When Can You Expect CleanMax IPO?

CleanMax Enviro Energy Solutions, a leading renewable energy company in India, is planning to raise ₹4,000–₹5,000 crore through an Initial Public Offering (IPO) by the end of this year. This is one of the most exciting propositions looking to invest in upcoming IPOs.  

As per news reports, the IPO will include both primary (new shares) and secondary (existing shares) sales. The company is expected to be valued at around ₹18,000–₹20,000 crore. The funds raised will be used to support CleanMax’s growth in green energy over the coming years.  

Merchant Bankers Behind CleanMax IPO 

To manage the IPO, CleanMax has appointed six well-known banks: Axis Capital, BNP Paribas, IIFL Capital, HSBC, JP Morgan, and Nomura.

What Will Happen to Old Investors of CleanMax?  

Some existing investors, including Brookfield Asset Management, Augment Infrastructure, and the Danish Investment Fund, will sell a part of their stake in the IPO. However, Brookfield and Kuldeep Jain, the company’s Managing Director, will remain co-promoters even after the listing.

Read more on: The Leela Palaces, Hotels & Resorts to Launch IPO on May 26. 

Ownership Structure of CleanMax

Over the years, CleanMax has also received funding from major investors like Warburg Pincus, IFC, UK Climate Investments, and DSDG Holdings. Brookfield, a global investment giant, currently holds a 49.92% controlling stake in CleanMax through its Global Transition Fund. It had acquired this stake in June 2023 for ₹3,000 crore.  

The company serves over 750 corporate clients across industries, including tech giants like Google and Amazon.

CleanMax IPO: Company’s Growth Path 

CleanMax has an operational renewable energy capacity of 1.7 gigawatts (GW), with another 1.5 GW in the pipeline. The company offers services like wind and solar farms, rooftop solar, renewable energy certificates, and carbon offset projects.

As per news reports, the company is adding 600–700 MW of capacity every year due to the fast-growing demand for green energy.

Why CleanMax IPO is an Attractive Bet  

Companies are turning to clean power not just for sustainability but also to cut costs. Green energy is around 35% cheaper than conventional power, making it an attractive choice for businesses looking to reduce expenses and carbon emissions.

Conclusion 

CleanMax’s IPO marks a big step forward in India’s clean energy journey. With strong investor backing, global clients, and rising demand for green power, the company is well-positioned to lead the transition to a more sustainable future.
 
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