MainboardNSERenewable EnergyCLOSED

Clean Max Enviro IPO

₹1000 – ₹1000 · Issue Size ₹3,100 Cr

IPO Overview

StatusClosed
Price Band₹1000 – ₹1000
Issue Size₹3,100 Cr
Lot Size14 shares
Min Investment₹14,742
Face Value₹1
Issue Structure
Fresh Issue₹1,200 Cr
Offer for Sale₹1,80,43,684 Cr
Total Size₹3,100 Cr

Business Model

Competitive Advantages
  • Brookfield – A Leading Global Investor with Deep Local Expertise" on page 334. In particular, we may compete with existing

IPO Timeline

Open Date23 Feb 2026
Close Date25 Feb 2026
Allotment26 Feb 2026
Refund27 Feb 2026
Credit to Demat27 Feb 2026
Listing Date2 Mar 2026

Objects of the Issue

PurposeAmount
The Pre-IPO Placement did not exceed 20% of the original size of the Fresh Issue as disclosed in the prospectus.₹1,200 Cr
**Of which, has been paid under protest to the income tax authorities.₹0.01 Cr
1 Includes communication received under Rule 1421A of the Central Goods and Services Tax Rules, 2017 for an amount aggregating to₹12 Cr

Subscription Status

Total Subscription7.80x
Retail (RII)3.20x
NII / HNI5.80x
QIB12.40x

Risk Factors

J.P. Morgan India Private Limited Niwas Kumar /low
HSBC Securities and Capital Marketslow

(India) Private Limited Harsh Thakkar / Harshit Tayal

Strengths & Weaknesses

Strengths

  • Brookfield – A Leading Global Investor with Deep Local Expertise" on page 334. In particular, we may compete with existing

Management & Promoters

P
Pratap JainNon-Executive Director
A
Ajay KaulIndependent Director
A
Arijit BasuIndependent Director
S
Santosh JanakiramIndependent Director
S
Shilpa Divekar NirulaIndependent Director

Shareholding Pattern

Pre-IPO
Category%
Employees14%
Promoters2%
Post-IPO
Category%
Promoters1%

Peer Comparison

CompanyP/EEPS
Clean Max Enviro IPO
Dated February16.0x
Please read Section of the Companies Act32.0x

Pre-IPO Financials

PeriodRevenue (Cr)PAT (Cr)Net Worth (Cr)Total Assets (Cr)
2025₹3 Cr₹3 Cr₹0.6 Cr
2024₹2,304.6 Cr₹202.4 Cr
2023₹96.66 Cr

About

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.

Industry Overview

Key Regulations and Policies in India", "History and Certain Corporate Matters", "Restated Consolidated Financial Information", "Financial Indebtedness", "Outstanding Litigation and Material Developments", "Other Regulatory and Statutory Disclosures" and

ExchangeNSE
Issue Typemainboard
SectorRenewable Energy
Face Value1 per share

Documents

rupiya.io is for research and education only. IPO data is sourced from public disclosures (DRHP/RHP). Not investment advice. Validate with SEBI-regulated disclosures before acting.