1 year ago
CleanMax to File Confidential IPO for ₹4,000-5,000 Crore
CleanMax, a company that provides green energy, is planning to sell shares to the public through something called an IPO.
This means they are hoping to raise between ₹4,000-5,000 crore.
The company is partly owned by Brookfield, a large investment firm.
They will secretly submit their plans to the SEBI, a market regulator, by the end of August.
CleanMax provides green energy to businesses, like factories and offices.
They're also growing their ability to create green energy and earned a good amount of money last year.
CleanMax Enviro Energy Solutions plans to file for an IPO, aiming to raise ₹4,000-5,000 crore.
The company, 48% owned by Brookfield, intends to file confidentially with SEBI by August.
CleanMax supplies green energy to commercial and industrial establishments.
The company's operating capacity reached ~1.5GW by September 2024 and targets 5GW in 4-5 years.
CleanMax reported ₹2,106.38 crore revenue and ₹282.41 crore net profit in FY24.
- Who
- CleanMax Enviro Energy Solutions, with Brookfield as a major shareholder.
- What
- CleanMax Enviro Energy Solutions is planning an IPO.
- Where
- India
- When
- The company plans to file by the end of August.
- Why
- To capitalize on investor interest in the renewable energy sector.
Key facts
- Company
- CleanMax Enviro Energy Solutions
- IPO Amount (Target)
- ₹4,000-5,000 crore
- Parent Company
- Brookfield (48%)
- Filing Route
- Confidential
- Operating Capacity (Sept 2024)
- ~1.5GW
- FY24 Revenue
- ₹2,106.38 crore
- FY24 Net Profit
- ₹282.41 crore
