Brookfield-backed Clean Max plans ₹5,200 crore IPO in November

Core Viewpoint - Clean Max Enviro Energy Solutions Ltd., backed by Brookfield, is planning to launch a ₹5,200 crore initial public offering (IPO) as early as November, pending regulatory approvals [1] Group 1: IPO Details - The IPO will consist of up to ₹1,500 crore in new shares and a secondary offering of ₹3,700 crore from existing investors, including Augment Infrastructure Partners [2] - Ongoing discussions may lead to changes in the size and timing of the offering [2] Group 2: Company Financials - As of March 31, the company reported a net income of ₹19.4 crore on revenues of ₹1,610 crore [3] - The company has an operational capacity of 2.54 gigawatts and an additional 2.53 gigawatts contracted but not yet executed as of July 31 [3] Group 3: Stakeholders - Brookfield owns a 42.9% stake in Clean Max, while Augment holds nearly 20% as of August [3] - Major banks involved in managing the share sale include JPMorgan Chase, BNP Paribas, HSBC, and Nomura, along with Axis Bank [4]