Client list – Clean Max’s clients are mainly large businesses and institutions that need clean power. This includes tech giants (Google, Apple, Cisco, Equinix), airports, auto & manufacturing firms, and chemical companies (BASF India). The company serves hundreds of corporates across many sectors.
| (6) Litigations against the company-Type of Matter | Current Position | Possible Effect |
|---|---|---|
| SEBI AIF Compliance Issue | Matter resolved after payment | Forms part of past regulatory record |
| Karnataka Electricity Regulatory Petition | Legal proceedings still in progress | Could create regulatory uncertainty |
| Gujarat Connectivity Dispute | Interim status quo ordered by authority | May delay project operations |
| Public Interest Litigation (Gujarat HC) | Petition withdrawn and closed | No active legal concern at present |
Criminal proceedings-So far, there is no publicly disclosed criminal case against the company that suggests criminal wrongdoing.
However, investors should always:
- Check the “Outstanding Litigation” section in the latest prospectus
- Verify through stock exchange filings (after listiing)
🔒 Company Lock-in Period – Clean Max IPO
In an IPO, lock-in period means certain shareholders (mainly promoters and anchor investors) cannot sell their shares for a specific time after listing.
Here’s how it generally applies to Clean Max Enviro Energy Solutions Limited (as per SEBI IPO rules and RHP structure) :
🟢 1️⃣ Promoter Lock-in Period
As per SEBI regulations:
- 🔒 Minimum 20% of post-IPO share capital held by promoters
→ Locked in for 18 months from listing date - 🔒 Remaining promoter shareholding
→ Locked in for 6 months from listing
👉 This ensures promoters remain committed after IPO.
🟡 2️⃣ Anchor Investor Lock-in
- 🔒 50% of Anchor shares
→ Locked for 30 days - 🔒 Remaining 50%
→ Locked for 90 days
🔵 3️⃣ Pre-IPO Investors Lock-in
Shares allotted before IPO (like private placement):
- Usually locked in for 6 months from listing (as per SEBI norms).
📌 Why Lock-in Matters
✔ Prevents immediate selling pressure
✔ Builds investor confidence
✔ Shows long-term commitment of promoters