C

Clean Max Enviro Energy Solutions Ltd.

ListedListed on 2 Mar 2026-9.6%

Price Range

₹1000–1053

Issue Size

₹ 2,298 Cr

Lot Size

14 Shares

Min. Investment

₹ 14,000

Financial Summary

(in crores)
ParticularsFY 2025-26FY 2024-25
Operating Revenue19,128.7314,957.01
Other Income1,650.551,160.7
Total Income20,779.2816,117.71
Total Expenses7,817.735,945.15
Profit Before Tax1,349.81521.95
Total Profit855.77118.77

Subscription Details

0.94xTotal
Subscription
Retail
0.06x
NII - Small
0.00x
NII - Big
0.00x
QIB
2.83x
Employees
0.10x

IPO Timeline

IPO Offer Start

23 Feb 2026

IPO Offer Ends

25 Feb 2026

Listing Date

2 Mar 2026

Use of Proceeds

#PurposeAmount (₹ Cr)
1Repayment and/or pre-payment, in part or full, of all or certain outstanding borrowings11,226.74
2General corporate purposes 237.89

Promoters

Kuldeep JainPratap JainNidhi JainBGTF One Holdings (DIFC) Ltd.Kempinc LLP

Promoter Shareholding

Pre-IPO

65.42%

Promoter stake

Post-IPO

N/A

Promoter stake

Offered to Public

2,18,23,329

shares

About the Company

we specialize in delivering Net Zero11 and decarbonization solutions, including supplying renewable power and offering energy services and carbon credit solutions to customers across data centres, AI and technology industries (“Technology customers”); and C&I enterprises across a range of sectors, including infrastructure, cement, steel, industrial manufacturing, FMCG, pharmaceuticals, real estate, and global capability centres (“Conventional C&I customers”). Our expertise spans across providing energy contracting, engineering, procurement and construction (“EPC”) services, and operation and maintenance (“O&M”) services of renewable energy plants including solar, wind and hybrid plants, within our customer’s premises (“Onsite”) and within CleanMax-developed renewable energy (solar, wind and hybrid) farms (“Offsite”). We also provide end-to-end decarbonization solutions to customers such as turnkey development, O&M solutions for renewable energy power plants and carbon credits solutions. We are committed to being a Net Zero partner to corporates, driven by a client-first culture, execution excellence, focus on capital efficiency and our people and culture.

Use of Proceeds

The net proceeds of the Fresh Issue, i.e., Gross Proceeds of the Fresh Issue less the Company’s share of the Offer related expenses (“Net Proceeds”) are proposed to be utilised in the following manner: 1. Repayment and/or pre-payment, in part or full, of all or certain outstanding borrowings of our Company and/or certain of our Subsidiaries; and 2. General corporate purposes.