Clean Max Enviro Energy Solutions IPO

The Clean Max Enviro Energy Solutions IPO is a book-built issue of Rs 3,100 crore, comprising a fresh issue of 1.14 crore shares worth Rs 1,200 crore and an offer for sale of 1.80 crore shares worth Rs 1,900 crore, opening for subscription from Feb 23 to Feb 25, 2026, with allotment expected on Feb 26 and a tentative listing on BSE and NSE on Mar 2, 2026. The IPO’s price band is Rs 1,000 to Rs 1,053 per share, with a lot size of 14 shares, requiring a minimum retail investment of Rs 14,742, while sNII investors must apply for 14 lots (196 shares) amounting to Rs 2,06,388, and bNII investors for 68 lots (952 shares) amounting to Rs 10,02,456. Axis Capital Ltd. is the lead manager, and MUFG Intime India Pvt. Ltd. is the registrar for the issue.

Clean Max Enviro Energy Solutions IPO Details

Check out the issue details for Clean Max Enviro Energy Solutions IPO as disclosed in SEBI.

Price Band

₹ 1000 - 1053

Issue Size

3,100.00 Cr.

Issue Type

Book Built

Open

2026-02-23

Close

2026-02-25

Company Financials

You can get the following financial statements of Clean Max Enviro Energy Solutions as of now.

Clean Max Enviro Energy Solutions IPO Details

The details about the Clean Max Enviro Energy Solutions IPO are as follows:

  • The issue size of the IPO is Rs 3,100.00 Cr.
  • The price band for Clean Max Enviro Energy Solutions IPO is Rs 1000 to Rs 1053.
  • The shares of Clean Max Enviro Energy Solutions IPO will list on BSE and NSE.
  • The latest tentative GMP of Clean Max Enviro Energy Solutions IPO is Rs .
  • The shares of Clean Max Enviro Energy Solutions IPO are subscribed _ Times.

 

Clean Max Enviro Energy Solutions IPO Valuation

The approximate valuation of Clean Max Enviro Energy Solutions IPO based on its price band and RHP is:

Particulars Value
Upper Price Band Rs 1053
Existing Shares (Qty) 10.56 Cr
Fresh Issue Rs 1,200.00 Cr
Market Cap Rs 12319.68 Cr
EPS (FY25) Rs 2.88
PE Ratio 365.62x
Industry PE 86.59x

 

Clean Max Enviro Energy Solutions IPO Issue Size

Clean Max Enviro Energy Solutions IPO issue size is Rs 3,100.00 Cr.

Issue Amount
Fresh Issue Rs 1,200.00 Cr
Offer For Sale Rs 1,900.00 Cr

 

Clean Max Enviro Energy Solutions IPO Market Lot

An individual can apply for a minimum of 1 lot of 14 shares and a maximum of 13 lots (182 shares). Find the details below:

Application Lot Shares Amount
Retail Minimum 1 14 Rs 14,742
Retail Maximum 13 182 Rs 1,91,646

 

Clean Max Enviro Energy Solutions IPO Share Offer

The shares of Clean Max Enviro Energy Solutions IPO are subscribed _ Times. The category-wise shares offered are as follows:

Category % Offered
Qualified Institutional Not more than 50%
Non-Institutional Not less than 15%
Retail Individual Not less than 35%

 

Clean Max Enviro Energy Solutions IPO GMP (Grey Market Premium)

As on GMP (Tentative)
23 February 2026 Rs

Clean Max Enviro Energy Solutions IPO GMP is purely for informational purposes. Invest in an IPO after thoroughly researching on your own.

Clean Max Enviro Energy Solutions IPO Dates

Find below the dates for Clean Max Enviro Energy Solutions IPO

Schedule Date
Basis of Allotment 26 Feb 2026
Refunds 26 Feb 2026
Credit to Demat Account 27 Feb 2026
IPO Listing Date 02 Mar 2026

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2023 Mar 2024 Mar 2025
Net Sales 2776.02 2106.38 2270.36
Total Expenditure 2423.55 1654.56 1840.53
Operating Profit 352.47 451.83 429.83
Other Income 67.67 132.75 189.7
Interest 103.31 155.18 191.78
Depreciation 18.48 29.5 38.59
Exceptional Items -89.19 -10.77 0
Profit Before Tax 209.15 389.14 389.16
Provision for Tax 77.17 106.73 91.03
Net Profit 131.98 282.41 298.13
Adjusted EPS (Rs.) 1.82 3.21 2.94

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2023 Mar 2024 Mar 2025
Equity and Liabilities
Share Capital 3.63 4.4 5.07
Total Reserves 1550.24 2473.81 3394.49
Borrowings 811.77 1079.12 1399.42
Other N/C liabilities 76.58 128.36 193.47
Current liabilities 1606.58 1243.8 2307.47
Total Liabilities 4048.8 4929.49 7299.92
Assets
Net Block 334.71 707.35 852.47
Capital WIP 359.33 85.93 226.2
Intangible WIP 0.49 2.18 0.5
Investments 1506.86 2041.13 2945.84
Loans & Advances 700.29 869.59 1242.87
Other N/C Assets 72.53 82.7 111.41
Current Assets 1074.59 1140.63 1920.63
Total Assets 4048.8 4929.49 7299.92
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2023 Mar 2024 Mar 2025
Profit from operations 298.34 399.91 389.16
Adjustment 79.59 88.69 92.41
Changes in Assets & Liabilities 579.28 -337.2 667.96
Tax Paid -10.11 -92.94 -66.53
Operating Cash Flow 947.1 58.45 1083
Investing Cash Flow -1552.76 -707.16 -1676.66
Financing Cash Flow 596.96 635.93 779.02
Net Cash Flow -8.71 -12.78 185.36
X