Clean Max Enviro Energy IPO: Founder Highlights Strong Fundamentals Amid Tariff Declines

Clean Max Enviro Energy Solutions, a leading renewable energy provider specializing in net-zero and decarbonisation solutions, is preparing for its ₹3,100 crore initial public offering (IPO). The issue, priced between ₹1,000–1,053 per share, will open for subscription on February 23, 2026, valuing the company at over ₹12,000 crore.

Founder and Managing Director Kuldeep Jain highlighted that despite falling renewable energy tariffs, Clean Max’s robust unit economics, reduced debt levels, and sustained profitability ensure strong returns for investors. He noted that the company’s low client concentration risk and consistent cash PAT and ROE performance further strengthen its growth outlook.

Key Highlights

• IPO Size: ₹3,100 crore (₹1,200 crore fresh issue + ₹1,900 crore offer-for-sale)
• Price Band: ₹1,000–1,053 per share
• Use of Proceeds: 75% allocated to debt repayment, remainder for corporate needs
• Founder’s View: Falling tariffs won’t affect returns due to strong unit economics
• Valuation: Over ₹12,000 crore at upper price band
• Market Position: Focused on commercial & industrial renewable energy solutions

This IPO reflects Clean Max’s ambition to scale operations, strengthen its balance sheet, and capitalize on India’s growing renewable energy demand.

Sources: Economic Times, Financial Express, ETEnergyworld