IPO
UHM Vacation IPO Details
Last Updated on June 3, 2026 UHM Vacation Ltd. IPO Incorporated in 2009, UHM Vacation Ltd is a B2B travel and tourism aggregator that offers a wide range of travel
June 3, 2026
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Clean Max Enviro Energy Solutions Ltd IPO
Clean Max Enviro is India’s largest commercial and industrial (“C&I”) renewable energy provider as of March 31, 2025, according to the CRISIL Report. As of July 31, 2025, we have 2.54 GW of operational, owned, and managed capacity and an additional 2.53 GW of contracted capacity under execution.
Its key offerings include supplying renewable power, providing energy services, and offering carbon credit solutions. We cater to a wide range of customers, including Technology customers and conventional C&I customers<.
The company’s expertise covers Energy contracting, Engineering, procurement, and construction (EPC), and Operation and maintenance (O&M) of renewable energy plants (solar, wind, and hybrid).
Business Offerings
- Renewable Energy Power Sales Segment: Sell renewable energy to customers through long-term Power Purchase Agreements (“PPAs”) and Energy Attribute Purchase Agreements (“EAPAs”). T
- Renewable Energy Services Segment: Turnkey development services, including land, evacuation infrastructure, EPC services, power evacuation and O&M services for the project lifetime and Carbon Services offering.
Competitive Strengths
- Comprehensive Suite of Customer-Centric Capabilities
- Timely and Cost-Effective Project Development, Execution and Management Capabilities
- Efficient capital allocation and risk management
Company Financials (Restated Consolidated)
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 16,945.65 | 13,279.25 | 9,076.55 | 7,000.14 |
| Total Income | 969.35 | 1,610.34 | 1,425.31 | 960.98 |
| Profit After Tax | 19.00 | 19.43 | -37.64 | -59.47 |
| EBITDA | 637.85 | 1,015.07 | 741.57 | 405.92 |
| NET Worth | 2,598.34 | 2,545.44 | 1,817.96 | 1,209.93 |
| Total Borrowing | 10,121.46 | 7,973.70 | 5,514.56 | 3,843.42 |
| Amount in ₹ Crore | ||||
IPO Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment and/or pre-payment, in part or full, of all or certain outstanding borrowings of the Company and/or certain of the Subsidiaries | 1,122.67 |
| 2 | General corporate purposes | |
| Total | 1,122.67 |
Key Performance Indicator (KPI)
| KPI | Sep 30, 2026 | Mar 31, 2025 |
|---|---|---|
| ROE | 0.43% | 1.27% |
| Debt/Equity | 2.53 | 1.97 |
| RoNW | 0.43% | 1.09% |
| Price to Book Value | 4.11 | 4.20 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 1.84 | 3.25 |
| P/E (x) | 634.34 | 324.28 |
Clean Max Energy IPO Details
| IPO Date | 23 to 25 Feb, 2026 |
| Listing Date | Mon, Mar 2, 2026 |
| Face Value | ₹1 per share |
| Price Band | ₹1000 to ₹1053 |
| Lot Size | 14 Shares |
| Sale Type | Fresh Capital & OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹100.00 |
| Total Issue Size | 2,94,39,695 shares (agg. up to ₹3,100 Cr) |
| Fresh Issue | 1,13,96,011 shares (agg. up to ₹1,200 Cr) |
| Offer for Sale | 1,80,43,684 shares of ₹1 (agg. up to ₹1,900 Cr) |
| Share Holding Pre Issue | 10,56,53,268 shares |
| Share Holding Post Issue | 11,70,49,279 shares |
Clean Max Energy IPO Promoter Holding
Kuldeep Jain, Pratap Jain, Nidhi Jain, BGTF One Holdings (DIFC) Ltd and Kempinc LLP are the company promoters.
| Share Holding Pre Issue | 74.89% |
| Share Holding Post Issue | 49.08% |
SHARIAH SCREENING for - Clean Max Enviro Energy Solutions Ltd. IPO
BUSINESS SCREEN
FINANCIAL RATIOS
As per our analysis and Based on the information we have, this is the output.
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IPO
Vahh Chemicals IPO Details
Last Updated on June 3, 2026 Vahh Chemicals Ltd. IPO Incorporated in 2019, Vahh Chemicals is an ISO 9001:2015 certified company engaged in manufacturing, supplying, and trading textile auxiliary chemicals.
June 3, 2026
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IPO
CMR Green Technologies IPO Details
Last Updated on June 3, 2026 CMR Green Technologies Ltd. IPO Incorporated in 2006, CMR Green Technologies Limited is non-ferrous metal recycler and secondary aluminium market, specializing in aluminium and zinc die-casting alloys.
June 3, 2026
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