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CleanMax Enviro Energy gains SEBI clearance for ₹5,200 crore IPO to fuel expansion and debt reduction
CleanMax Enviro Energy secured SEBI’s approval for a ₹5,200 crore IPO to expand renewable capacity and reduce debt, strengthening its clean energy footprint.
CleanMax Enviro Energy Solutions received the Securities and Exchange Board of India’s (SEBI) approval for its ₹5,200 crore initial public offering, marking a significant milestone in the renewable energy sector. The issue will include both fresh equity and an offer-for-sale component, with proceeds aimed at expanding solar and wind infrastructure and repaying long-term debt.
The company operates over 1.5 GW of renewable capacity across India and Southeast Asia. Analysts expect the IPO to draw strong institutional participation, given CleanMax’s leadership in distributed solar energy and robust sustainability credentials.