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<h1>IPO-bound NBFC focuses on green financing, digital GenAI underwriting, Rs18,000cr cleantech book, 22% post-IPO CAR</h1> An IPO-bound non-bank finance company is prioritizing green financing and digital innovation after merging with its IFC-backed cleantech arm; its cleantech and infrastructure book reached Rs 18,000 crore by FY25, growing at a 31.8% CAGR, having financed over 500 renewable projects and sanctioned more than 22,400 MW. The firm highlights a granular loan book, low unsecured exposure, use of GenAI in underwriting to speed credit appraisal, and expects 22% capital adequacy post-IPO. Net NPA is 1% including a recent finance acquisition (0.6% excluding it). The IPO opens Oct 6 with a Rs 310-326 band, 46-share lot, targeting over Rs 15,500 crore.