Clean Max Enviro Energy Solutions IPO: GMP, Price, Important dates and more...
- Gabriela Galeena
- 1 day ago
- 2 min read
Updated: 16 hours ago
The company has set a price band of ₹1000 to ₹1053 per equity share, with a lot size of 14 shares, translating to a minimum investment of ₹14,742 for retail investors.
IPO Snapshots
Detail | Value |
Total Issue Size | ₹3,100 Cr |
Fresh Issue | ₹1,200 Cr |
Offer for Sale | ₹1,900 Cr |
Face Value | ₹1 |
Price Band | ₹1000 to ₹1053 |
Lot Size | 14 |
Minimum Investment | ₹14,742 |
Listing | BSE, NSE |
Opens | 23 February 2026 |
Closes | 25 February 2026 |
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, with 2.54 GW of operational, owned, and managed capacity and an additional 2.53 GW of contracted capacity under execution as of July 31, 2025. The company supplies renewable power, energy services, and carbon credit solutions to a diversified customer base that includes technology companies and conventional C&I clients, supported by expertise across energy contracting, engineering, procurement, and construction (EPC), and long-term operation and maintenance (O&M) of solar, wind, and hybrid renewable energy projects. It operates through renewable energy power sales under long-term PPAs and EAPAs, as well as a renewable energy services segment offering turnkey project development, land and evacuation infrastructure, EPC, lifetime O&M, and carbon services, backed by strong project execution capabilities, efficient capital allocation, and disciplined risk management.
Financial Performance
Period Ended | Revenue from Operations (₹ Cr) | Profit After Tax (₹ Cr) |
FY 2025 | 1,495.7 | 19.43 |
FY 2024 | 1,389.84 | -37.64 |
FY 2023 | 929.6 | -59.47 |
GMP (Grey Market Premium)
Currently, the Grey Market Premium (GMP) of Clean Max Enviro Energy Solutions IPO is ₹3, hinting at a potential listing price of ₹1056 (cap price + latest GMP). This implies an expected gain/ loss of 0.28% per share at listing.
Peer Comparison
Company | CMP (₹) | Market Cap (₹Cr) | P/E | Sales (₹ Cr) | OPM % | NP(12 M) |
ACME Solar Holdings Ltd | 232 | 14,035 | 28 | 1,962 | 88.6 | 482 |
NTPC Green Energy Ltd | 90.3 | 76,081 | 136 | 2,568 | 86.8 | 557 |
Adani Green Energy Limited | 968 | 1,59,488 | 96.7 | 12,499 | 82.2 | 1,856 |
Use of Proceeds
The company proposes to utilise ₹1,122.67 crore from the net proceeds primarily towards the repayment and or prepayment, in part or full, of certain outstanding borrowings of the company and its subsidiaries. The remaining funds will be allocated for general corporate purposes to support operational and strategic requirements.
Disclaimer: This content is for educational purposes only; please conduct personal research and consult a qualified investment advisor before making any investment decisions.
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