Clean Max Enviro Energy Solutions Limited
Grey Market Premium*
UPDATED: 25-Feb-2026Upper band ₹1053
* GMP indicative only. Not investment advice.
GMP sourced from IPO Premium
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
Dates
IPO Open
23 Feb 2026
IPO Close
25 Feb 2026
Allotment
26 Feb 2026
Listing
02 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
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
- ✓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
- ⚠Project execution and approval risks
- ⚠Long-term PPA termination risk
- ⚠Land acquisition and title challenges
Objects of the Issue
Grey Market Premium*
UPDATED: 25-Feb-2026Upper band ₹1053
* GMP indicative only. Not investment advice.
GMP sourced from IPO Premium
Subscription Status
| Category | Offered | Bids | Times (x) |
|---|---|---|---|
| Total | - | - | - |
Registrar Contact
MUFG Intime India Private Limited (Link Intime)
Disclaimer
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