On listing day, our MD Kuldeep Jain took the stage and thanked every person who made this possible. Bahut bahut bahut dhanyawad to everyone who's been part of this journey. ✨ Here's to the many milestones still ahead. #CleanMaxIPO #CleanEnergy #BellRingsForNetZero

Weak D-Street Debut Kuldeep Jain, Founder & MD of Clean Max Enviro Energy Solutions - We add 1,500 MW of solar & wind capacity every year - We can double EBITDA in next 3 years - We will add 3,000 MW in next 3 years @vinnii_motiwala @Nigel__Dsouza #cleanmaxipo #ipo #cleanmax #CNBCTV18Market #CNBCTV18News WATCH: youtu.be/Z6vCQ8cyHkw

QIB book at 1.2x. Long-term contracts. Global tech clients. Not saying anything… just noting what institutions seem to be noticing. Last day today. 👀⚡ #CleanMaxIPO

We talk a lot about AI and digital infra. But someone has to supply the clean megawatts behind it. CleanMax’s IPO closes today. Worth a look if you believe in India's energy transition. #CleanMaxIPO

Brief Coverage On Clean Max Enviro Energy Solutions IPO Long Term Investors May Consider I am most likely not Applying - It is India's Largest Commerical & Industrial (C&I) Renewable Energy Services Provider with 2.8 GW Operational Capacity and 3.2 GW Contracted (yet to get Executed) Capacity - Company provides decarbonization solutions as well as EPC and O&M Services. About 80% Revenue coming from Power Sales and about 22% from EPC Services. Revenue contribution from PPAs have jumped significantly in last few years and hence Margins have jumped also - Company Signs long term PPAs (Avg 23 Years) with private sector companies only, This is the Biggest Distinction of Clean Max that it is not at all get any Revenue from Discoms or PSUs Clientele includes Amazon, Apple, Google, Cisco on Tech Side (About 45% Revenue) And Bajaj Auto, Concord Bio, Apar Industries on C&I side (55% Revenue) - Company will repay about ₹1,125 Cr of Debt from IPO Proceeds and ₹1,900 Cr is OFS - Financials are Decently Good. Balance Sheet is obviously Debt Heavy given the nature of the Business but TRs are in very much control due to no dependency on Government Sector which is a Good Plus Point. Cashflows are Very Healthy - Clean Max is coming at about 18x FY25 EV EBITDA and about 8-9x FY27E EV EBITDA which is at par with Acme Solar and much cheaper than peers like Adani Green and NTPC Green There is definitely come Good Upside Expected in next 1-1.5 Years. Market should definitely value it 20-30% Higher than Acme in Mid-Long Term - Anchor book was Good, Management is Good and Demand is Negligible - There are Certain Risks like Approval Risks, Debt Heaviness nature of Business and Execution Risks ▫️ Conclusion I Liked the Company but I doubt about its Performance in Short Term The Company can become a big Power Proxy for upcoming Data Centre and AI related Wave in India, Let's see How Market Values it going forward I am for now Skipping, Will Track it for each coming Quarter to take further decision (Note: Post is Shared For Educational Purposes Only, DYDD before taking any decision) #CleanMaxIPO

Clean Max Enviro Energy Solutions IPO – Apply or Avoid? India’s largest C&I renewable energy provider is coming with its IPO! 🌱⚡ With strong long-term contracts signed with global and domestic giants like Google, Amazon, Apple, Cisco, UltraTech, UPL, Exide, Cipla and more — this renewable energy player is positioning itself as a major growth story in India’s green energy revolution. 📌 Key Highlights: ✔️ Total Issue Size: ₹3,100 Cr ✔️ Fresh Issue Offer for Sale ✔️ EV/EBITDA: 17.49x ✔️ Strong corporate client base ✔️ Renewable energy focus (Solar & Wind) #CleanMaxIPO #IPOReview #UpcomingIPO #StockMarketIndia #RenewableEnergy

Mint highlights brokerage calls recommending “Subscribe for Long Term.” With ₹12,325 Cr implied value at the upper band and solid anchor participation, #CleanMaxIPO looks more like a serious infra play than a quick trade. If that’s your play, then you want to subscribe to this.

