Clean Max Enviro Energy Solutions Ltd. IPO

We are a provider of renewable energy to commercial & industrial customers. With 15 years of experience since our inception in 2010, we specialize in delivering decarbonization solutions, including supplying renewable power and offering energy services and carbon credit solutions to ... customers. We operate a fully business-to-business model, serving only commercial and industrial clients. Our expertise spans across providing EPC services and O&M services of renewable energy plants including solar, wind and hybrid plants, within our customer’s premises and within CleanMax-developed farms. We operate two business segments: (i) Renewable Energy Power Sales Segment (where we sell power under long-term PPAs); and (ii) Renewable Energy Services Segment (where we offer EPC, O&M services and carbon services to customers). As of October 31, 2025, we had 2,799 MW operational capacity. Renewable Energy Power Sales Segment: we earn revenue primarily from the sale of electricity generated at our renewable energy plants to customers under long-term Power Purchase Agreements (“PPAs”) and Energy Attribute Purchase Agreements (“EAPAs”) across a range of offerings. Renewable Energy Services Segment: we earn revenue primarily from providing services to customers to enable them to achieve their Net Zero aspirations. These services include providing Capex Services such as designing, developing, constructing and maintaining renewable energy plants owned by customers. Read more

Our Company was originally incorporated as ‘Clean Max Enviro Energy Solutions Private Limited’ at Mumbai, Maharashtra as a private limited company under the Companies Act, 1956 pursuant to a certificate of incorporation dated September 29, 2010 issued by the Deputy Registrar of ... Companies, Maharashtra at Mumbai. Subsequently, upon conversion of our Company into a public limited company, the name of our Company was changed to ‘Clean Max Enviro Energy Solutions Limited’, pursuant to the resolution passed by our Board on July 9, 2025 and the resolution passed by our Shareholders at the extraordinary general meeting on July 14, 2025. A fresh certificate of incorporation dated August 7, 2025 was issued by the Registrar of Companies, Maharashtra at Mumbai consequent to the conversion.

India is expected to experience rapid growth, with its annual solar and wind capacity additions increasing from 35 GW in 2024 to 61 GW in 2030. This would translate into a total Renewable Energy capacity addition of about 345 GW between 2025-2030. Over 90% of the Renewable Energy capacity (about ... 315 GW) is expected from solar and wind projects. This would be driven by large-scale government procurement programmes, attractive tariffs and a strong commitment to addressing the effects of climate change. Within solar and wind technologies, Open Access (OA) mode, which enables C&I consumers to procure electricity directly from an Independent Power Producer rather than the state utility, is emerging as an attractive option for both consumers given the potential cost savings. As a result, the share of OA in solar and wind capacity addition has increased to 34% in CY2024 from just 5% in CY2019 (Source: CRISIL Report). Read more