Citigroup Global Markets Mauritius
5TH FLOOR, EBENE ESPLANADE, 24 BANK STREET CYBERCITY EBENE, EBENE, Plaines Wilhems, 72201, MAURITIUS
Overview
Citigroup Global Markets provides world-class products and financing solutions for corporations, governments, and institutional and retail investors through their dominant underwriting, sales and trading, and distribution capabilities. Their broad product knowledge and on-the-ground local markets expertise coupled with complementary strengths in technology and distribution allow them to offer clients a wide range of comprehensive financial solutions. They address their needs with products in all major currencies, sectors, and geographies, and the breadth and depth of their resources allow them to consistently provide them with innovative solutions. Citi provides superior structuring capabilities and problem-solving, enhanced by their distribution reach and quality. Their platform is organized around four major geographic regions: Asia, Europe/Middle East/Africa, Latin America, and North America. They have offices in nearly every major city around the globe. In Japan, they maintain a market-leading position through Citigroup Global Markets Japan Inc.
- Total investments
- 3
- Lead investments
- 0
- Investments · 12mo
- 3
- Active investors
- 8
Sector focus
- Financial Services
Investment portfolio
- TruAlt Bioenergy
Participated · Equity · Sep 2025
TruAlt Bioenergy operates as an integrated biofuels company with activities spanning ethanol, compressed biogas, and emerging renewable energy solutions. The company reports an installed ethanol production capacity of 2,000 KLPD and is expanding into advanced biofuels, notably a proposed SAF facility in Bagalkot, Karnataka with a planned annual capacity of 10 crore litres. TruAlt has sought government commercialization support and secured approval for financial assistance under the PM JI-VAN Yojana to improve project viability. The approved assistance will be disbursed against project milestones and is intended to cover about 7–10% of the SAF project's capital expenditure. The company emphasizes investments in advanced technologies and circular bioeconomy initiatives as part of its growth and decarbonization strategy.
- Solarworld Energy
Participated · Equity · Sep 2025
Solarworld Energy Solutions is a solar energy solutions provider that focuses on EPC work for utility-scale and other solar power projects. The company plans to vertically integrate by building a 1.2 GW Solar PV TopCon manufacturing facility in Pandhurana, Madhya Pradesh through its subsidiary, Kartik Solarworld. To fund this expansion, it is coming to market with a ₹490 crore initial public offering that includes a ₹440 crore fresh issue and a ₹50 crore offer-for-sale by promoter Pioneer Facor IT Infradevelopers. At the top end of the ₹333–351 price band, Solarworld will be valued at just over ₹3,000 crore. Ahead of the IPO, the company secured anchor commitments totaling ₹220.5 crore, underscoring institutional confidence in the offering. Seventy-five percent of the IPO is reserved for qualified institutional buyers, with 15 percent for non-institutional investors and 10 percent for retail. Proceeds from the fresh issue will primarily finance the new manufacturing plant and be used for general corporate purposes. Nuvama Wealth Management and SBI Capital Markets are acting as the book-running lead managers, and the company is scheduled to list on September 30.
- GK Energy
Participated · Equity · Sep 2025
Pune-based GK Energy is India’s largest pure-play EPC provider for solar-powered agricultural water pump systems, offering farmers an end-to-end solution spanning survey, design, supply, assembly, installation, testing, commissioning and maintenance. The company enables farmers to adopt solar pumps that reduce dependence on grid electricity or diesel, helping cut energy costs and carbon emissions. Its upcoming initial public offering (IPO) will fund long-term working capital needs, with ₹322.5 crore of the fresh issue earmarked for this purpose and the remainder allocated to general corporate uses. GK Energy is positioning itself to capitalise on India’s push for renewable energy in agriculture and the government’s subsidy programmes for solar pumps. Though specific revenue or user figures were not disclosed, the firm’s scale—highlighted by a ₹465 crore IPO—signals meaningful operations. Future growth plans revolve around expanding its EPC footprint and strengthening its balance sheet through the fresh capital infusion. Book-running lead managers for the IPO are IIFL Capital Services and HDFC Bank.