CleanMax Enviro Energy Solutions Limited (CleanMax) has secured Rs 9.21 billion from anchor investors ahead of its initial public offering (IPO), which opened on February 23, 2026. The company notified the bourses that it allotted 8,746,437 equity shares at Rs 1,053 per share to anchor investors on February 20, 2026. The anchor round witnessed participation from both foreign and domestic institutions. These included Temasek Holdings, SBI Life, Nomura Asset Management, HDFC Mutual Fund, ADIA, Franklin Templeton MF, Eastspring, SBI General, Premji Invest, 360 One Mutual Fund, Trust Group, BNP, and Tata Investment Corporation, among others.
Furthermore, out of the total allocation of 8,746,437 equity shares allotted to anchor investors, 1,899,380 equity shares were allocated to six domestic mutual funds through 14 schemes. This represented 21.7 per cent of the total allocation to anchor investors. Additionally, 1,486,268 equity shares, representing 17 per cent of the total allocation to anchor investors, were allotted to four life insurance companies. Foreign institutional investors accounted for 32 per cent of the book, while domestic institutional investors made up the remaining 68 per cent.
Earlier in July 2025, CleanMax and Toyota Tsusho India Private Limited entered a long-term partnership to jointly cater to the clean energy needs of Japanese corporations operating in India.
