Clean Max Enviro Energy IPO Date, Review, Price, Allotment Details
The Clean Max Enviro Energy IPO is expected to open for subscription in 2025 and close within the same year. It is a Book Built Issue through which the company plans to raise approximately ₹5,200 crores, comprising a fresh issue of ₹1,500 crores and an offer for sale (OFS) of equity shares with a face value of ₹1 each.
The Clean Max Enviro Energy IPO price band is yet to be announced. The issue includes a retail quota of 35%, QIB quota of 50%, and HNI quota of 15%. The IPO is proposed to be listed on the BSE and NSE in 2025, while the allotment date will also be finalized in the same period.
Financially, the company recorded a revenue of ₹1,610.34 crores in FY 2025, up from ₹1,425.31 crores in FY 2024, marking steady growth. It also reported a profit of ₹19.43 crores in FY 2025, compared to a loss of ₹37.64 crores in FY 2024, indicating a strong turnaround in performance. Based on the company’s improving financials and positive outlook in the renewable energy sector, Clean Max Enviro Energy IPO appears to be a promising long-term investment opportunity for investors.
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 
Clean Max Enviro Energy IPO Market Lot
The minimum market lot for the Clean Max Enviro Energy IPO is [.] shares, requiring an application amount of ₹[.]. Retail investors can apply for up to 13 lots, comprising a total of [.] shares, with a maximum investment amount of ₹[.].
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 Energy IPO is expected to open for subscription in 2025 and close within the same year. The IPO allotment will be finalized in 2025, and the listing is likely to take place on the BSE and NSE later in 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 Clean Max Enviro Energy Solutions Limited 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 in 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 Energy Solutions Limited is one of India’s leading renewable energy providers, known for its strong presence in the clean energy sector. The company has an impressive 2.54 GW of operational, owned, and managed capacity, along with an additional 2.53 GW of contracted capacity currently under execution.
Clean Max primarily operates through two key business segments — the Renewable Energy Power Sales Segment and the Renewable Energy Services Segment. It serves a diverse client base, including technology companies and conventional commercial and industrial (C&I) customers across India.
The company’s core strength lies in efficient and affordable project development, execution, and management, which has driven its consistent growth. Financially, Clean Max Enviro Energy Solutions Ltd. recorded a 13% increase in revenue and an impressive 152% rise in profit after tax (PAT) between FY 2024 and FY 2025, reflecting strong operational efficiency and profitability.
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: Secretarial@cleanmax.com
Website: http://www.cleanmax.com/
IPO Registrar
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: cleanmax.ipo@in.mpms.mufg.com
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html