India’s Clean Energy IPOs Plummet as Valuations Sink ...Middle East

OILPRICE - Economy
India’s Clean Energy IPOs Plummet as Valuations Sink
source : OILPRICE ( Middle East ) () 75
Initial public offerings of companies active in transition industries in India have fallen steeply as valuations decline, Bloomberg has reported, citing only two listings for transition companies since the start of the year. One of these was a solar module manufacturer named Solarium Green Energy, and the other a battery maker—Maxvolt Energy Industries—with the combined valuation at a modest $18 million. For context, 2024 saw a total of 14 listings in transition sectors. In the second half of the year alone, the Indian market saw transition…

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