IPO visibility CleanMax’s IPO, which closes on 25 February, has fixed a price band of ₹1,000-1,053 per share, valuing it at ₹12,325 crore at the upper end. This implies an EV/EBITDA multiple of over 16x, based on annualized earnings for the first half of fiscal 2026 on a post-issue basis — well below the 19.9x…
Authored by: Kumar Surya Updated Feb 23, 2026 11:19 IST Clean Max Enviro Energy Solutions Ltd’s Rs 3,100 crore IPO has opened from February 23… highlights CleanMax’s Rs 3,100 crore IPO is open from 23-25 February. Clean Max Enviro Energy Solutions Ltd is a big company in the renewable energy sector. The company has fixed…
This positions CleanMax at the intersection of India’s energy transition and the rising corporate demand for captive green power. The company plans to raise ₹₹3,100 crore at ₹Rs 1,000-1,053 per share. The issue comprises a fresh issue of ₹1,200 crore and an offer-for-sale of ₹1,900 crore by existing investors. At the upper end of the…
