Investors can bid for a minimum of 14 shares and in multiples thereafter. In the higher price range, the minimum investment for retail investors is Rs 14,742. A maximum of 50% of the issue is reserved for qualified institutional buyers, a minimum of 35% for retail investors and a minimum of 15% for non-institutional investors.
According to a CRISIL report, CleanMax is the largest commercial and industrial supplier of renewable energy in India as of March 31, 2025. As of July 2025, the company had 2.54 GW of operational, owned and managed capacity and a further 2.53 GW of contracted capacity in progress.
The company supplies renewable energy through long-term power purchase agreements and energy asset purchase agreements. It also offers EPC services and operation and maintenance solutions for solar, wind and hybrid installations, along with carbon credit services. The customer base consists of technology companies, data centers and traditional industrial and manufacturing companies.
For FY25, CleanMax reported total income of Rs 1,610 crore and profit after tax of Rs 19 crore. EBITDA rose to Rs 1,015 crore from Rs 742 crore in FY24, driven by improved operational performance. Total loans stood at Rs 7,974 crore as of March 2025.
Of the proceeds from the fresh issue, Rs 1,123 crore will be used to repay or prepay outstanding loans of the company and certain subsidiaries, while the rest will be allocated for general corporate purposes. The modest premium on the gray market suggests that while the renewable energy theme remains structurally attractive, expectations for stock market gains in the short term are muted. Investors’ focus will now shift to subscription trends across institutional, retail and non-institutional segments during the three-day bidding period.
#CleanMax #Enviro #IPO #opens #registration #Monday #GMP