The company said it made amendments to ESOP, which had been approved by both the board and shareholders earlier in the month.
Yubi is a digital platform that connects lenders with prospective borrowers.
The issue comprises fresh issue of equity shares worth Rs 400 crore and an offer for sale of up to 1.33 crore equity shares by a promoter and existing shareholders.
The collaboration will make procurement and use of hydrogen more efficient at both the companies.
Company's stock rises after it announces that its financial services business will be demerged from Reliance Industries.
The interim dividend will be paid to the shareholders whose names appear on the register of members of the company on record date.
Currently, 110 KV and 220 KV lines serve Mumbai's demand of around 3,500 MW.
The backers of first fund, Abu Dhabi Investment Authority, Singapore's GIC and family office Premji Invest have committed to invest in the second fund also.
The proposed IPO will comprises fresh issue of shares worth Rs 275 crore and an offer-for-sale of up to 8.50 million shares by the company's existing shareholders and promoters.