Bookbuilding IPO | ₹5,200 Cr | Listing at BSE, NSE
Clean Max Enviro Energy Solutions IPO is a book build issue of ₹5,200.00 crores. The issue is a combination of fresh issue of ₹1,500.00 crores and offer for sale of ₹3,700.00 crores.\
Clean Max Enviro Energy Solutions IPO bidding started from and ended on . Clean Max Enviro Energy Solutions IPO will list on BSE, NSE with a tentative listing date fixed as .
Clean Max Enviro Energy Solutions IPO price band is set at [.] to [.] per share.
Axis Capital Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Clean Max Enviro Energy Solutions IPO DRHP for detailed Information.
IPO Open
To be declared
IPO Close
To be declared
Price Band
To be declared
Market Cap (Pre-IPO)
To be declared
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹1 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh Capital & OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | [.] shares (agg. up to ₹5,200 Cr) |
| Fresh Issue | [.] shares (agg. up to ₹1,500 Cr) |
| Offer for Sale | [.] shares of ₹1 (agg. up to ₹3,700 Cr) |
| Share Holding Pre Issue | 10,14,41,820 shares |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Net Offer |
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
Competitive Strengths
Clean Max Enviro Energy Solutions Ltd.'s revenue increased by 13% and profit after tax (PAT) rose by 152% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 13,279.25 | 9,076.55 | 7,000.14 |
| Total Income | 1,610.34 | 1,425.31 | 960.98 |
| Profit After Tax | 19.43 | -37.64 | -59.47 |
| EBITDA | 1,015.07 | 741.57 | 405.92 |
| NET Worth | 3,054.00 | 2,178.04 | 1,439.20 |
| Reserves and Surplus | 2,465.25 | 1,781.72 | 1,177.32 |
| Total Borrowing | 7,973.70 | 5,514.56 | 3,843.42 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | 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 |
| 2 | General corporate purposes |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 1.27% |
| ROCE | 6% |
| Debt/Equity | 2.49 |
| RoNW | 1.09% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 74.89% |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLMs fees and commissions (including underwriting commission) | |
| 2 | Commission/processing fee for SCSBs and Bankers to the Offer and fee payable to the Sponsor Banks for Bids made by RIBs using UPI | |
| 3 | Brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | |
| 4 | Fees payable to the Registrar to the Offer | |
| 5 | Fees payable to others | |
| 6 | Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees and other regulatory expenses | |
| 7 | Printing and stationery | |
| 8 | Advertising and marketing expenses for the Offer | |
| 9 | Fee payable to legal counsels | |
| 10 | Miscellaneous |
Lead Manager Reports
Clean Max Enviro Energy Solutions IPO is a main-board IPO of 0 equity shares of the face value of ₹1 aggregating up to ₹5,200 Crores. The issue is priced at To be declared. The minimum order quantity is .
The Clean Max Enviro Energy Solutions IPO open and close dates are not available as of now.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Clean Max Enviro Energy Solutions IPO using UPI as a payment gateway. Zerodha customers can apply in Clean Max Enviro Energy Solutions IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Clean Max Enviro Energy Solutions IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Clean Max Enviro Energy Solutions IPO dates are not announced. Please check back again after some time.
Clean Max Enviro Energy Solutions IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Clean Max Enviro Energy Solutions IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Clean Max Enviro Energy Solutions IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Clean Max Enviro Energy Solutions IPO allotment status.
The Clean Max Enviro Energy Solutions IPO listing date is not yet announced. The tentative date of listing is .
