New Delhi, Feb. 22 -- Brookfield-backed CleanMax Enviro, one of the leading early movers in India's corporate renewable energy sector, is set to launch its initial public offering (IPO) on 23 February. As of FY25, the company commands an 8% market share of annual open-access renewable energy capacity additions, reinforcing its position as a primary provider of decarbonization solutions.

This positions CleanMax at the intersection of India's energy transition and the rising corporate demand for captive green power. The company plans to raise Rs.3,100 crore at Rs.1,000-1,053 per share. The issue comprises a fresh issue of Rs.1,200 crore and an offer-for-sale of Rs.1,900 crore by existing investors.

At the upper end of the price band, Clea...