New Delhi : Commercial renewable electricity provider Clean Max Enviro Energy Solutions and dialysis services provider Nephrocare Health Services have secured Sebi's approval to raise funds through initial public offerings (IPOs), an update with the regulator showed on Monday.

Together, the two companies are aiming to raise at least Rs 5,553 crore.Both companies, which filed their preliminary IPO papers with Sebi in August, obtained their observations between October 30 and November 4, according to the update.In regulatory terms, Sebi's observations are equivalent to clearance for launching a public issue. Read Also InCred Holdings Files Papers With SEBI Through Confidential Pre-Filing Route, Issue Size At ₹4,000...

As per the draft papers, Clean Max is seeking to raise Rs 5,200 cror

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