211  Total SME IPOs listed in 2025

9,659.65 Crs.  Total funds raised in 2025

144  SME IPOs listed with Gain in 2025

67  SME IPOs listed with loss in 2025

211  Total SME IPOs listed in 2025

9,659.65 Crs.  Total funds raised in 2025

144  SME IPOs listed with Gain in 2025

67  SME IPOs listed with loss in 2025

211  Total SME IPOs listed in 2025

9,659.65 Crs.  Total funds raised in 2025

144  SME IPOs listed with Gain in 2025

67  SME IPOs listed with loss in 2025

211  Total SME IPOs listed in 2025

9659.65 Crs.  Total funds raised in 2,025.00

144  SME IPOs listed with Gain in 2025

67  SME IPOs listed with loss in 2025

Clean Max Enviro Energy Solutions Limited IPO Peer Comparison

Clean Max Enviro Energy Solutions IPO is a MainBoard Upcoming IPO coming on BSE,NSE with an IPO size of [●] .
This IPO falls under the Power And Energy sector, which has seen 20 IPOs to date. Key sector metrics such as average PE ratio, IPO size, EBITDA margin, and PAT margin are compared below with the figures from the Clean Max Enviro Energy Solutions IPO.

Clean Max Enviro Energy Solutions
IPO Details


IPO Industry -
Power And Energy

IPOs So Far: 20

Issue Size (IPO)

[●]

Total Fund Raised

₹ 65,581.02 Cr.

Average Issue Size

₹ 3,279.05 Cr.

PE Ratio (IPO)

[●] x

Average PE Ratio

19.22 x

EBITDA Margin (IPO)

67.87 %

Average EBITDA Margin

50.16 %

PAT Margin (IPO)

1.30 %

Average PAT Margin

16.36 %

Clean Max Enviro Energy Solutions
IPO Details

IPO Industry

Power And Energy

IPOs So Far 20


IPO Fund Raised

[●]

Total Fund Raised

₹ 65,581.02 Cr.

Average Fund Raised

₹ 3,279.05 Cr.

IPO PE Ratio

[●] x

IPO EBITDA

67.87 %

IPO PAT

1.30 %

Average PE Ratio

19.22 x

Average EBIDTA

50.16 %

Average PAT

16.36 %

Peer Companies of Clean Max IPO as Per DRHP

Clean Max Enviro Energy Solutions IPO Peer Comparison with key metrics mentioned in the DRHP.

Company Name
FV
CMP
Revenue
Basic EPS
Diluted EPS
NAV
PE
EV/EBITDA
RoNW %
1
1495.70
2.88
2.79
250.93
1.09
2
192.00
1405.13
4.55
4.53
74.54
42.38
14.00
5.59
10
100.57
2209.64
0.67
0.67
21.88
150.10
46.39
2.58
Adani Green Energy Limited
10
94.91
11212.00
8.37
8.37
58.63
113.39
23.36
15.55
ReNew Energy Global PLC ($)
0.0001 USD
504.07
9751.30
10.92
10.81
310.40
46.63
10.27
3.39
Company Name FV CMP Revenue Basic EPS Diluted EPS NAV PE EV/EBITDA RoNW %
Clean Max Enviro Energy Solutions Limited 1 1495.70 2.88 2.79 250.93 1.09
ACME Solar Holdings Limited 2 192.00 1405.13 4.55 4.53 74.54 42.38 14.00 5.59
NTPC Green Energy Limited 10 100.57 2209.64 0.67 0.67 21.88 150.10 46.39 2.58
Adani Green Energy Limited 10 94.91 11212.00 8.37 8.37 58.63 113.39 23.36 15.55
ReNew Energy Global PLC ($) 0.0001 USD 504.07 9751.30 10.92 10.81 310.40 46.63 10.27 3.39
Notes

(1) Financial information of the Company has been derived from the Restated Consolidated Financial Information as of or for the financial year ended March 31, 2025.
(2) $ ReNew Energy Global Plc is listed on NASDAQ and not on BSE and NSE in India. Ordinary Equity Shares of ReNew Energy Global PLC are listed on NASDAQ. Closing market price of ReNew Energy Global PLC as on March 31, 2025 is converted into INR using conversion ratio of 1USD=85.58INR
(3) All the financial information for listed industry peer is on a consolidated basis and is sourced from the financial information of such listed industry peer available on the website of the stock exchanges (BSE/NSE/NASDAQ), as of and for year ended March 31, 2025.Further financial information for FY 2025 for Renew Energy Global PLC is on a consolidated basis and is sourced from the FORM 20-F filed with US SEC and NASDAQ
(4) NAV of listed peers has been computed as Total Equity attributable to owners of the Company
(5) P/E Ratio for the listed industry peer has been computed based on the closing market price of equity shares, on NSE for Indian peers, as of March 28, 2025 divided by the diluted EPS for the year ended March 31, 2025.Except for ReNew Energy Global PLC, where closing market price of equity shares, on NASDAQ as of March 31, 2025 divided by the diluted EPS for the year ended March 31, 2025
(6) Return on Net worth (%) = Profit After Tax attributable to owners of the Company for the year ended March 31, 2025/ Net worth as on March 31, 2025.
(7) Net Asset Value per Equity Share represents Net worth as at the end of the year divided by number of Equity Shares outstanding at the end of the year/period.
(8) Net Worth = Net Worth means Total Equity attributable to owners of the Company excluding any debt instruments in the nature of Equity.
(8) EV/EBITDA for the listed industry peers has been computed based on the Enterprise Value (calculated as closing market price of equity shares, on NSE for Indian peers, as of March 31,2025 multiplied by outstanding shares, as of March 31,2025 less debt borrowings including lease liabilities less cash and cash equivalent, adding minority interest) divided by the EBITDA for the year ended March 31, 2025.

