Clean Max Enviro Energy IPO Details
| IPO Open Date | 2025 |
| IPO Close Date | 2025 |
| Face Value | ₹1 Per Equity Share |
| IPO Price Band | ₹[.] to ₹[.] Per Share |
| Issue Size | Approx ₹5,200 Crores |
| Fresh Issue | Approx ₹1,500 Crores |
| Offer for Sale: | Approx [.] Equity Shares |
| Issue Type | Book Built Issue |
| IPO Listing | BSE, NSE |
| DRHP Draft Prospectus |  |
| RHP Draft Prospectus | |
Clean Max Enviro Energy IPO Review & Key Points
- Review:
Clean Max Enviro Energy IPO Market Lot
The Clean Max IPO minimum market lot is [.] shares with ₹[.] application amount. The retail investors can apply up-to 13 lots with [.] shares of ₹[.] amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | – | – | ₹- |
| Retail Maximum | – | – | ₹- |
| S-HNI Minimum | – | – | ₹- |
| S-HNI Maximum | – | – | ₹- |
| B-HNI Minimum | – | – | ₹- |
IPO Reservation
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 50% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 35% |
Clean Max Enviro Energy IPO Anchor Investors
| Anchor Bidding Date | 2025 |
| Anchor Investors List | |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| lock-in period end date 50% shares (30 Days) | 2025 |
| lock-in period end date 50% shares (90 Days) | 2025 |
Clean Max Enviro Energy IPO Dates
The Clean Max Enviro IPO date is 2025 and the close date is 2025. The Clean Max IPO allotment will be finalized on 2025 and the IPO listing on 2025.
| IPO Open Date: | 2025 |
| IPO Close Date: | 2025 |
| Basis of Allotment: | 2025 |
| Refunds: | 2025 |
| Credit to Demat Account: | 2025 |
| IPO Listing Date: | 2025 |
| IPO Bidding Cut-off Time: | 2025 – 5 PM |
Promoters and Holding Pattern
The promoters of the company are Kuldeep Jain, Pratap Jain, Nidhi Jain, BGTF One Holdings (DIFC) Ltd and Kempinc LLP.
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 10,14,41,820 | 74.89% |
| Promoter Holding Post Issue | – | -% |
Objects of the Issue & Utilisation of proceeds
| Purpose | Crores |
| Repayment and/or pre-payment, in part or full, of all or certain outstanding borrowings of our Company and/or certain of our Subsidiaries | ₹1,125.00 |
| General Corporate Purpose | ₹- |
About Clean Max Enviro Energy IPO
Clean Max Enviro is one of the leading companies in terms of renewable energy providers. Furthermore, the company also has 2.54 GW of operational, owned, and managed capacity and an additional 2.53 GW of contracted capacity under execution.
The company mainly offers the Renewable Energy Power Sales Segment and, Renewable Energy Services Segment. They cater to a wide range of customers, including Technology customers and conventional C&I customers.
Furthermore, Efficient and affordable project development, execution, and management is the company’s strength. Clean Max Enviro Energy Solutions Ltd.’s revenue grew by 13%, and its profit after tax (PAT) jumped by 152% between FY 2024 and FY 2025.
Clean Max Enviro Energy IPO Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹960.98 | ₹555.06 | ₹59.47 | ₹7,000.14 |
| 2024 | ₹1,425.31 | ₹683.74 | ₹37.64 | ₹9,076.55 |
| 2025 | ₹1,610.34 | ₹595.27 | ₹19.43 | ₹13,279.25 |
Clean Max Enviro Energy IPO Valuation – FY2025
Check Clean Max Enviro Energy IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | -% |
| ROCE: | -% |
| EBITDA Margin: | -% |
| PAT Margin: | -% |
| Debt to equity ratio: | – |
| Earning Per Share (EPS): | ₹2.88 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 1.09% |
| Net Asset Value (NAV): | ₹250.93 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| ACME Solar Holdings Ltd | 4.55 | 42.38 | 5.59% | 74.54 | 1,405.13 Cr. |
| NTPC Green Energy Ltd | 0.67 | 150.10 | 2.58% | 21.88 | 2,209.64 Cr. |
| Adani Green Energy Limited | 8.37 | 113.39 | 15.55% | 58.63 | 11,212.00 Cr. |
| ReNew Energy Global PLC$ | 10.92 | 46.63 | 3.39% | 310.40 | 9,751.30 Cr. |
IPO Lead Managers aka Merchant Bankers
- Axis Capital Limited
- J.P. Morgan India Private Limited
- BNP Paribas
- HSBC Securities and Capital Markets (India) Private Limited
- IIFL Capital Services Limited
- Nomura Financial Advisory and Securities (India) Private Limited
- BOB Capital Markets Limited
- SBI Capital Markets Limited
Company Address
Clean Max Enviro Energy Solutions Ltd.
4th Floor,
The International 16 Maharshi Karve Road,
New Marine Lines Cross Road No.1, Churchgate
Mumbai, Maharashtra, 400020
Phone: +91 22 6252 000
Email: [email protected]
Website: http://www.cleanmax.com/
IPO Registrar
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
Clean Max Enviro Energy IPO FAQs
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Note: The Clean Max Enviro Energy IPO price band and date are officially announced. The (Clean Max Enviro Energy IPO grey market premium) will be added to the IPO GMP page as it will start).
