Temasek, Bain Capital Lead Rs 1,185-Cr Pre-IPO Investment in Clean Max Enviro Energy

• Temasek Holdings and Bain Capital Advisors are among five investors who injected Rs 1,185 crore into Clean Max Enviro Energy Solutions through a pre-IPO placement.
• The transaction values Clean Max Enviro Energy Solutions at nearly Rs 12,200 crore.
• Clean Max, India's largest commercial and industrial renewable energy provider, filed for a Rs 5,200 crore IPO in August 2025.
• Jongsong Investments (Temasek subsidiary) acquired a 6.79% stake for Rs 760 crore, while Bain Capital's GSS India Opportunities AIF Scheme I bought a 3.13% stake for Rs 350 crore.
• The pre-IPO proceeds will be used for general corporate purposes, and the company reported a profit of Rs 19.4 crore in fiscal 2025, a turnaround from the previous year's loss.