Clean Max Enviro Energy Solutions IPO

Clean Max Enviro Energy Solutions is India’s largest commercial and industrial (C&I) renewable energy provider. It provides decarbonization and net zero solutions by offering renewable power, energy services, and carbon credits to clients across various industries. As of March 31, 2025, it has served over 531 clients from the technology, manufacturing, data centre, and real estate sectors, with an operational and contracted capacity of 2.54 GW and 2.53 GW, respectively, as of July 2025.

Clean Max is an early mover in India’s C&I renewable energy sector, shaping industry standards and models. The company held a 12% market share of open access renewables in FY24, with a major presence in Gujarat and Karnataka. It delivers turnkey decarbonization solutions, from project development to O&M and carbon credits, committed to being a trusted Net Zero partner.

The upcoming IPO features a book build issue aggregating up to ₹5,200 crore, including a fresh issue of ₹1,500 crore and an offer-for-sale (OFS) of ₹3,700 crore. SEBI approval was received on October 30, 2025, with shares to be listed on NSE and BSE, and final terms expected soon, offering investors exposure to India’s renewable sector leadership.