Newsletter
CleanMax Enviro Energy Solutions has received approval from SEBI to raise ₹5,200 crore through an IPO.
The company supplies solar, wind, and hybrid power, energy services, and carbon credit solutions to various industries.
What’s brewing: the IPO comprises a fresh issue of shares worth up to ₹1,500 crore and an offer for sale of up to ₹3,700 crore by promoters and existing shareholders.
The company had filed its draft red herring prospectus in August 2025 and has now begun investor roadshows. Proceeds from the fresh issue will be used to repay or prepay certain outstanding borrowings of the company and its subsidiaries.
Big theme: India is witnessing a fresh wave of clean-energy IPOs as companies tap into the government’s strong push for renewables. Over a dozen green-energy firms are preparing to go public, aiming to raise more than $4 billion collectively.
This surge in green listings follows a renewed momentum in India’s broader IPO market after a sluggish start to the year, highlighting investors’ confidence in the country’s clean energy transition.
Business Standard
