Clean Max Enviro is India’s largest commercial and industrial (“C&I”) renewable energy provider as of March 31, 2025, according to the CRISIL Report. As of July 31, 2025, we have 2.54 GW of operational, owned, and managed capacity and an additional 2.53 GW of contracted capacity under execution.Its key offerings include supplying renewable power, providing energy services, and offering carbon credit solutions. We cater to a wide range of customers, including Technology customers and conventional C&I customers<.The company's expertise covers Energy contracting, Engineering, procurement, and construction (EPC), and Operation and maintenance (O&M) of renewable energy plants (solar, wind, and hybrid).Business OfferingsRenewable Energy Power Sales Segment: Sell renewable energy to customers through long-term Power Purchase Agreements (“PPAs”) and Energy Attribute Purchase Agreements (“EAPAs”). TRenewable Energy Services Segment: Turnkey development services, including land, evacuation infrastructure, EPC services, power evacuation and O&M services for the project lifetime and Carbon Services offering.Competitive StrengthsComprehensive Suite of Customer-Centric CapabilitiesTimely and Cost-Effective Project Development, Execution and Management CapabilitiesEfficient capital allocation and risk management
| Category | Shares Offered* | Total Amt* (₹ Cr.) |
|---|---|---|
|
QIB (Ex Anchor)
|
14,562,451 | ₹1,533.430 |
|
NII
|
4,368,735 | ₹460.030 |
|
Retail
|
10,193,715 | ₹1,073.400 |
|
Employees
|
314,795 | ₹33.150 |
| Total ** | 29,439,696 | ₹3,100.000 |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min — 2 Lots) | 2 | 28 | ₹29,484 |
| Retail (Max — 13 Lots) | 13 | 182 | ₹191,646 |
| S-HNI (Min — 14 Lots) | 14 | 196 | ₹206,388 |
| S-HNI (Max — 66 Lots) | 66 | 924 | ₹972,972 |
| B-HNI (Min — 67 Lots) | 67 | 938 | ₹987,714 |
| Category | QIB | NII | Retail | Employees | Total | ||||
|---|---|---|---|---|---|---|---|---|---|
| Ex. Anchor | Anchor Investor | Total QIB | Below ₹10L | Above ₹10L | Total NII | ||||
| Allocation (No. of shares) | — | — | — | — | — | 4,368,735 | 10,193,715 | 314,795 | 14,877,245 |
| Allotment price (Rs.) | 1,053 | 1,053 | 1,053 | 1,053 | 1,053 | 1,053 | 1,053 | 1,053 | 1,053 |
| No. of applications | — | — | — | — | — | — | — | — | — |
| No. of shares applied | — | — | — | — | — | — | — | — | — |
| Amount collected (Rs.cr.) | 1,533.43 | — | 1,533.43 | — | — | 460.03 | 1,073.40 | 33.15 | 3,100.01 |
| No. of times subscribed | — | — | — | — | — | — | — | — | — |
| No. of shares allotted | — | — | — | — | — | 4,368,735 | 10,193,715 | 314,795 | 14,877,245 |
| Amount (Rs.cr.) | 1,533.43 | — | 1,533.43 | — | — | 460.03 | 1,073.40 | 33.15 | 1,566.57 |
| No. of allottees | — | — | — | — | — | — | — | — | — |
| Category | Shares Offered | Amt (₹ Cr) | Size (%) |
|---|---|---|---|
| QIB (Ex Anchor) | 14,562,451 | ₹1,533.43 |
49.47%
|
| NII / HNI | 4,368,735 | ₹460.03 |
14.84%
|
| Retail (RII) | 10,193,715 | ₹1,073.40 |
34.63%
|
| Employee | 314,795 | ₹33.15 |
1.07%
|
| Total | 29,439,696 | ₹3,100.00 |
100.00%
|
| Particulars | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue from Operations | 969.35 | 1610.34 | 1425.31 |
| EBITDA | 637.85 | 1015.07 | 741.57 |
| Profit After Tax (PAT) | 19.00 | 19.43 | -37.64 |
| Net Worth | 2598.34 | 2545.44 | 1817.96 |
| Total Assets | 16945.65 | 13279.25 | 9076.55 |
| Reserves & Surplus | Not Available | Not Available | Not Available |
| Total Borrowings | 10121.46 | 7973.70 | 5514.56 |
| EBITDA Margin (%) | Not Available | — | — |
| PAT Margin (%) | Not Available | — | — |
Clean Max Enviro Energy Solutions Ltd proposes to utilize the net proceeds raised through this IPO for the following objects as stated in the Draft Red Herring Prospectus (DRHP) filed with SEBI: