Clean Max Enviro Energy Solutions Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 14,562,451 (49%) | — | ₹153,343 Cr |
| NII (HNI) | — | 4,368,735 | — | ₹460 Cr |
| Retail | — | 10,193,715 | — | ₹1,073 Cr |
| Employee | — | 314,795 (1%) | — | ₹331 Cr |
| Σ Total | — | 29,439,696 (100%) | — | ₹3,100,000 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 14 | ₹14,742 |
| Retail (Max) | 13 | 182 | ₹191,646 |
| S-HNI (Min) | 14 | 196 | ₹206,388 |
| B-HNI (Min) | 67 | 938 | ₹987,714 |
Financial Statements Amount in ₹ Crore
| Metric | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue | 969 | 1,610 | 1,425 |
| EBITDA | 638 | 1,015 | 742 |
| Profit After Tax | 19 | 19 | -38 |
| Net Worth | 2,598 | 2,545 | 1,818 |
| Total Assets | 16,946 | 13,279 | 9,077 |
| Total Borrowing | 10,121 | 7,974 | 5,515 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Repayment and/or pre-payment, in part or full, of all or certain outstanding borrowings of our Company and/or certain of our Subsidiaries – 1,122.67
- General corporate purposes –
Company Overview
Clean Max Enviro is India’s largest commercial and industrial (“C&I”) renewable energy provider as of March 31, 2025, according to the CRISIL Report. As of July 31, 2025, we have 2.54 GW of operational, owned, and managed capacity and an additional 2.53 GW of contracted capacity under execution.
Its key offerings include supplying renewable power, providing energy services, and offering carbon credit solutions. We cater to a wide range of customers, including Technology customers and conventional C&I customers<.
The company's expertise covers Energy contracting, Engineering, procurement, and construction (EPC), and Operation and maintenance (O&M) of renewable energy plants (solar, wind, and hybrid).
Business Offerings
- Renewable Energy Power Sales Segment: Sell renewable energy to customers through long-term Power Purchase Agreements (“PPAs”) and Energy Attribute Purchase Agreements (“EAPAs”). T
- Renewable Energy Services Segment: Turnkey development services, including land, evacuation infrastructure, EPC services, power evacuation and O&M services for the project lifetime and Carbon Services offering.
Competitive Strengths
- Comprehensive Suite of Customer-Centric Capabilities
- Timely and Cost-Effective Project Development, Execution and Management Capabilities
- Efficient capital allocation and risk management