Clean Max Enviro Energy Solutions IPO vs OnEMI Technology IPO

Comparison between Clean Max Enviro Energy Solutions IPO and OnEMI Technology IPO.

IPO Details

Clean Max Enviro Energy Solutions IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while OnEMI Technology IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of Clean Max Enviro Energy Solutions IPO is up to ₹3,079.88 Cr whereas the issue size of the OnEMI Technology IPO is up to ₹925.92 Cr. The final issue price of Clean Max Enviro Energy Solutions IPO is ₹1,053.00 per share and of OnEMI Technology IPO is ₹171.00 per share.

 Clean Max Enviro Energy Solutions IPOOnEMI Technology IPO
Face Value₹1 per share₹1 per share
Issue Price (Lower)₹1,000.00 per share₹162.00 per share
Issue Price (Upper)₹1,053.00 per share₹171.00 per share
Issue Price (Final)₹1,053.00 per share₹171.00 per share
Discount (Retail)
Discount (Employee)₹100.00 per share
Market Lot Size14 shares87 shares
Fresh Issue Size1,13,60,190 shares4,97,07,602 shares
Fresh Issue Size (Amount)up to ₹1,196.16 Crup to ₹850.00 Cr
OFS Issue Size1,78,90,087 shares44,39,788 shares
OFS Issue Size (Amount)up to ₹1,883.72 Crup to ₹75.92 Cr
Issue Size Total2,92,50,277 shares5,41,47,390 shares
Issue Size Total (Amount)up to ₹3,079.88 Crup to ₹925.92 Cr

IPO Timetable

Clean Max Enviro Energy Solutions IPO opens on Feb 23, 2026, while OnEMI Technology IPO opens on Apr 30, 2026. The closing date of Clean Max Enviro Energy Solutions IPO and OnEMI Technology IPO is Feb 25, 2026, and May 05, 2026, respectively.

 Clean Max Enviro Energy Solutions IPOOnEMI Technology IPO
Anchor Bid DateFeb 20, 2026Apr 29, 2026
Issue OpenFeb 23, 2026Apr 30, 2026
Issue CloseFeb 25, 2026May 05, 2026
Basis Of Allotment (Tentative)Feb 26, 2026May 06, 2026
Initiation of Refunds (Tentative)Feb 26, 2026May 07, 2026
Credit of Share (Tentative)Feb 27, 2026May 07, 2026
Listing date (Tentative)Mar 02, 2026May 08, 2026
Anchor Lockin End date 1Mar 27, 2026Jun 04, 2026
Anchor Lockin End date 2May 26, 2026Aug 03, 2026

Financials & KPIs

Clean Max Enviro Energy Solutions IPO P/E ratio is 634.34, as compared to OnEMI Technology IPO P/E ratio of 12.65.

 Clean Max Enviro Energy Solutions IPOOnEMI Technology IPO
Financials

Company Financials (Restated Consolidated)

Period Ended30 Sep 202531 Mar 202531 Mar 202431 Mar 2023
Assets16,945.6513,279.259,076.557,000.14
Total Income969.351,610.341,425.31960.98
Profit After Tax19.0019.43-37.64-59.47
EBITDA637.851,015.07741.57405.92
NET Worth2,598.342,545.441,817.961,209.93
Total Borrowing10,121.467,973.705,514.563,843.42
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended31 Dec 202531 Mar 202531 Mar 202431 Mar 2023
Assets3,568.782,701.101,796.531,275.20
Total Income1,583.931,352.691,700.301,001.51
Profit After Tax199.27160.62197.2927.67
EBITDA488.45403.37358.9697.71
NET Worth1,254.341,005.99804.57566.23
Reserves and Surplus1,242.32995.32794.50556.17
Total Borrowing2,047.521,507.58784.30387.89
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)74.8932.30
Promoter Shareholding (Post-Issue)49.0823.33
P/E Ratio634.3412.65
Market Cap₹12325.29 Cr.₹2881.06 Cr.
ROE1.2717.74
ROCE
Debt/Equity1.971.50
EPS₹1.84₹13.52
RoNW1.0915.97

Shares Offered

In the Clean Max Enviro Energy Solutions IPO Retail Individual Investors (RII) are offered 1,01,50,420 shares while in OnEMI Technology 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 1,08,29,478 shares in OnEMI Technology IPO.

 Clean Max Enviro Energy Solutions IPOOnEMI Technology IPO
Anchor Investor Reservation87,46,437 shares1,62,44,216 shares
Market Maker Reservation0 shares0 shares
QIB57,54,161 shares1,08,29,478 shares
NII43,50,180 shares81,22,109 shares
RII1,01,50,420 shares1,89,51,587 shares
Employee3,14,795 shares0 shares
Others
Total2,93,15,993 shares5,41,47,390 shares

Bids Received (Subscription)

Clean Max Enviro Energy Solutions IPO subscribed 0.70x in total, whereas OnEMI Technology IPO subscribed 6.97x.

 Clean Max Enviro Energy Solutions IPOOnEMI Technology IPO
QIB (times)3.02x25.97x
NII (times)0.57x6.91x
Big NII (times)0.82x8.59x
Small NII (times)0.07x3.53x
RII (times)0.07x2.13x
Employee (times)0.11x
Other (times)
Total (times)0.70x6.97x

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