includes both primary and secondary shares. With 1.7 GW in operation and 1.5 GW in pipeline, CleanMax serves over 750 clients including Google and Amazon, aiming to capitalize on […]
Gujarat-based Prozeal Green Energy files DRHP with SEBI to raise ₹700 crore via IPO – EQ
In Short : Prozeal Green Energy, a Gujarat-based solar EPC firm, has filed a DRHP with SEBI to raise ₹700 crore via IPO. The offering includes ₹350 crore in fresh shares and a ₹350 crore Offer For Sale. Proceeds will fund working capital and debt repayment. Nuvama Wealth and SBI Capital are the lead managers […]
Karamtara Engineering files DRHP with SEBI with the aim of launching an IPO – EQ
In Short : Karamtara Engineering has filed a Draft Red Herring Prospectus (DRHP) with SEBI to launch an Initial Public Offering (IPO) aiming to raise ₹1,750 crore. The IPO will include a fresh issue of ₹1,350 crore and an offer for sale of ₹400 crore. The company plans to use the proceeds for repaying obligations […]
Waree Energies Announces IPO Price Range of Rs 1,427-1,503, 45% Below Unlisted Valuation – EQ
Waree Energies Ltd has announced its initial public offering (IPO) price band, setting it between Rs 1,427 and Rs 1,503 per share. This pricing reflects a significant 45% discount compared to its current unlisted trading price. Currently, Waree’s unlisted shares are trading in the range of Rs 2,700 to Rs 2,750. This marks a substantial […]
Vikram Solar files DRHP with SEBI, eyes ₹1,500 crore through IPO – EQ
In Short : Vikram Solar has submitted its Draft Red Herring Prospectus (DRHP) to SEBI, aiming to raise ₹1,500 crore through an IPO. This initiative seeks to boost the company’s capital and expand operations in the growing renewable energy sector. The IPO is expected to include both fresh issuance and an offer for sale, positioning […]