Peer Comparison of Clean Max IPO in This Sector

You can do performance analysis for Clean Max IPO with Listed IPOs in the Power And Energy sector and review their IPO performance based on Merchant banker, Listing price, IPO Valuation and other metrics.

Select Listed IPO for Comparison:
Basis
Clean Max IPO
vs
vs
vs

IPO Date
[●]


IPO Size
[●]

Total Assets
₹ 13,279.25 Cr.

Revenue
₹ 1,495.70 Cr.

PAT
₹ 19.43 Cr.

PAT Margin
1.30 %

Leverage Ratio
3.11 x

PE Multiple
[●] x

EV/EBITDA
7.53 x

Notes:
1) All the above data is at the time of IPO
2) Revenue and Pat is taken on annualised basis

IPO Performance Report of Power And Energy Sector

This IPO report captures the post-listing performance of IPOs in the Power And Energy sector, featuring key metrics like offer price, listing gain, and CMP to help investors assess return potential and sector sentiment.

NAME OFFER PRICE LISTING PRICE LISTING GAIN CMP CMP %
Prostarm Info IPO
Financial Report >>
₹ 105.00 ₹ 120.00 14.29% ₹ 196 86%
NTPC Green IPO
Financial Report >>
₹ 108.00 ₹ 121.50 12.50% ₹ 99 -9%
Indian Renewable IPO
Financial Report >>
₹ 32.00 ₹ 59.99 59.99% ₹ 149 365%
Inox Green IPO
Financial Report >>
₹ 65.00 ₹ 59.10 -9.08% ₹ 229 252%
IndiGrid InvIT IPO
Financial Report >>
₹ 100.00 ₹ 98.45 -1.55% ₹ 168 68%
Inox Wind IPO
Financial Report >>
₹ 325.00 ₹ 438.00 438.00% ₹ 141 -56%
Power Grid IPO
Financial Report >>
₹ 90.00 ₹ 96.60 96.60% ₹ 285 217%
Orient Green IPO
Financial Report >>
₹ 47.00 ₹ 44.90 44.90% ₹ 13 -72%
SJVN Limited IPO
Financial Report >>
₹ 26.00 ₹ 25.05 25.05% ₹ 90 246%
NTPC Limited IPO
Financial Report >>
₹ 201.00 ₹ 203.00 203.00% ₹ 334 66%
Rural Electrification IPO
Financial Report >>
₹ 203.00 ₹ 241.85 241.85% ₹ 373 83%
JSW Energy IPO
Financial Report >>
₹ 95.00 ₹ 100.75 100.75% ₹ 534 463%
Indiabulls Power IPO
Financial Report >>
₹ 45.00 ₹ 39.25 39.25% ₹ 11 -75%
NHPC Limited IPO
Financial Report >>
₹ 36.00 ₹ 36.70 36.70% ₹ 85 137%
Adani Power IPO
Financial Report >>
₹ 100.00 ₹ 100.05 100.05% ₹ 149 49%
KSK Energy IPO
Financial Report >>
₹ 240.00 ₹ 190.50 -20.63% [●] 0.00%
Rural Electrification IPO
Financial Report >>
₹ 105.00 ₹ 121.20 121.20% ₹ 373 255%
Reliance Power IPO
Financial Report >>
₹ 450.00 ₹ 372.50 -17.22% ₹ 45 -90%
BGR Energy IPO
Financial Report >>
₹ 480.00 ₹ 901.30 901.30% ₹ 304 -37%
Indowind Energy IPO
Financial Report >>
₹ 65.00 ₹ 114.05 114.05% ₹ 16 -75%

Sector wise IPO Performance Report Available >>

Clean Max Enviro Energy Solutions IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.