#CleanMaxIPO price band ₹1,000–1,053. Implied valuation ~₹12,325 Cr at upper band. Strong revenue growth, improving profitability, and a long-term renewable play. Not hype. It's just numbers lining up. CleanMax IPO is open till Feb 25, don’t miss out. #CleanMaxEnviro

#CleanMaxIPO opens Feb 23–25 at ₹1,000–1,053. Already raised ₹921 Cr from big anchor names like #Temasek, #SBILife, #HDFCMF & #ADIA before public bidding even started. That kind of backing matters. This one’s open to subscription, especially for the long term investors.

Clean Max IPO: The Green Giant for Big Biz! India's largest "green energy" partner for big brands like Google and Amazon is going public. ⚡ Pure Corporate Power: They don't wait for govt tenders. They sell green energy directly to 550 giant companies. 💰 Higher Profits: Because they deal with private firms, they charge better rates than most utility companies. 📈 Turnaround Story: After years of building, they’ve officially turned profitable and are growing fast! 📉 Debt Killer: Using ₹1,200 Cr from the IPO to slash debt, making the balance sheet cleaner than their energy! 🤝 Loyal Clients: 72% of their business comes from repeat customers with contracts lasting 22 years. 🚀 Data Center Boom: As AI and Data Centers explode in India, Clean Max is perfectly placed to provide the 24/7 green power they crave. Ready to go green? 🌱 #CleanMaxIPO #RenewableEnergy #StockMarketIndia #GreenEnergy #IPOAlert #Investing #SolarPower #ESG

youtu.be/zNhvOeAPfUM?si=5LE1… Clean Max Enviro Energy is launching a ₹3,100 Cr Mainboard IPO — India’s largest commercial & industrial renewable energy player. 🌱⚡ Key Details • Price Band: ₹1,000 – ₹1,053 • Issue Size: ₹3,100 Cr (Fresh ₹1,200 Cr OFS ₹1,900 Cr) • Bidding: 23–25 Feb 2026 • Listing: 2 Mar 2026 (BSE & NSE) • Lead Managers: JP Morgan, Nomura, Axis Capital others The Good ✅ • No. 1 C&I renewable energy company (CRISIL) • 5 GW total capacity (owned pipeline) • 531 customers | 1,127 PPAs across India, UAE & Thailand • Revenue growth: ₹961 Cr → ₹1,610 Cr The Concerns ⚠️ • Turned profitable only in FY25 (PAT: ₹19 Cr) • P/E: 377x — costliest among peers • Debt over ₹10,000 Cr (D/E ~2.5x) • Large ₹1,900 Cr OFS = significant promoter selling 🌿 Green energy story is strong — but at 377x P/E, is it priced for perfection? 📌 Not investment advice. Do your own research. #CleanMax #CleanMaxIPO #IPO2026 #MainboardIPO #RenewableEnergy #GreenEnergy #ESG #StockMarketIndia #NSE #BSE #Investing #CleanMaxIPO

CleanMax Enviro Opens for subscription on Monday 23rd Feb and I looked at some research reports #CleanMaxIPO CleanMax key customer cohorts consist of players from data centres, AI combinedly called Technology customers (43.5% of operational & contracted capacity as on 31 Oct 2025) and Conventional C&I customers spanning across a range of sectors with ~95% of customers have credit rating of “A-” or above Cash ROE of 34.93% in FY25 reflects the company’s strong unit-level profitability and disciplined capital deployment Aditya Birla money recommends Subscribe for Long Term Sometimes the IPO story is actually in the spread. ~10x lower EV/EBITDA vs peer average, but materially higher growth and better return metrics. CleanMax vs the industry median is an interesting comparison. India listed renewables trade ~27x on average and CleanMax is at ~17x with stronger EBITDA growth, the valuation conversation becomes quite simple and clear. The strong Anchor Book with 68% domestic investors like SBI Life, HDFC MF, Tata Investment Corp, Union MF, Franklin Templeton MF, Trust MF, SBI General is reflective of this fair valuation.

