Clean Max Enviro Energy IPO Description – Founded in 2010, Clean Max Enviro Energy Solutions is India’s largest commercial and industrial (C&I) renewable energy provider as of 31 March 2025, with 2.54 GW of operational capacity and 2.53 GW of contracted capacity as of 31 July 2025. The company specializes in solar, wind, and hybrid renewable projects, serving over 531 corporate clients—including major data centers, AI, and industrial firms.
Its business model focuses on customer-specific renewable solutions, avoiding utility-scale tariff tenders, and maintaining 77.28% repeat customer demand. Clean Max’s Renewable Energy Power Sales and Renewable Energy Services segments together span onsite and offsite plants across India and select international markets, including the UAE, Bahrain, and Thailand.
As of March 2025, it operated 1,373.95 MW STU-connected capacity (64.22% group captive) and 465.20 MW Capex model capacity. Backed by global investors Brookfield and Augment India Holdings, Clean Max continues to drive India’s C&I decarbonization with a 22.73-year weighted average PPA tenure and a robust focus on Net Zero and carbon-credit services.
Promoters of Clean Max Enviro Energy – Kuldeep Jain, Pratap Jain, Nidhi Jain, BGTF One Holdings (DIFC) Limited, and Kempinc LLP
Table of Contents
Clean Max Enviro Energy IPO Details
| Clean Max Enviro Energy IPO Dates | Coming soon |
| Clean Max Enviro Energy Issue Price | Coming soon |
| Fresh issue | INR 1,500 crore |
| Offer For Sale | INR 3,700 crore |
| Total IPO size | INR 5,200 crore |
| Minimum bid (lot size) | Coming soon |
| Face Value | INR 1 per share |
| Retail Allocation | 35% |
| Listing On | BSE, NSE |
Clean Max Enviro Energy Financial Performance
| FY 2023 | FY 2024 | FY 2025 | |
| Revenue | 929.58 | 1,389.84 | 1,495.70 |
| Expenses | 555.06 | 683.74 | 595.27 |
| Net income | (59.47) | (37.64) | 11.88 |
| Margin (%) | (6.40) | (2.71) | 0.79 |
Clean Max Enviro Energy Offer News
- Clean Max Enviro Energy RHP
- Clean Max Enviro Energy DRHP
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Clean Max Enviro Energy Valuations & Margins
| FY 2023 | FY 2024 | FY 2025 (Pre-Issue) | FY 2025 (Post-Issue) | |
| EPS | (9.01) | (3.94) | 2.79 | – |
| PE Ratio | – | – | – | – |
| FY 2023 | FY 2024 | FY 2025 | |
| RONW (%) | (5.39) | (1.70) | 1.09 |
| NAV | 166.80 | 206.62 | 250.93 |
| EBITDA (%) | 43.67 | 53.36 | 67.87 |
| Debt/Equity | 2.16 | 2.17 | 1.97 |
Clean Max Enviro Energy IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Subject to Sauda |
| Coming soon |
Clean Max Enviro Energy Offer Objectives
The company proposes to utilize the Net Proceeds from the Issue towards the following objects:
- Repayment and/or pre-payment, in part or in full, of all or certain outstanding borrowings of the company and/or certain of its subsidiaries – INR 1,125 crore
- General corporate purposes
Clean Max Enviro Energy IPO Subscription – Live Updates
Coming soon
() Shares allotted to anchor investors are not included in these calculations.
Clean Max Enviro Energy – Comparison With Listed Peer
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| Clean Max Enviro Energy | – | 2.79 | 1.09 | 250.93 | 1,495.70 |
| ACME Solar Holdings | 42.38 | 4.53 | 5.59 | 74.54 | 1,405.13 |
| NTPC Green Energy | 150.10 | 0.67 | 2.58 | 21.88 | 22,09.64 |
Clean Max Enviro Energy IPO Allotment Status
Clean Max Enviro Energy IPO allotment status will be available on the MUFG Intime India website. Click on this link to get the allotment status.
Clean Max Enviro Energy IPO Dates & Listing Performance
| IPO Opening Date | Coming soon |
| IPO Closing Date | Coming soon |
| Finalization of Basis of Allotment | Coming soon |
| Initiation of refunds | Coming soon |
| Transfer of shares to demat accounts | Coming soon |
| Clean Max Enviro Energy IPO Listing Date | Coming soon |
| Opening Price on NSE | Coming soon |
| Closing Price on NSE | Coming soon |
Clean Max Enviro Energy IPO Reviews – Subscribe or Avoid?
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Clean Max Enviro Energy IPO Lead Manager
AXIS CAPITAL LIMITED
1st Floor, Axis House, P.B. Marg,
Worli, Mumbai – 400 025
Phone: +91 22 4325 2183
Email: [email protected]
Website: www.axiscapital.co.in
Clean Max Enviro Energy Offer Registrar
MUFG INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park, L.B.S. Marg,
Vikhroli (West), Mumbai-400 083
Phone: +91 810 811 4949
Email: [email protected]
Website: www.in.mpms.mufg.com
Clean Max Enviro Energy Contact Details
CLEAN MAX ENVIRO ENERGY SOLUTIONS LIMITED
4th Floor, The International, 16 Maharshi Karve Road,
New Marine Lines Cross Road No.1,
Churchgate, Mumbai – 400 020, Maharashtra
Phone: +91 22 6252 0000
Email: [email protected]
Website: www.cleanmax.com
Clean Max Enviro Energy IPO FAQs
How many shares in the Clean Max Enviro Energy IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply in the Clean Max Enviro Energy Public Offer?
The best way to apply for Clean Max Enviro Energy public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stockbroker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is the Clean Max Enviro Energy IPO GMP today?
Clean Max Enviro Energy IPO GMP today is INR NA per share.
What is the Clean Max Enviro Energy kostak rate today?
Clean Max Enviro Energy kostak rate today is INR NA per application.
What is Clean Max Enviro Energy Subject to Sauda rate today?
Clean Max Enviro Energy Subject to Sauda rate today is INR NA per application.