Clean Max Enviro Energy IPO opens for subscription on February 23, 2026, and closes on February 25, 2026, with a total issue size of ₹3,100 crore comprising ₹1,200 crore fresh issue and ₹1,900 crore offer for sale, priced at ₹1,000 – ₹1,053 per share for listing on BSE and NSE. Founded in 2010, Clean Max Enviro Energy IPO focuses on data centers, AI firms, and industrials pursuing net-zero, with proceeds strengthening balance sheet for greenfield expansions and storage initiatives amid 500 GW RE targets.
₹00
₹1053
₹
Expert Opinions
Market sentiment for Clean Max Enviro Energy IPO shows measured enthusiasm among renewable investors, balancing C&I solar tailwinds against recent sector volatility and elevated valuations. Company strengths include India’s largest 2.54 GW rooftop portfolio serving 531 Fortune 500 clients, 2.53 GW contracted pipeline yielding 99.9% collection efficiency, 15-25 year PPAs de-risking cash flows, and hybrid wind-solar expertise for data centers.
Risks encompass 1.97x Debt/Equity leverage amplifying interest costs, execution delays in greenfield projects, module price fluctuations post-PLI normalization, and competition from Adani/NTPC scale. Valuation analysis for Clean Max Enviro Energy IPO and year 2025 reveals Return on Equity (ROE) of 1.27% alongside Net Asset Value (NAV) of ₹250.93, trading at 3.01x post-issue P/BV with 15x EV/EBITDA discount to peers. Long-term investment perspective supports 25%+ EBITDA growth as AI-driven power demand accelerates corporate RE procurement to 50 GW annually.
Investor Considerations
Clean Max Enviro Energy IPO highlights resilient company performance and fundamentals in FY 2025, with revenue rising 7.65% to ₹1,495.70 crore annualized, PAT turning positive at ₹19.43 crore from losses, and EBITDA surging 36.88% to ₹1,015.07 crore on 2.54 GW capacity commissioning. C&I renewable sector outlook projects 30% CAGR driven by data center power surge, net-zero mandates, and rooftop solar PLI incentives.
IPO Valuation of Financial Year 2025 for Clean Max Enviro Energy IPO and year shows Price to Book Value of 4.20 and Debt/Equity of 1.97, reflecting growth premium despite leverage. Growth prospects encompass 2.53 GW pipeline execution and 1 GW greenfield additions targeting 25% annual capacity expansion. Risk factors include geographic concentration risks, PPA renegotiation pressures, execution delays, and interest rate sensitivity on ₹7,974 crore debt. Short-term investment goals weather RE sector volatility, while long-term horizons capture 500 GW decarbonization compounding.
| Date | GMP | Trend |
|---|---|---|
| 27 Feb 2026 19.25 | ₹00 | --- |
| 26 Feb 2026 19.47 | ₹00 | --- |
| 25 Feb 2026 19.29 | ₹00 | --- |
| 24 Feb 2026 19.55 | ₹00 | Down |
| 23 Feb 2026 19.17 | ₹2 | Down |
| 22 Feb 2026 10.15 | ₹4 | Up |
| 21 Feb 2026 20.48 | ₹3 | --- |
| 20 Feb 2026 19.15 | ₹3 | Down |
| 19 Feb 2026 20.15 | ₹6 | --- |
FAQs
Clean Max Enviro Energy IPO Current GMP is ₹00.
Clean Max Enviro Energy IPO Expected Returns is 0.00%.
Clean Max Enviro Energy IPO estimated listing price is ₹1053.