Clean Max Enviro Energy Solutions Limited
NSE: CLEANMAXBSE: CLEANMAX
MAINBOARDUPCOMING
Grey Market Premium*
UPDATED: 25-Feb-2026₹3+0.28%
Est. Listing*₹1056
Upper band ₹1053
* GMP indicative only. Not investment advice.
GMP sourced from IPO Guru
Subscription Status
| Category | Offered | Bids | Times (x) |
|---|---|---|---|
| Total | - | - | - |
Financial Performance
Figures in ₹ Crores unless specified
| Metric | Sep-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| Assets | 16945.7 | 13279.3 | 9076.6 | 7000.1 |
| Total Income | - | - | - | - |
| PAT | 19 | 19.4 | -37.6 | -59.5 |
| EBITDA | 637.9 | 1015.1 | 741.6 | 405.9 |
| Net Worth | 2598.3 | 2545.4 | 1818 | 1209.9 |
| Reserves | - | - | - | - |
| Total Borrowing | - | - | - | - |
Key Performance Indicators
| KPI | Sep-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| RoNW (%) | 0.43 | 1.09 | -1.7 | -5.39 |
| EPS (₹) | 1.09 | 2.88 | -3.94 | -9.01 |
| P/E (Pre) | - | - | - | - |
| P/E (Post) | - | - | - | - |
IPO Details
Price Band
₹1,000 - ₹1,05314 Shares
Lot Size
14 Shares
Total Issue Size
₹3,100 Cr2,94,39,696 Shares
Fresh Issue
₹1,200 Cr1,13,96,011 Shares
Offer for Sale
₹1,900 Cr1,80,43,685 Shares
Face Value
₹1
Listing At
BSE, NSE
Dates
IPO Open
23 Feb 2026
IPO Close
25 Feb 2026
Allotment
26 Feb 2026
Listing
02 Mar 2026
IPO Open23 Feb 2026
IPO Close25 Feb 2026
Allotment26 Feb 2026
Listing02 Mar 2026
Lot Size & Investment Limits
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 1 | 14 | 14742 |
| sHNI | 14 | 196 | 206388 |
| bHNI | 68 | 952 | 1002456 |
Peer Comparison
| Company | CMP (₹) | P/E Ratio | ROE (%) |
|---|---|---|---|
| ACME Solar Holdings Ltd | 224.05 | 49.46 | -% |
| NTPC Green Energy Ltd | 89.07 | 132.94 | -% |
| Adani Green Energy Limited | 997.2 | 119.14 | -% |
| ReNew Energy Global PLC | 484.68 | 44.84 | -% |
About Clean Max Enviro Energy Solutions Limited
Clean Max Enviro Energy Solutions Limited is India’s largest commercial and industrial renewable energy provider, offering solar, wind and hybrid clean energy solutions through long-term PPAs, EPC services and carbon solutions.
Company Information
Registered Address
4th Floor, The International, 16 Maharshi Karve Road, New Marine Lines, Mumbai, Maharashtra, 400020
Lead Managers
- Axis Capital Limited
- BNP Paribas
- BOB Capital Markets Limited
- HSBC Securities & Capital Markets Pvt Ltd
- IIFL Securities Ltd
- J.P. Morgan India Private Limited
- Nomura Financial Advisory And Securities (India) Pvt Ltd
- SBI Capital Markets Limited
Company Strengths (from RHP)
- ✓India’s largest C&I renewable energy provider
- ✓End-to-end EPC, O&M and carbon services capabilities
- ✓Diverse customer base with long-term PPAs
Key Risks (from RHP)
- ⚠Project execution and approval risks
- ⚠Long-term PPA termination risk
- ⚠Land acquisition and title challenges
Objects of the Issue
• Funding growth and expansion of renewable energy portfolio
• Debt repayment and balance sheet strengthening
• General corporate purposes
Subscription Status
| Category | Offered | Bids | Times (x) |
|---|---|---|---|
| Total | - | - | - |
Registrar Contact
MUFG Intime India Private Limited (Link Intime)
Waiting for Allotment
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Disclaimer
Data on OpenIPO is for informational purposes only and is not investment advice. OpenIPO is not a SEBI-registered entity. GMP figures are unofficial estimates and may vary. Verify all details from the company RHP and official registrar websites before making decisions.