#Watch | CleanMax Enviro Energy Solutions is set to hit the markets with a ₹3,100 crore IPO — and Founder & Managing Director Kuldeep Jain breaks down the company’s growth story, profitability, and future roadmap. ▶️👉🏻: youtu.be/t56RUqzMxRM The Mumbai-based renewable energy platform, backed by Brookfield Corporation, has fixed a price band of ₹1,000–₹1,053 per share, valuing the company at over ₹12,300 crore at the upper end. The IPO opens on February 23 and closes on February 25. Watch the full video on our YouTube channel to understand the company’s strategy, margins, competitive positioning, and why CleanMax believes it is well poised for the next phase of growth. #CleanMaxIPO #RenewableEnergy #GreenEnergy #FortuneIndia @CleanMax_Ofc @chit_ranjan

Anchor Book 📖 Clean Max Enviro Energy Solutions Ltd IPO Decent to Good Anchors A total of 41 Names are present and size is around ₹921 Cr Investors Present: ▪︎ Zulia Investments (Temasek) ▪︎ SBI Life Insurance Co ▪︎ HDFC MF ▪︎ Nomura Fund ▪︎ Eatspring ▪︎ 360 ONE Fund ▪︎ Franklin India Fund ▪︎ Pioneer Investment Fund (Victory Capital) ▪︎ PGIM India Fund ▪︎ India First Life Insurance Co ▪︎ Panvira India Fund ▪︎ Abu Dhabi Investment Authority ▪︎ Canara HSBC Life Insurance Co ▪︎ Malabar India Fund ▪︎ SBI General Insurance ▪︎ Baroda BNP Paribas Fund ▪︎ Union Fund ▪︎ Trust MF ▪︎ Chanakya Wealth Fund ▪︎ Susquehanna Pacific (Sydney) ▪︎ Tata Investment Corp Ltd ▪︎ Bharti Axa Life Insurance Co ▪︎ Moon Capital Trading ▪︎ Viridian Asia Fund ▪︎ Societe Generale ODI ▪︎ Mercury Fund ▪︎ Citigroup Global ▪︎ Ashika India Fund 21.7% of Total Allocation taken by 6 Domestic MFs #CleanMaxIPO

IPO GMP Update — Latest (3:30 PM 20/02/26) LIVE & UPCOMING IPOs — Grey Market Premium (GMP) Gaudium IVF & Women Health IPO Dates: 20 – 24 Feb Price: ₹79 GMP: ₹9 (11.39%) Subscription: 0.44x (Day 1) Clean Max Enviro Energy Solutions IPO Dates: 23 – 25 Feb Price: ₹1053 GMP: ₹4.5 (0.43%) Subscription: N/A (Opens Feb 23) Shree Ram Twistex IPO Dates: 23 – 25 Feb Price: ₹104 GMP: ₹5 (4.81%) Subscription: N/A (Opens Feb 23) PNGS Reva Diamond Jewellery IPO Dates: 24 – 26 Feb Price: ₹386 GMP: ₹18.5 (4.79%) Subscription: N/A (Opens Feb 24) Omnitech Engineering IPO Dates: 25 – 27 Feb Price: ₹227 GMP: ₹13 (5.73%) Subscription: N/A (Opens Feb 25) GMP = Grey Market Premium. Stay tuned for live subscription updates as these issues open! #IPO #IPOGMP #UpcomingIPO #StockMarketIndia #IPOAlert #GaudiumIVF #CleanMaxIPO #OmnitechEngineering #ForgeUp #ipoallotment #ipolive #ipogmp #gmp

