Clean Max Enviro Energy Solutions files DRHP for IPO

Clean Max Enviro Energy Solutions has filed its Draft Red Herring Prospectus (DRHP) with Securities and Exchange Board of India (SEBI) today. Clean Max Enviro is a  company in the renewable energy sector and plans to raise ₹5,200 crore through the IPO. The offer includes fresh issue of ₹1,500 crore and an offer-for-sale of ₹3,700 crore. The offer also includes a reservation for the company’s eligible employees, who will get a discount during the IPO.

The IPO offer will see many key stakeholders sell their shares. BGTF One Holdings will sell shares worth up to ₹1,970.83 crore, while Kuldeep Pratap Jain will sell shares worth ₹321.37 crore. Other selling stakeholders include DSDG Holdings APS, LLC, Augment India l holdings and KEMPINC LLP.

Clean Max Enviro will use ₹1,125 crore from the fresh issue for pre-paying or repaying debt along with general corporate purposes.

Clean Max Enviro has shown good financial performance. Its revenue from operations increased by 12.98% from ₹1,425.31 crore in FY24 to ₹1,610.34 crore in FY25. In FY25, the company posted a profit after tax (PAT) of ₹27.84 crore.

Furthermore, the company has a significant operational capacity and growth pipeline as of July 2025. It has 2.54 gigawatt of operational capacity with 2.53 gigawatt of contracted capacity. Its advanced-stage and under-development projects amount to 5.07 gigawatt. The company also provides decarbonisation and net zero solutions to industrial and commercial clients.

Clean Max Enviro has 12% market share in open access renewable energy capacity additions for C&I sectors in India. The company has a significant presence in Indian states such as Karnataka, Tamil Nadu, and Maharashtra. It provides its services in 21 Indian states and also serves international clients in Bahrain, Thailand, and UAE.

Disclaimer : This content is only for informational purpose. It does not make any recommendation to act or invest.