CAM, Khaitan act on Clean Max Enviro Energy ₹5,200 crore IPO

Brookfield Group-backed Clean Max Enviro Energy Solutions Limited has proposed an initial public offering aggregating to ₹5,200 crore, comprising of a fresh issue of equity shares aggregating to ₹1,500 crore and and offer for sale by selling shareholders aggregating to ₹3,700 crore

Cyril Amachand Mangaldas is advising Max Enviro Energy Solutions on this IPO, according to the DRHP.

Khaitan & Co is advising the book running lead managers Axis Capital Limited, J.P. Morgan India Private Limited, BNP Paribas, HSBC Securities and Capital Markets (India) Private Limited, IIFL Capital Services Limited, Nomura Financial Advisory and Securities (India) Private Limited, BOB Capital Markets Limited and SBI Capital Markets Limited, on this IPO.

The transaction team consists of Subhayu Sen (Partner), Aayush Mohata (Partner), Johann Valladares (Senior Associate), Sarjana Das (Senior Associate), Arjun Kapur (Associate), Ria Chaudhary (Associate), Srishti Jain (Associate), Dhananjay Sreeram (Associate) and Jalaj Bangar (Associate).

CleanMax Enviro Energy is a leading provider of renewable energy solutions, specializing in net-zero and sustainable energy options, particularly for the Commercial and Industrial (C&I) sector. CleanMax focuses on installing and maintaining solar panel systems, including rooftop, ground mount, and carport installations. They offer comprehensive solutions designed to help businesses achieve their sustainability goals and net-zero targets.

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