#IPOScan Clean Max Enviro Energy Solutions : कैसा है कंपनी का बिजनेस मॉडल? Google के साथ कैसा है कंपनी का करार? AI और Data Center से कैसे जुड़ी है कंपनी? Debt कम करने को लेकर क्या है कंपनी का प्लान? Profitability को लेकर क्या है कंपनी का प्लान? देखिए Clean Max के फाउंडर & MD, कुलदीप जैन से अनिल सिंघवी की खास बातचीत #StockMarket #IPO #IPOAlert #CleanMax #CleanMaxIPO @AnilSinghvi_ @CleanMax_Ofc @NPCI_BHIM IPO में निवेश करना अब बहुत आसान हो गया है। भारत के अपने पेमेंट ऐप, BHIM App के जरिए आप आसानी से IPO में पैसे लगा सकते हैं। बस अपने Demat अकाउंट से IPO चुनें, पेमेंट मैनडेट सेट करें, BHIM App का UPI ID डालें और हो गया निवेश आसान!

CleanMax Envruro Energy Solutions માં IPO માં સબસ્ક્રાઈબ કરતા સાંભળો મેનેજિંગ ડિરેક્ટર સાથેની ખાસ વાતચીત.. કંપનીના ફ્યુચર્સ લઈને મેનેજમેંટ કેટલો વિશ્વાસ ધરાવે છે? #IPO #Cleanmax #CleanmaxIPO #newIPO #ipolisting #ipoallotment #cleanmaxenergy

बढ़ता लालच: ग्रीन एनर्जी सेक्टर का सबसे महंगा IPO *क्लीन मैक्स का IPO मूल्य 10 हजार रुपये प्रति शेयर! *निवेशक हैरान है कि क्लीम मैक्स को इतना मामूली प्रॉफिट है तो फिर इसके प्रमोटर और मर्चेंट बैंकर किस 'काल्पनिक' वैल्यूएशन पर 400 के पीई रेशियो पर इतना महंगा आईपीओ जारी कर प्रति शेयर 10 हजार रुपये मांग रहे हैं? @SEBI_India @SEBI_updates @nsitharaman @nsitharaman #CleanMax #CleanMaxIPO #IPO #IPOMarket

🚀 IPO GMP Update — Latest (3PM 18/02/26) LIVE & UPCOMING IPOs — Grey Market Premium (GMP) Gaudium IVF & Women Health IPO Dates: 20 – 24 Feb Price: ₹79 GMP: ₹15 (18.99%) Subscription: N/A (Opens Feb 20) Clean Max Enviro Energy Solutions IPO Dates: 23 – 25 Feb Price: ₹1053 GMP: ₹0 (Early stage) Subscription: N/A (Opens Feb 23) Shree Ram Twistex IPO Dates: 23 – 25 Feb Price: ₹104 GMP: ₹0 (Early stage) Subscription: N/A (Opens Feb 23) PNGS Reva Diamond Jewellery IPO Dates: 24 – 26 Feb Price: ₹386 GMP: ₹35 (9.07%) Subscription: N/A (Opens Feb 24) GMP = Grey Market Premium. Stay tuned for live subscription updates as these issues open! #IPO #IPOGMP #UpcomingIPO #StockMarketIndia #IPOAlert #GaudiumIVF #CleanMaxIPO #ForgeUp #ipoallotment #ipolive #ipogmp #gmp

#IPOKYC | #CleanMaxIPO Opens For Subscription On Feb 23 Management To @CNBCTV18News - 85% of energy sales is to clients' credit rated AAA - Gross block to EBITDA is 5.8x vs listed peers at 7.5x @Reematendulkar #Cleanmax #IPO #CNBCTV18Market Watch Here: youtu.be/VxSQxGrC3to