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CleanMax secures Sebi approval for ₹5,200 crore IPO to repay debt and boost growth.
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.
Proceeds will mainly repay debt and fund general corporate needs.
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.
It reported a 12.98% revenue rise to Rs 1,610 crore in FY25 and a net profit of Rs 27.84 crore.
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.
Shares are set to list on BSE and NSE.
CleanMax obtiene la aprobación de Sebi para ₹ 5,200 crore IPO para pagar la deuda y aumentar el crecimiento.