Clean Max Enviro Energy Solutions Ltd

Use of Proceeds

The funds raised through this IPO will be used for:

Initial public offer of 29315993 equity shares of face value of Re. 1/- each ("Equity Shares") of Clean Max Enviro Energy Solutons Limited ("Company") for cash at a price of Rs. 1053* per equity share (Including a Share Premium of Rs. 1052 per Equity Share) ("Offer Price") Aggregating up to Rs. 3083.83 crores (the "Offer") comprising a fresh issue of 11425906 equity shares of face value of Re. 1/- each aggregating up to Rs. 1200.00 crores by the company ("Fresh Issue") and an offer for sale of 17890087 equity shares of face value of Re. 1/- each aggregating up to Rs. 1883.83 crores (the "Offer for Sale"), consisting of 2041341 equity shares of face value of Re. 1/- each aggregating up to Rs. 214.95 crores by Kuldeep Jain and 8510959 equity shares of face value of Re. 1/- each aggregating up to Rs. 896.20 crores by BGTF One Holdings (DIFC) Limited and 687357 equity shares of face value of Re. 1/- each aggregating up to Rs. 72.38 crores by Kempinc LLP (Collectively, the "Promoter Selling Shareholders"), and 5102639 equity shares of face value of Re. 1/- each aggregating up to Rs. 537.31 crores by Augment India i Holdings, LLC and 1547791 equity shares of face value of Re. 1/- each aggregating up to Rs. 162.98 crores by DSDG Holding APS (Collectively, the "Investor Selling Shareholders", together with the promoter selling shareholders referred to as the "Selling Shareholders" and such equity shares, the "Offered Shares"). The company, in consultation with the brlms, may consider a further issue of specified securities, as may be permitted under the applicable law, at its discretion, aggregating up to Rs. 300.00 crores, prior to filing of the pre-ipo placement, if undertaken, will be at a price to be determined by the company, in consultation with the brlms. If the pre-ipo placement is completed, the amount Raised pursuant to the pre-ipo placement will be reduced from the fresh issue, subject to compliance with Rule 19(2)(b) of the securities contracts (Regulation) Rules, 1957, as amended. the pre-ipo placement, if undertaken, shall not exceed 20% of the size of the fresh issue. Prior to the completion of the offer, the company shall appropriately intimate the subscribers to the pre-ipo placement, prior to allotment pursuant to the pre-ipo placement, that there is no guarantee that the company may proceed with the offer or the offer may be successful and will result into listing of the equity shares on the stock exchanges. Further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement (if undertaken). the pre-ipo placement shall be reported to the stock exchange(s), within twenty-four hours of such pre-ipo transactions (in Part or in Entirety). The offer includes a reservation up to 314795* equity shares of face value of Re. 1/- each, aggregating up to Rs. 30 crores (Constituted up to 0.27% of the post-offer paid-up Equity Share Capital), for subscription by eligible employees ("Employee Reservation Portion"). The company, in consultation with the brlms may offer a discount of up to [*]% of the offer price to eligible employees bidding in the employee reservation portion ("Employee Discount"), subject to necessary approvals as may be required. The offer less the employee reservation portion is hereinafter referred to as the "Net Offer". The offer and the net offer shall constitute 25.04% and 24.77% of the post-offer paid-up equity share capital of the company, respectively. Price Band: Rs. 1053 per equity share of face value Rs.1/- each. The floor price is 1053 times of the face value of the equity shares. Bids can be made for a minimum of 14 equity shares and in multiples of 14 equity shares thereafter. A discount of Rs. 100 per equity share is being offered to eligible employees bidding in the employee reservation portion.