Clean max is a provider of commercial and industrial renewable energy solutions with nearly 15 years of experience since its inception in 2010. It delivers decarbonization solutions through renewable power supply, energy services and carbon credit offerings. Its expertise includes EPC and O&M services for solar, wind and hybrid plants, both within customer premises and at CleanMax-developed farms. The company operates through two segments: the Renewable Energy Power Sales segment, under which it sells power through long-term PPAs, and the Renewable Energy Services segment, which includes EPC, O&M and carbon services.
Price Band₹ |
Dates- |
GMP₹0 (-) |
Subscriptions- |
Issue Size₹5,200.00 Crs |
Clean Max IPO Objects
- Repayment &/or pre-payment, in part or full, of all or certain outstanding borrowings of the Company &/or the Subsidiaries
- General corporate purposes
Clean Max IPO Details
Price Band₹ |
Listing AtNSE & BSE |
IPO Issue Type100% Book Built Offer |
Fresh Issue₹1,500.00 Cr (0.00 Shares) |
Offer For Sale₹3,700.00 Cr (0.00 Shares) |
Total Issue₹5,200.00 Cr (0.00 Shares) |
Face Value₹1 per equity share |
Clean Max IPO Lot Information
| Investor Category | Lot | Shares | Amount | |
|---|---|---|---|---|
| Retail |
Minimum
0
0
0
Maximum
-
-
-
|
|||
| Small HNI |
Minimum
-
-
-
Maximum
-
-
-
|
|||
| Big HNI |
Minimum
-
-
-
|
|||
Clean Max IPO GMP
The estimated Grey Market Premium of Clean Max IPO is ₹0 per share (-)
Category Allocation
| Particulars | Allocation |
|---|---|
| QIBs | Not more than 50% of Net Offer |
| Big HNIs (NII) | Not less than 10% of Net Offer |
| Small HNIs (NII) | Not less than 5% of Net Offer |
| Retail | Not less than 35% of Net Offer |
Clean Max IPO Financials
| Particulars | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| Revenue from Operations | 1,495.70 | 1,389.84 | 929.58 |
| Profit after Tax | 19.43 | -37.64 | -59.47 |
| Net Worth | 0.00 | 0.00 | 0.00 |
| Total Borrowing | 7,973.70 | 5,514.56 | 3,843.42 |
| Total Assets | 13,279.25 | 9,076.55 | 7,000.14 |
| NAV per share (in ₹) | 250.93 | 206.62 | 166.80 |
| EPS - Basic (in ₹) | 2.88 | -3.94 | -9.01 |
The financial information presented is on a consolidated basis.
Key Performance Indicators
| KPI | VALUES |
|---|---|
| Debt to Equity | 1.97 |
| ROE | 1.27% |
- All the data pertains to FY 2024-25.
- PE, PB, and market capitalization are calculated based on the Upper Price Band.
Clean Max IPO Peer Comparision
Clean Max IPO Peer Comparision
Promoter Details
| Name | Shareholding |
|---|---|
| Kuldeep Jain | 11.34% |
| BGTF One Holdings Ltd. | 42.87% |
| KEMPINC LLP | 9.54% |
| Others | 10.06% |
| Total | 73.81% |
Management Details
| Name | Designation |
|---|---|
| Kuldeep Jain | Chairman & MD |
| Nikunj Ghodawat | CFO |
Company Details
Name: Clean Max Enviro Energy Solutions Limited
Address: 4th Floor, The International 16 Maharshi Karve Road, New Marine Lines Cross Road No.1, Churchgate Mumbai - 400 020 Maharashtra, India
Number: +91 22 6252 000
Email: Secretarial@cleanmax.com
Website: www.cleanmax.com
Book Running Lead Managers (BRLMs)
SBI Capital
Visit Website
J.P. Morgan
Visit Website
Axis Capital
Visit Website
BOB Capital
Visit Website
HSBC Securities
Visit Website
BNP Paribas
Visit Website
IIFL Capital Services
Visit Website
Nomura Financial
Visit WebsiteRTAs
MUFG Intime India
Visit WebsiteFrequently Asked questions?
Find answers to common questions that come in your mind related to IPO.
Clean Max IPO is a Mainboard IPO having an issue size of Rs. ₹5,200.00 Crs. Clean Max IPO is priced at ₹ - ₹ per share. The issue opens on 05 Dec 25 and closes on 05 Dec 25.
Clean Max IPO opens on 05 Dec 25 and closes on 05 Dec 25.
The estimated Grey Market Premium of Clean Max IPO is ₹0 per share (-).
The minimum lot size of Clean Max IPO is 0 shares & the minimum application amount is Rs. 0.
The allotment date of Clean Max IPO is 05 Dec 25.
The listing date of Clean Max IPO is 05 Dec 25.
Clean Max IPO is subscribed -.
Clean Max IPO is priced at ₹ - ₹ per share.
Click the allotment link on Clean Max IPO page of IPO360.
- Go to Kite App → Tap on Bids → Tap on IPO
- Select the IPO → Tap on apply → Enter UPI ID
- Enter Qty and Price
- Submit the application
- Approve the UPI Mandate on your UPI app
- Go to Groww App → Stocks Section → Select IPO option
- Select the IPO you want to apply
- Enter your bid details and price
- Enter UPI ID & submit
- Approve the UPI Mandate on your UPI app
- Log in to your bank's net banking portal.
- Navigate to the 'IPO' or 'ASBA' section.
- Select Clean Max IPO from the list of available IPOs.
- Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
- Submit the application.
- Money will remain blocked till the refund date
We are a one-stop destination for all your IPO needs. Get reliable, accurate, and timely information for all the IPOs in India!