1 year ago
CleanMax Plans ₹5,200 Crore IPO to Expand Operations
CleanMax, a renewable energy company, is planning to raise ₹5,200 crore by selling shares in an IPO.
This money will be used to pay off some of the company's debts.
The IPO involves selling new shares and also existing shares held by current investors.
CleanMax provides clean energy solutions to businesses, and has a large customer base.
The company has a substantial amount of energy capacity already up and running or in the works.
CleanMax Enviro Energy Solutions plans a ₹5,200 crore IPO.
The IPO includes a fresh issue of shares and an offer for sale.
₹1,125 crore from the fresh issue will repay company borrowings.
CleanMax provides renewable energy solutions to commercial and industrial sectors.
The company has a large customer base and significant contracted capacity.
- Who
- CleanMax Enviro Energy Solutions is the primary company.
- What
- CleanMax Enviro Energy Solutions is launching an IPO to raise ₹5,200 crore.
- Where
- In India.
- When
- The filing was made recently.
- Why
- To raise funds, repay borrowings, and for general corporate purposes.
Key facts
- Company
- CleanMax Enviro Energy Solutions
- IPO Amount
- ₹5,200 crore
- Fresh Issue
- ₹1,500 crore
- Offer for Sale
- ₹3,700 crore
- Use of Proceeds
- Repay borrowings and general corporate purposes
- Operational Capacity
- 2.54 GW (as of July 31, 2025)
- Contracted Capacity
- 2.53 GW (as of July 31, 2025)
