IPO●
KP Group plans ₹4,000 crore Sun Drops Energia IPO as storage becomes core growth bet
- KP Group plans a ₹4,000 crore IPO for Sun Drops Energia
- The proposed listing is expected in 10–12 months
- The group targets 10 GW each of owned generation
NSE close · Thu, 1 OctNifty 5022,421.95▼ 0.88%Nifty Bank54,450.75▼ 0.33%Midcap 10058,732.00▼ 1.01%Smallcap 25017,589.05▼ 1.18%India VIX14.46▲ 7.19%IT28,304.70▲ 2.17%Auto25,384.95▼ 3.46%Pharma26,311.55▼ 0.48%FMCG43,789.85▼ 1.61%Metal12,460.70▼ 2.35%Realty835.00▼ 1.46%Energy36,388.15▼ 0.68%PSU Bank7,937.80▼ 0.98%Financials24,556.10▼ 0.38%Media1,546.30▼ 2.33%Defence9,142.55▼ 1.45%Durables35,927.80▼ 1.91%Biggest movesMONEYVIEW▲ 58.5%MOLBIO▲ 15.6%THOMASCOTT▲ 12.3%AUGMONT▲ 10.0%HEROMOTORS▲ 10.0%VIVIANA▲ 10.0%LOKESHMACH▲ 9.5%ANAWIL▼ 11.0%
Topic
Renewables▲ +31% net tone today
NTPC Green Energy −2.4%, KPI Green Energy −3.7%, Solar Industries India −1.5% on Thu, 1 Oct- Cabinet cleared the ₹1.86 lakh crore Green Energy Corridor-III for 135 GW renewable power
- The scheme will strengthen intra-state transmission infrastructure and include battery storage
- KPI Green Energy made a binding offer to acquire Alfanar Energy and Netra Wind for ₹2,410 crore
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13 Oct
IPO●
Adani-backed Vishakha Renewables files for IPO with ₹1,250 crore fresh issue
- The company may consider a pre-IPO placement of up to ₹250 crore
- If completed, the placement will reduce the fresh issue size