Upcoming IPOs, Nov. 11 -- Clean Max Enviro Energy Solutions and NephroPlus have received a nod from the markets regulator, Securities and Exchange Board of India (Sebi), to raise funds via initial public offering (IPO).

Clean Max Enviro Energy Solutions will be raising over Rs.5,200 crore through IPO. The IPO, with a face value of Rs.1, is a mix of fresh issue of shares up to Rs.1,500 crore and an offer-for-sale up to Rs. 3,700 crore by promoters, investors selling shareholders.

The offer also includes a subscription reservation by eligible employees, and a discount is being offered to eligible employees bidding in the employee reservation portion.

The offer for Sale consists of shareholders selling up to Rs. 321.37crore by Kuldeep Pra...