Renewable Energy Sector Company Clean Max Environment wants to bring an IPO of Rs 5200 crore. For this, the company has submitted draft papers with the capital market regulator SEBI. The IPO will have new equity shares worth Rs 1500 crore. Also, the offer of Rs 3700 crore will be offered for SAIL (OSS) from the promoters and existing shareholders of the company. The company also has the money of the US -based analytical partners.
Kuldeep Jain, promoter of Clean Max Environment Solutions, BGTF One Holdings (DIFC) and Kampink will sell shares worth Rs 2517.8 crore to LLP, OFS. Investor Augment India Holdings LLC and DSDG Holding APS will keep shares worth Rs 1182.2 crore for sale.
300 crores can be raised in pre-IPO round
Clean Max Environment claims to be India’s largest commercial and industrial renewable energy provider. The company can consider raising funds up to Rs 300 crore in the pre-IPO round. If this happens, the size of the issue of new shares in the IPO will be reduced. Promoters hold 74.89 percent stake in Clean Max Environment. The remaining 25.11 percent stake with public shareholders. The company is the largest shareholder with a 19.96 percent stake in the company after India I holdings promoter entity.
How to use IPO money
Clean Max specializes in providing environment, net zero and dekbonization solutions. These include supply of renewable energy, providing energy services and carbon credit solutions to customers of various sectors. Out of the money received by releasing new shares in the IPO, Rs 1125 crore will be used to reduce the debt. The rest of the money will be for normal corporate purposes. By March 2025, the company had a loan of Rs 8078.2 crore.
Financial status of Clean Max Enviro Energy
Listed Competitors of Clean Max Environment Solutions include Listed companies such as ACME Solar Holdings, NTPC Green Energy and Adani Green Energy. The company made a net profit of Rs 19.4 crore in FY 2025. There was a loss of Rs 37.6 crore a year ago. Revenue increased by 7.6 percent to Rs 1495.7 crore from the operations.
For IPO, Axis Capital, JP Morgan India, BNP Pariba, HSBC Securities and Capital Markets (India), IIFL Capital Services, Nomura Financial Advisory and Securities (India), BOB Capital Markets and SBI Capital Markets, Merchant Bankers.