Clean Max Enviro Energy Solutions has submitted its Updated Draft Red Herring Prospectus (UDRHP) to the Securities and Exchange Board of India (SEBI). The company’s ₹5,200-crore initial public offering (IPO) is expected to launch in the third week of December 2025, as per various news reports. SEBI had already granted final approval for the earlier draft prospectus on November 10, 2025.
The public issue will comprise a fresh issue of shares worth ₹1,500 crore and an offer-for-sale (OFS) of ₹3,700 crore by existing shareholders. The OFS will see participation from promoter Kuldeep Jain, BGTF One Holdings (DIFC) Limited, KEMPINC LLP, and investors Augment India I Holdings and DSDG Holding.
Out of the fresh capital raised, ₹1,125 crore will be used for the repayment or prepayment of outstanding borrowings, while the rest will support general corporate purposes.
Clean Max is recognised as India’s largest provider of renewable energy solutions to commercial and industrial (C&I) clients, according to a CRISIL report. As of March 31, 2025, the company operates and manages 2.54 GW of renewable energy capacity, with an additional 2.53 GW of contracted projects in the pipeline as of July 31, 2025.
With nearly 15 years of industry experience, Clean Max has built strong capabilities in net-zero and decarbonization services. Its offerings span renewable power supply, energy-efficiency services, and carbon credit solutions.
Also Read: AceVector Filed UDRHP with SEBI to Float IPO: Starfish I Pte Under the Selling Shareholders
The company caters to a diverse client base, including data centres, AI and tech companies, manufacturing industries, steel and cement producers, pharmaceuticals, FMCG players, real estate and infrastructure firms, and global capability centres.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Dec 8, 2025, 9:30 AM IST
Sachin Gupta
Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.
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