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Clean Max Enviro
Price Band
₹1000.0–1053.0
Issue Size
₹3079.88 Cr
Lot Size
14 shares
Min Investment
₹14,742
GMP
₹-35.0 (-3.32%)
Issue Price
₹1053.0
calendar_month Important Dates
bar_chart Subscription Status
Subscription data unavailable
trending_up Grey Market Premium (GMP)
GMP
₹-35.0
GMP %
-3.32%
Est. Listing
₹1018.0
schedule Updated: 14 Jul 2026 15:52
Share GMP:
business About the Company
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, the company has 2.54 GW of operational, owned, and managed capacity, with an additional 2.53 GW of contracted capacity under execution. The company’s core offerings include supplying renewable power, delivering comprehensive energy services, and providing carbon credit solutions. It serves a diverse customer base, including both technology sector clients and traditional C&I customers. Clean Max Enviro’s expertise spans energy contracting, engineering, procurement, and construction (EPC), as well as operation and maintenance (O&M) of renewable energy plants, including solar, wind, and hybrid projects. Business Segments: Renewable Energy Power Sales: Supply renewable energy to customers through long-term Power Purchase Agreements (PPAs) and Energy Attribute Purchase Agreements (EAPAs). Renewable Energy Services: Offer end-to-end turnkey solutions, covering land acquisition, evacuation infrastructure, EPC services, power evacuation, and lifetime O&M services, along with carbon services offerings. Competitive Strengths Comprehensive Suite of Customer-Centric Capabilities Timely and Cost-Effective Project Development, Execution and Management Capabilities Efficient capital allocation and risk management
payments Company Financials (₹ Cr)
As of 2025-09-30
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 16,945.65 | 13,279.25 | 9,076.55 | 7,000.14 |
| Total Income | 969.35 | 1,610.34 | 1,425.31 | 960.98 |
| Profit After Tax | 19.00 | 19.43 | -37.64 | -59.47 |
| EBITDA | 637.85 | 1,015.07 | 741.57 | 405.92 |
| NET Worth | 2,598.34 | 2,545.44 | 1,817.96 | 1,209.93 |
| Total Borrowing | 10,121.46 | 7,973.70 | 5,514.56 | 3,843.42 |
Key Ratios
EPS
₹1.84
NAV
₹250.93
ROE
1.27%
RoNW
1.09%
P/B Value
4.20
P/E Ratio
634.34
Market Cap
₹12325.29 Cr
Debt/Equity
1.97
Promoters
Kuldeep Jain, Pratap Jain, Nidhi Jain, BGTF One Holdings (DIFC) Ltd. and Kempinc LLP
Objects of the Issue
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 the Company and/or certain of the Subsidiaries 1,122.67 2 General Corporate Purposes 23.79 3 Issue Expenses 134.63 Total 1,281.10
info Issue Details
pie_chart Investor Allocation
Registrar
Lead Managers / Book Running
timeline IPO Timeline
Open
23 Feb 2026
Close
25 Feb 2026
Allotment
26 Feb 2026
Listing
02 Mar 2026