Clean Max Enviro Energy Solutions Limited Links 
Allotment
SEBI granted approval to Clean Max Enviro Energy Solutions Ltd. for its Initial Public Offer (IPO) on October 30, 2025. With this clearance, the company will move ahead with the IPO launch, subject to prevailing market conditions and necessary regulatory approvals. The SEBI approval remains valid for a period of 12 months.
The Clean Max Enviro Energy Solutions Ltd. IPO is a book-built issue aggregating to ₹5,200.00 crores. It comprises a fresh issue of equity shares worth ₹1,500.00 crores along with an offer for sale (OFS) of ₹3,700.00 crores.
The company proposes to list its equity shares on both the NSE and BSE. Axial Capital Pvt. Ltd. has been appointed as the book running lead manager, while MUFG Intime India Pvt. Ltd. will act as the registrar to the issue. Details regarding the IPO opening and closing dates, price band, and lot size will be announced in due course. For further information, refer to the Clean Max Enviro Energy Solutions IPO DRHP.
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Total Traded Value
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52 Weeks High
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52 Weeks Low
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Updates On
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IPO. Open
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IPO. Price
Not announced
IPO Market price
Not announced
IPO Details
| IPO Date | |
| IPO Listing Date | |
| IPO Face Value | ₹1 per share |
| IPO Price Range | Not announced |
| IPO Issue Size | Not announced |
| IPO Sale Type | Fresh Capital & OFS |
| Employee Discount | Not announced |
| IPO Issue Type | Bookbuilding IPO |
| IPO Listing | BSE, NSE Platform |
| Share Holding Pre Issue | 10,14,41,820 shares |
IPO Timeline
| IPO Open Date | |
| IPO Close Date | |
| IPO Allotment (Tentative) | |
| Refunds | |
| Credit to Demat Account | |
| IPO Listing Date |
IPO Reservation
| Category | Offer |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| NII (HNI) Shares Offered | Not less than 35% of the Net Offer |
| Retail Shares Offered | Not less than 15% of the Net Offer |
IPO Lot Size
The Clean Max IPO minimum market lot is [.] shares with ₹[.] application amount. The retail investors can apply up-to 13 lots with [.] shares of ₹[.] amount
| Application | Lots | Share | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | Not announced | - | - |
| Individual investors (Retail) (Max) | Not announced | - | - |
| S-HNI (Min) | Not announced | - | - |
| S-HNI (Max) | Not announced | - | - |
| B-HNI (Min) | Not announced | - | - |
Clean Max Enviro is India’s largest commercial and industrial (C&I) renewable energy solutions provider as of March 31, 2025, as stated in the CRISIL Report. As of July 31, 2025, the company has an operational, owned, and managed renewable energy portfolio of 2.54 GW, along with an additional 2.53 GW of contracted capacity currently under execution.
The company’s core offerings include the supply of renewable power, comprehensive energy services, and carbon credit solutions. Clean Max Enviro serves a diverse client base comprising technology-driven enterprises as well as traditional C&I customers.
Its capabilities span the entire renewable energy value chain, including energy contracting, engineering, procurement and construction (EPC), and operation and maintenance (O&M) of solar, wind, and hybrid renewable energy projects.
Company Financials (Consolidated)
| 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 |
Key Performance Indicator (KPI)
| ROE | 1% |
| ROCE | 6% |
| Debt/Equity | 2.49 |
| RoNW | 1.09% |
| PAT Margin | 1.00% |
| EBITDA Margin | - |
| Price to book value | - |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | - |
| 2 | To meet out the expenses of Working Capital Requirement | - |
| 3 | To meet out the General Corporate Purposes; | - |
| 4 | Offer for Sale (OFS) | - |
Contact Details
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/
Detail Registrar
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
The Clean Max Enviro IPO is a book-built public issue through which the company plans to raise up to ₹5,200 crore to support growth and provide exits to existing shareholders.
Yes, SEBI approved the IPO draft on October 30, 2025. The approval is valid for 12 months, subject to market conditions and regulatory requirements.
The IPO consists of :
- Fresh issue worth ₹1,500 crore
- Offer for Sale (OFS) worth ₹3,700 crore
The IPO opening and closing dates have not been officially announced yet
The company proposes to list its equity shares on both BSE and NSE.
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