Comparison between Clean Max Enviro Energy Solutions IPO and Powerica IPO.
Clean Max Enviro Energy Solutions IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Powerica IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.
The total issue size of Clean Max Enviro Energy Solutions IPO is up to ₹3,079.88 Cr whereas the issue size of the Powerica IPO is up to ₹1,100.00 Cr. The final issue price of Clean Max Enviro Energy Solutions IPO is ₹1,053.00 per share and of Powerica IPO is ₹395.00 per share.
| Clean Max Enviro Energy Solutions IPO | Powerica IPO | |
|---|---|---|
| Face Value | ₹1 per share | ₹5 per share |
| Issue Price (Lower) | ₹1,000.00 per share | ₹375.00 per share |
| Issue Price (Upper) | ₹1,053.00 per share | ₹395.00 per share |
| Issue Price (Final) | ₹1,053.00 per share | ₹395.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ₹100.00 per share | ₹37.00 per share |
| Market Lot Size | 14 shares | 37 shares |
| Fresh Issue Size | 1,13,60,190 shares | 1,77,26,477 shares |
| Fresh Issue Size (Amount) | up to ₹1,196.16 Cr | up to ₹700.07 Cr |
| OFS Issue Size | 1,78,90,087 shares | 1,01,26,581 shares |
| OFS Issue Size (Amount) | up to ₹1,883.72 Cr | up to ₹399.93 Cr |
| Issue Size Total | 2,92,50,277 shares | 2,78,53,058 shares |
| Issue Size Total (Amount) | up to ₹3,079.88 Cr | up to ₹1,100.00 Cr |
Clean Max Enviro Energy Solutions IPO opens on Feb 23, 2026, while Powerica IPO opens on Mar 24, 2026. The closing date of Clean Max Enviro Energy Solutions IPO and Powerica IPO is Feb 25, 2026, and Mar 27, 2026, respectively.
| Clean Max Enviro Energy Solutions IPO | Powerica IPO | |
|---|---|---|
| Anchor Bid Date | Feb 20, 2026 | Mar 23, 2026 |
| Issue Open | Feb 23, 2026 | Mar 24, 2026 |
| Issue Close | Feb 25, 2026 | Mar 27, 2026 |
| Basis Of Allotment (Tentative) | Feb 26, 2026 | Mar 30, 2026 |
| Initiation of Refunds (Tentative) | Feb 26, 2026 | Apr 01, 2026 |
| Credit of Share (Tentative) | Feb 27, 2026 | Apr 01, 2026 |
| Listing date (Tentative) | Mar 02, 2026 | Apr 02, 2026 |
| Anchor Lockin End date 1 | Mar 27, 2026 | Apr 28, 2026 |
| Anchor Lockin End date 2 | May 26, 2026 | Jun 27, 2026 |
Clean Max Enviro Energy Solutions IPO P/E ratio is 634.34, as compared to Powerica IPO P/E ratio of 24.45.
| Clean Max Enviro Energy Solutions IPO | Powerica IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Consolidated)
| Company Financials (Restated Consolidated)
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 74.89 | 99.99 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 49.08 | 77.20 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 634.34 | 24.45 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹12325.29 Cr. | ₹4998.60 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 1.27% | 17.53% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 27.02% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.97 | 0.24 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹1.84 | ₹16.16 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 1.09% | 15.37% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Clean Max Enviro Energy Solutions IPO Retail Individual Investors (RII) are offered 1,01,50,420 shares while in Powerica IPO retail investors are offered 1,01,50,420 shares. Qualified Institutional Buyers (QIB) are offered 57,54,161 shares in Clean Max Enviro Energy Solutions IPO and 55,59,493 shares in Powerica IPO.
| Clean Max Enviro Energy Solutions IPO | Powerica IPO | |
|---|---|---|
| Anchor Investor Reservation | 87,46,437 shares | 83,39,239 shares |
| Market Maker Reservation | 0 shares | 0 shares |
| QIB | 57,54,161 shares | 55,59,493 shares |
| NII | 43,50,180 shares | 41,69,621 shares |
| RII | 1,01,50,420 shares | 97,29,114 shares |
| Employee | 3,14,795 shares | 55,865 shares |
| Others | ||
| Total | 2,93,15,993 shares | 2,78,53,332 shares |
Clean Max Enviro Energy Solutions IPO subscribed 0.99x in total, whereas Powerica IPO subscribed 1.53x.
| Clean Max Enviro Energy Solutions IPO | Powerica IPO | |
|---|---|---|
| QIB (times) | 2.99x | 4.74x |
| NII (times) | 0.57x | 0.47x |
| Big NII (times) | 0.82x | 0.47x |
| Small NII (times) | 0.07x | 0.46x |
| RII (times) | 0.07x | 0.16x |
| Employee (times) | 0.11x | 1.30x |
| Other (times) | ||
| Total (times) | 0.99x | 1.53x |
