Last Updated on November 12, 2025 by Author
CleanMax Enviro Energy Solutions Ltd, a leading renewable energy provider for commercial and industrial (C&I) consumers in India, has received approval from the Securities and Exchange Board of India (SEBI) to launch its Initial Public Offering (IPO) worth ₹5,200 crore.
The proposed public issue will include a fresh share issue of ₹1,500 crore along with an offer for sale (OFS) of INR 3,700 crore by existing shareholders. According to the company’s filing, the proceeds from the IPO will be used to reduce debt, strengthen working capital, and support future expansion plans.
CleanMax has established itself as a major player in the C&I renewable power segment, catering to top corporate clients across India with clean energy solutions such as solar and wind projects. Its business model focuses on providing affordable and sustainable energy directly to industrial and commercial users through long-term power purchase agreements.
The SEBI nod paves the way for CleanMax’s next phase of growth, reflecting investor confidence in the renewable energy transition and India’s growing green economy.