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flag CleanMax secures Sebi approval for ₹5,200 crore IPO to repay debt and boost growth.

flag CleanMax Enviro Energy Solutions has received Sebi approval for a Rs 5,200 crore IPO, including a Rs 1,500 crore fresh issue and Rs 3,700 crore offer-for-sale. flag Proceeds will mainly repay debt and fund general corporate needs. flag The company, founded in 2010, serves 531 corporate clients with 2.54 GW operational capacity and 5.07 GW in development, operating in India and international markets. flag It reported a 12.98% revenue rise to Rs 1,610 crore in FY25 and a net profit of Rs 27.84 crore. flag The IPO, managed by a consortium including Axis Capital and J.P. Morgan, will reserve 50% for institutional buyers, 15% for non-institutional investors, 35% for retail investors, and includes a discount for employees. flag Shares are set to list on BSE and NSE.

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