IPO Analysis > Check out The Cleanmax IPO before it Hits The Dalal Street
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Check out The Cleanmax IPO before it Hits The Dalal Street 


India's solar and wind capacity has been growing rapidly from 28 GW in 2024 to 56 GW in 2030. Amidst such ongoing trends, Clean Max Enviro Energy Solutions Pvt Ltd is coming soon with its IPO.


While Axis Capital, J. P. Morgan, IIFL Capital Services, and BNP Paribas are managing the Cleanmax IPO, MUFG Intime India is registering it. Check out the Cleanmax IPO allotment status.


Check out the Cleanmax IPO details in the DRHP filing. 


Note: 50% shares will be unlocked 30 days after allotment, while the rest will be free from lock-in restrictions after 90 days.

Company Profile

Check out all the major details of Cleanmax Enviro Energy Solutions Pvt Ltd given below:

Particulars

Details 

Registered Office

Maharashtra 

Owned Capacity

2.54 GW

Services

EPC and O&M services

Promoters 

Kuldeep Jain, Nidhi Jain, and Pratap Jain, 

Competitors

ReNew Energy and NTPC Green Energy 


Important Details of The Cleanmax Limited IPO

Check this before you bid for the Cleanmax IPO.

  • Cleanmax IPO Date


For the Cleanmax IPO, the DRHP was filed with SEBI on August 16, 2025. However, there are no details given in its DRHP about the IPO dates. 

  • Cleanmax Ltd IPO Size


Particulars

Shares

Aggregate Value (₹ Million)

Fresh Issue 

Undisclosed 

₹15,000 million

Offer for Sale

Undisclosed 

₹37,000 million

Overall Issue 

Undisclosed 

₹52,000 million


  • Cleanmax Energy Solutions IPO: Objectives 

Purpose

Estimated Use of Funds (₹ in million)

Repayment or prepayment of the previous borrowings 

11,250.00

General corporate needs

Undisclosed 

Total

Undisclosed


  • Other Takeaways and Cleanmax share price NSE


Particulars

Description

Face value (₹)

1

Price Range (₹)

Undisclosed 

Lot size (shares)

Undisclosed 

Listed At 

BSE and NSE


  • Investors Categorisation


Investor

Allotment

QIBs

Maximum 50% of the issue

RII

Minimum 35% of the issue

NII

Minimum 15% of the issue


  • Anchor Investor


Particulars

Description

Opening Date

Undisclosed

Terms of Payment  

Full Payment on Bid


Cleanmax Limited: Key Financials


Particulars

2025

2024

2023

Equity Share Capital (₹ in million)

50.72

43.99

36.27

Other Equity (₹ in million)

25,584.08

18,290.69

12,071.16

Non-controlling Interests (₹ in million)

6,412.93

4,005.11

2,580.13

Total Equity (₹ in million)

32,047.73

22,339.79

14,687.56

Revenue from Operations (₹ in million)

14,957.01

13,898.37

9,295.82

Total Income (₹ in million)

16,103.42

14,253.09

9,609.79

Restated Profit/(Loss) for the Year

194.29

-376.43

-594.73

Restated Earnings per Equity Share – Basic (₹)

2.88

-3.94

-9.01

Restated Earnings per Equity Share – Diluted (₹)

2.79

-3.94

-9.01

Return on Net Worth (%)

1.09

-1.70

-5.39

NAV (₹)

250.93

206.62

166.80

Total Borrowings (₹ in million)

79,736.98

55,145.64

38,434.15

Strengths and risks

Here are the important risks and strengths of Cleanmax Ltd: 

Strengths


  • Renewable power sources: The company runs solar, wind, and hybrid energy projects. It helps supply even when the weather changes.

  • Full-service energy partner: It handles project design, setup, and maintenance. Clients can depend on one team for everything from start to finish.

  • Trusted by top companies: The company works with both tech giants and big industrial players.

  • Smart project handling: They are known for completing projects on time and managing costs carefully.


Risks

  • Weather impact: Since solar and wind power depend on nature, cloudy days or low wind can reduce energy production.

  • Changing government policies: Rules in the renewable sector can change. New taxes or policy changes might impact future growth or profits.

  • Extreme competition: Many new companies are entering the renewable energy market.

Should You Apply for the Cleanmax Energy IPO?


The Cleanmax IPO GMP is not available as of 27 October 2025. You can see the live GMP updates and subscription status for better decision-making. Also, don’t miss out on the Cleanmax DRHP for more details on the IPO before you click on Apply Now

FAQs

1. How is the Cleanmax IPO review?

Cleanmax Limited is a renewable energy provider. However, the IPO date and price are still unknown. Also, the total size of the IPO is ₹5,200.00 crore. For the latest updates, you can also look for the GMP updates and check the DRHP. 

2. What is the Cleanmax IPO date?

The IPO open and close dates of Cleanmax IPO are unavailable as of 27 October 2025. Live subscription details can be monitored through FinnPick.

3. What is the Cleanmax Energy share price? 

The Cleanmax unlisted share price is not out as of 27 October 2025. Also, don't forget to check the company profile. 

4. Should I use a demat account to bid for the Cleanmax Limited IPO?

Yes, a demat account is required to bid for the Cleanmax Limited IPO. Click here to get the ultimate list of the top demat account providers.
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