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‘Exponential growth reason behind IPO’

Financial Express Lucknow

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February 18, 2026

CleanMax Enviro Energy Solutions, whose three-day initial public offering (IPO) opens for subscription next week, plans to utilise 75% of fresh issue proceeds for debt repayment.

Despite muted IPOs and persisting uncertain market conditionsKuldeep Jain, founder and managing director, tells Anjana Therese Antony in an interview that the company has decided to go public considering the tremendous business growth. Excerpts:

In the midst of muted IPOs and not-so-great market conditions, what was the rationale behind going public now?

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