The Government of Andhra Pradesh has approved a 200 MW AC/300 MWp DC solar power park to be developed by Yashaswa Power LLP, a group company of Clean Max Enviro Energy Solutions Pvt Ltd, which is launching a Rs 3,100-crore mainboard initial public offering (IPO). The project involves an investment of Rs 1,200 crore and…
CleanMax Enviro Energy has fixed a price band of Rs 1,000 to Rs 1,053 per share for its initial public offering (IPO). The issue will open for subscription on February 23, 2026, and close on February 25, marking a listing focused on the private-sector renewable energy market. The IPO comprises a fresh issue of shares…
CleanMax Enviro Energy Solutions has raised Rs 15 billion in a pre-initial public offering (IPO) funding round led by Temasek Holdings and Bain Capital, ahead of its planned market debut expected later this month. The pre-IPO placement also saw participation from Steadview Capital, 360One and Steinberg India Emerging Opportunities Fund. Several family offices joined the…
Coal India Limited (CIL) has begun 2026 with key policy, operational, and capital market developments, allowing direct foreign participation in coal sales, releasing provisional production and offtake data, and advancing the public offering process of Bharat Coking Coal Limited (BCCL). Coal India Limited (CIL) has approved direct participation of foreign coal buyers from Bangladesh, Bhutan,…
Sembcorp Industries, which is backed by Temasek, is reportedly considering an IPO for its Indian subsidiary Sembcorp Green Infra. The launch could take place in the next eight to nine months. The talks are at an early stage and the size of the issue has not been set. This would be Sembcorp’s second attempt to…
India’s renewable energy sector saw strong activity in the public markets through 2025. Many companies filed draft papers, secured approval from the Securities and Exchange Board of India (SEBI), or closed successful public issues.  Solar manufacturing companies lead the filing momentum The first part of the year saw many companies in solar manufacturing prepare for…
Rayzon Solar has received approval from the Securities and Exchange Board of India (SEBI) to move ahead with its proposed Rs 15 billion initial public offering. The regulator issued final observations, clearing the way for the company’s market debut. Proceeds from the issue will be used to set up a 3.5 GW solar cell manufacturing…
Avaada Electro, the solar manufacturing subsidiary of the Brookfield-backed Avaada Group, has filed confidential documents with the Securities and Exchange Board of India (SEBI) to raise between Rs 90–100 billion through an initial public offering (IPO). The proposed IPO is expected to include both fresh equity issuance and an offer for sale by existing shareholders….
Deon Energy Limited has filed its draft red herring prospectus with the Securities and Exchange Board of India to raise Rs 1.5 billion through an initial public offering. The issue comprises a fresh sale of equity shares with a face value of Rs 10 each. The company plans to use about Rs 1 billion from…
Sterlite Electric Limited, formerly known as Sterlite Power Transmission Limited, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO). The IPO will consist of a fresh issue of up to 7.793 million equity shares and an offer for sale of up…