Clean Max Enviro Energy

upcoming Mainboard IPO
₹16.5
(1.57%)

Table of Contents

IPO PARAMETERS

PRICE BAND 1000.00 - 1053.00
LOT SIZE Shares
MIN. INVESTMENT TBA

IPO ROADMAP

1
BIDDING STARTS 23 Feb 2026
2
BIDDING ENDS TBA
3
ALLOTMENT TBA
4
LISTING TBA

Grey Market Premium HISTORY

Date GMP (₹) Daily Change Gain (%)
18 Feb 2026 ₹16.50 - 1.57%

Clean Max Enviro IPO – Key DETAILS

IPO Open Date February 23, 2026
IPO Close Date February 25, 2026
Face Value ₹1 Per Equity Share
IPO Price Band ₹1000 to ₹1053 Per Share
Issue Size Approx ₹3,100 Crores
Fresh Issue Approx ₹1,200 Crores
Offer for Sale (OFS) Approx 1,80,43,684 Equity Shares
Issue Type Book Built Issue
IPO Listing BSE, NSE

Clean Max Enviro Energy IPO – Market LOT

Retail Minimum 1 Lot (14 Shares) – ₹14,742
Retail Maximum 13 Lots (182 Shares) – ₹1,91,646
S-HNI Minimum 14 Lots (196 Shares) – ₹2,06,388
S-HNI Maximum 67 Lots (938 Shares) – ₹9,87,714
B-HNI Minimum 68 Lots (952 Shares) – ₹10,02,456

Clean Max Enviro Energy IPO – RESERVATION

Anchor Investor – Shares
QIB (Ex. Anchor) 50%
NII Shares Offered 15%
Retail Shares Offered 35%

Clean Max Enviro Energy IPO – Anchor INVESTORS

Anchor Bidding Date February 20, 2026
Shares Offered [.] Shares
Anchor Size [.] Cr.
Lock-in Period (50% – 30 Days) March, 2026
Lock-in Period (50% – 90 Days) May, 2026

Clean Max Enviro Energy IPO – Important DATES

IPO Open Date February 23, 2026
IPO Close Date February 25, 2026
Basis of Allotment February 26, 2026
Refunds February 27, 2026
Credit to Demat Account February 27, 2026
IPO Listing Date March 2, 2026
IPO Bidding Cut-off Time February 25, 2026 – 5 PM

Clean Max Enviro Energy IPO – Promoters & Holding PATTERN

Promoters Kuldeep Jain, Pratap Jain, Nidhi Jain, BGTF One Holdings (DIFC) Ltd, Kempinc LLP
Promoter Holding (Pre Issue) 10,14,41,820 Shares (74.89%)
Promoter Holding (Post Issue) 11,28,37,831 Shares (49.08%)

Clean Max Enviro Energy IPO – Objects of the Issue & Utilisation of PROCEEDS

Repayment and/or pre-payment of outstanding borrowings (Company / Subsidiaries) ₹1,125.00 Cr
General Corporate Purpose –

About Clean Max Enviro Energy IPO

Clean Max Enviro is one of the leading companies in terms of renewable energy providers. Furthermore, the company also has 2.54 GW of operational, owned, and managed capacity and an additional 2.53 GW of contracted capacity under execution. 
 

The company mainly offers the Renewable Energy Power Sales Segment and, Renewable Energy Services Segment. They cater to a wide range of customers, including Technology customers and conventional C&I customers. 
 

Furthermore, Efficient and affordable project development, execution, and management is the company’s strength. Clean Max Enviro Energy Solutions Ltd.’s revenue grew by 13%, and its profit after tax (PAT) jumped by 152% between FY 2024 and FY 2025.

Clean Max Enviro Energy IPO – Company Financial REPORT

Period Ended Revenue (₹ Cr) Expense (₹ Cr) PAT (₹ Cr) Assets (₹ Cr)
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
Sep 2025 ₹969.35 ₹331.49 ₹19.00 ₹16,945.65

Clean Max Enviro Energy IPO – Valuation (FY2025)

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

Clean Max Enviro Energy IPO – Peer Group COMPARISON

Company EPS P/E Ratio RoNW % NAV Income
ACME Solar Holdings Ltd 4.55 49.46 5.59% ₹74.54 ₹1,405.13 Cr
NTPC Green Energy Ltd 0.67 132.94 2.58% ₹21.88 ₹2,209.64 Cr
Adani Green Energy Limited 8.37 119.14 13.48% ₹58.63 ₹11,212.00 Cr
ReNew Energy Global PLC $10.92 44.84 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