Listed Peers IPO Details

ACME Solar Holdings Limited
13th November 2024
IPO Size : 2900.00 Cr.
NTPC Green Energy Limited
27th November 2024
IPO Size : 10000.00 Cr.
Adani Green Energy Limited
[●]
IPO Size : [●]
ReNew Energy Global PLC ($)
[●]
IPO Size : [●]
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Explore Other DRHPs

Prostarm Info Systems Limited

  Power and Energy

  Mumbai


NTPC Green Energy Limited

  Power and Energy

  New Delhi


Indian Renewable Energy Development Agency Ltd

  Power and Energy

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Inox Green Energy Services Limited

  Power and Energy

  Vadodara


IndiGrid InvIT Fund

  Power and Energy

  New Delhi


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FAQs of Clean Max IPO

Who are the peers of Clean Max Enviro Energy Solutions IPO

The peers of Clean Max Enviro Energy Solutions , include other listed companies operating in the (Power And Energy) segment. These peer companies typically offer similar services Some of the notable peers as per the DRHP of this company are Clean Max Enviro Energy Solutions Limited , ACME Solar Holdings Limited , NTPC Green Energy Limited , Adani Green Energy Limited ReNew Energy Global PLC ($)
See the complete list of current IPO

What is Peer Comparison in IPO Analysis?

Peer Comparison is the method of evaluating an entity by comparing its performance, size of business form other entities operating in same industry or sector. It involves financial analysis by comparing key financial metrics like Profitability, Net worth, Market Capitalization and Leverage IPO Performance tracker

Why Peer Comparison is important for IPO Review?

Peer comparison helps to identify companies in the same sector with a similar business. It helps to compare the financial performance and valuation against its listed peers. An investor or an analyst can decide whether the IPO price is justified when compared to its peers. An investor can make informed decision whether to apply to IPO or not on basis of peer comparison. Know the process of DRHP and Peer companies Information required to be disclosed in DRHP.

As of now 20 IPOs are listed in this sector indicating strong growth in this sector. Choosing the best IPO depends on factors like, financial performance, valuation, market trends and future growth plans. IPO Review and performance.

What is a good PE ratio for an Power And Energy company?

A good PE Ratio for Power And Energy sector depends on various factors like, performance of the company, market conditions, company valuation and IPO Size. PE Ratio varies from sector to sector and company to company. Know the average PE Multiple in each sector.

How many companies are listed in the Power And Energy sector?

Currently 20 companies are listed under Power And Energy sector. Based on the latest data from the Stock Exchanges. Choose the Best Merchant Banker from the Merchant Banker List

Is Clean Max Enviro Energy Solutions IPO good in comparison with its competitors?

Performance of companies depends on various factors like, profits, future plans, Market share, PE Ratio etc. By assessing these factors investor can make better investment decisions.Clean Max Enviro Energy Solutions Peer comparison provides IPO analysis of companies listed in this sector, on the basis of different Key performance indicators (KPI)like, Listing Gain of peers, current market price, PE Ratio and IPO Size.

Which are the Upcoming IPO in the Power And Energy sector?

Upcoming IPO refers to companies which have filed their DRHP with the Stock exchange and are awaiting approval from NSE or BSE 9 companies have filed their DRHP for IPO under Power And Energy sector. .New IPO 2025-2026 and Upcoming IPO

How to calculate the PE multiple based on your sector?

PE Multiple is a metrics that is widely used for IPO Valuation. Merchant bankers in coordination with the company decides the PE Multiple.The PE Multiple depends on various factors and it should be analyzed in coordination with other financial metrics. Know the PE ratio of your company with PE Calculator provided by IPOplatform

Explore Other DRHPs

Prostarm Info Systems Limited

  Power and Energy

  Mumbai


NTPC Green Energy Limited

  Power and Energy

  New Delhi


Indian Renewable Energy Development Agency Ltd

  Power and Energy

  New Delhi


Inox Green Energy Services Limited

  Power and Energy

  Vadodara


IndiGrid InvIT Fund

  Power and Energy

  New Delhi


Read more details of this IPO

Peer Companies Of This Sector

FAQs

Clean Max Enviro Energy Solutions operates in Power And Energy and Commercial And Industrial (C&I) Renewable Energy. The Issue is listed on BSE,NSE in Oct, 2025. Clean Max Enviro Energy Solutions IPO size was with Issue price of .

Merchant Banker(s) of Clean Max Enviro Energy Solutions IPO: Axis Capital Limited , Bnp Paribas , Bob Capital Markets Limited , Hsbc Securities & Capital Markets Private limited , IIFL Securities Limited , J.P. Morgan India Private Limited , Nomura Financial Advisory And Securities (India) Private Limited , SBI Capital Markets Limited

Clean Max Enviro Energy Solutions IPO subscription was X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Clean Max Enviro Energy Solutions IPO listed at a listing price of against the offer price of .

The current market price of Clean Max Enviro Energy Solutions is .

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