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CleanMax Enviro Energy Solutions receives SEBI approval for ₹5,200 crore IPO
CleanMax Enviro Energy Solutions won SEBI approval for a ₹5,200 crore IPO to fund renewable expansion and reduce debt ahead of regional growth plans.
Renewable-energy developer CleanMax Enviro Energy Solutions has secured SEBI approval to launch a ₹5,200 crore initial public offering to reduce debt and fund capacity expansion. The offering will comprise a fresh issue and offer-for-sale component. CleanMax plans to expand its commercial and industrial solar portfolio beyond India into Southeast Asia and the Middle East. The company’s current installed renewable capacity exceeds 2.4 GW.
The IPO is expected to strengthen the firm’s balance sheet and enable greater capital deployment in decentralized energy projects aligned with India’s clean-energy transition.