Clean Max Enviro Energy Solutions Prepares for Reduced IPO with $350-400 Million Deal Size.

Clean Max Enviro Energy Solutions Ltd, a renewable energy company backed by Brookfield Corp, is planning an IPO of $350-$400 million in February, down from a previous proposal of $573 million. The company's IPO market has been affected by valuation challenges, with most Indian energy-related stocks trading below their offer prices. Brookfield owned a 42.9% stake in Clean Max as of August, while Augment held nearly 20%. The IPO is being managed by several banks, including BOB Capital Markets Ltd, SBI Capital Markets Ltd, and Indian units of JPMorgan Chase & Co, BNP Paribas SA, HSBC Holdings Plc, and Nomura Holdings Inc.