Clean Max Enviro is the India’s largest commercial and industrial (“C&I”) renewable energy provider.  The Company has 2.54 GW of operational, owned, and managed capacity and an additional 2.53 GW of contracted capacity under execution. It supplies renewable power, providing energy services, and offering carbon credit solutions. We cater to a wide range of customers, including Technology customers and conventional C&I customers.

The company’s expertise covers Energy contracting, Engineering, procurement, and construction (EPC), and Operation and maintenance (O&M) of renewable energy plants (solar, wind, and hybrid).

Business Segment;

• Renewable Energy Power Sales Segment: Sell renewable energy to customers through long-term Power Purchase Agreements (“PPAs”) and Energy Attribute Purchase Agreements (“EAPAs”). T
• Renewable Energy Services Segment: Turnkey development services, including land, evacuation infrastructure, EPC services, power evacuation and O&M services for the project lifetime and Carbon Services offering.

For the year/period ended (Rs. in Cr.)

For year/ period ended ( in Cr.)

*Market cap @upper band

• Comprehensive Suite of Customer-Centric Capabilities Leading to C&I Market Leadership and Strong Customer Relationships;
• Timely and Cost-Effective Project Development, Execution and Management Capabilities;
• Efficient capital allocation and risk management; and
• Its Leadership team and Culture of the company.

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects.

• Repayment and/or pre-payment, in part or full, of all or certain outstanding borrowings of the Company and/or certain of the Subsidiaries.
• General Corporate Purpose.

At the upper band of IPO Rs. 1053, the stock is aggressively valued at 365.6 times P/E multiple. Hence, well-informed investors subscribe for medium to long term perspective.