Clean Max Enviro Energy
MAINBOARD
Listed
Price Band
₹1,000 - ₹1,053
Lot Size
14 Shares
Issue Size
₹1,200.00 Cr
Fresh Issue
₹840.00 Cr
OFS
₹360.00 Cr
Registrar
MUFG Intime India Private Limited
AI Sentiment Score
Listing Price
₹960.00
vs Issue: ₹1,053 (-8.83%)
📅 IPO Timeline
✓
Open
Feb 23, 2026
✓
Close
Feb 25, 2026
✓
Allotment
Feb 26, 2026
✓
Refund
Feb 27, 2026
✓
Demat
Feb 27, 2026
✓
Listing
Mar 2, 2026
📈 Grey Market Premium (GMP) Trendline
Daily consensus GMP movement (₹) recorded across market sources
✨ AI Analysis & Prediction
🔒 Final Reconciled Estimate
Locked post-listing with actual debut performance
Clean Max Enviro Energy displays an established operational footprint with expanding revenue streams (27.2% CAGR) and a defensible value proposition.
💪 Strengths
- Demonstrated operational revenue trajectory with resilient top-line growth (27.2% CAGR).
- Established customer relationships and market position across target industry sectors.
- Sound operational capital returns with Return on Capital Employed (ROCE) at 6.16%.
⚠️ Weaknesses
- Exposure to input cost fluctuations and broader macroeconomic supply chain cycles.
- Working capital requirements to support continuous capacity expansion.
- Competitive landscape from both established incumbents and specialized regional players.
🚀 Opportunities
- Industry tailwinds from rising domestic capex and infrastructure spending.
- Operating leverage potential allowing margin expansion as manufacturing utilization rises.
- Geographic diversification and entry into higher-margin specialized product lines.
🛡️ Threats
- Sectoral regulatory shifts and evolving statutory compliance requirements.
- Aggressive pricing actions by domestic competitors impacting gross margins.
- Broader market equity volatility and liquidity fluctuations.
📊 Financial Overview & Growth Trajectory
Multi-year operational scale & net profitability trajectory
| Metric | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue (₹ Cr) | Rs 930.00 Cr | Rs 1,390.00 Cr | Rs 1,496.00 Cr | Rs 1,913.00 Cr |
| Net Profit / PAT (₹ Cr) | Rs -59.00 Cr | Rs -38.00 Cr | Rs 19.00 Cr | Rs 86.00 Cr |
| EBITDA / Op. Profit (₹ Cr) | Rs 375.00 Cr | Rs 706.00 Cr | Rs 901.00 Cr | Rs 1,132.00 Cr |
| Borrowings (₹ Cr) | Rs 3,971.00 Cr | Rs 5,570.00 Cr | Rs 8,087.00 Cr | Rs 12,684.00 Cr |
| Total Assets (₹ Cr) | Rs 6,873.00 Cr | Rs 8,869.00 Cr | Rs 13,025.00 Cr | Rs 22,555.00 Cr |
| ROE % | 0.00% | 0.00% | 0.00% | 0.00% |
| ROCE % | 6.16% | 6.16% | 6.16% | 6.16% |
| Debt / Equity | 0.00 | 0.00 | 0.00 | 0.00 |
Company P/E
104.0x
Industry P/E
119.6x
Debt/Equity
2.73
⚖️ Valuation Benchmark Range
🟢 Attractively Priced vs Industry Peers
Industry 119.6x
IPO 104.0x
0x (Deep Value)
161x (High Multiple)
📋 Live Subscription Status
QIB
2.83x
NII
0.77x
Retail
0.06x
Total
0.94x
🎯 Retail Allotment Probability
100% Odds
100% (Guaranteed 1 lot for all valid applications)
SEBI Rule: Under SEBI lottery allotment rules, applying for multiple lots under Retail does NOT increase your lottery odds. All valid retail applicants have identical 1-lot odds per PAN.
Updated: Sep 12, 2026 2:32 PM
💼 Issue Structure & Reservation Quota
Capital Structure
₹1,200.0 Cr
Issue Size
Fresh (70%)
OFS (30%)
Reservation Quota
100%
Allocation
QIB (50%)
NII (15%)
Retail (35%)
QIB
50.00%
Retail
35.00%
NII
15.00%
🔗 Important Links & Lead Managers
- SEBI Filings (DRHP)View on SEBI →
- SEBI Filings (RHP)View on SEBI →
Disclaimer: The information provided on this page is for educational and informational purposes only and does not constitute financial advice. IPO investments are subject to market risks. AI-generated analysis is based on publicly available data and may not be accurate. Grey Market Premium (GMP) is unofficial and highly speculative. Always consult a qualified financial advisor and read the DRHP/RHP carefully before making investment decisions.