Clean Max IPO to hit markets in November
Clean Max Enviro Energy Solutions, backed by Brookfield, is gearing up for a massive ₹5,200 crore IPO this November.
The company's offering includes ₹1,500 crore in new shares and ₹3,700 crore sold by early investors like Augment Infrastructure Partners.
Investor roadshows are already underway as Clean Max looks to tap into the growing interest in India's renewable energy scene.
Financials and global backing
Brookfield holds nearly 43% of Clean Max while Augment owns about 20%. Money raised will help pay off debt and support general corporate purposes.
Last financial year, Clean Max made ₹19.4 crore profit on revenues of ₹1,610 crore and operates over 2.5GW of renewable capacity—with more projects lined up.
Big global banks like JPMorgan and HSBC are managing the IPO alongside Indian lenders such as Axis Bank, showing just how much buzz there is around clean energy right now.