Indian cleantech companies to get Frankfurt listing?

Germany’s private banking group Sal. Oppenheimer is looking for an Indian cleantech company worth bringing to the attention of foreign investors.

A spokesman for the banking group, which has been involved in more than 100 initial public offerings, recently said a Frankfurt listing would be ideal for launching an Indian cleantech company into the EU and global markets.

Last year Sal. Oppenheimer was instrumental in getting a Chinese firm listed under Prime Standard on the Frankfurt Stock Exchange.

ZhongDe Waste Technology was the first Chinese company to meet the strict transparency regulations required for the listing.

Sal. Oppenheimer has recently been in talks with nearly two dozen Indian cleantech companies to find the next big firm to get EU exposure, though the banking group has not disclosed their identities.

Prospective companies must provide cleantech energy, services or solutions. The companies don't necessarily need to be listed on other exchanges. Also, the companies can be startups but must be valued at €75 million ($105 million USD) or more—although Sal. Oppenheimer is willing to make an exception if the product and the team truly stand out, the company said.

By this time next year, at least one of the firms under consideration is expected to be on the Frankfurt exchange, Sal. Oppenheimer said.