CleanMax mobilises Rs 921-cr from anchor investors

New Delhi: Clean Max Enviro Energy Solutions, a commercial and industrial renewable energy provider, said it has raised Rs 921 crore from anchor investors ahead of its initial share sale opening for public subscription.

Foreign and domestic institutions that participated in the anchor round included Temasek Holdings, Nomura Asset Management, Eastspring, SBI Life, Tata Investment Corp, HDFC Mutual Fund, ADIA, Franklin Templeton Mutual Fund, SBI General, Premji Invest, 360 One Mutual Fund, according to a circular uploaded on BSE’s website.

Domestic institutional investors led participation with a 68 per cent share of the book, while foreign institutional investors accounted for 32 per cent. As per the circular, CleanMax said it has allocated 87,46,437 equity shares to these investors at Rs 1,053 apiece.

The company’s Rs 3,100 crore initial public offering (IPO) will open for subscription on February 23 and close on February 25.