Clean Max Enviro Energy Solutions IPO Details
The Clean Max Enviro Energy Solutions IPO is a book build issue with a total issue size of ₹3100 cr, comprising of fresh issue of 11396011 equity shares., and a offer for sale of 18043684 equity shares. Clean Max Enviro Energy Solutions IPO opened for subscription on Feb 23, 2026 and closed on Feb 25, 2026. Clean Max Enviro Energy Solutions IPO is set price band at ₹1000 to ₹1053 per share, with a lot size of 14 shares. Minimum investment for Retail investors was ₹14,742.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Feb 26, 2026, and listed on both the NSE and BSE on Mar 02, 2026.
MUFG Intime India Private Limited has been appointed as the registrar. IIFL Capital Services Limited, Bob Capital Markets Limited, J.P. Morgan India Private Limited, Nomura Financial Advisory And Securities (India) Pvt Ltd, Hsbc Securities & Capital Markets Pvt Ltd, Bnp Paribas, Axial Capital Private Limited and SBI Capital Markets Limited are the Book Running Lead Manager for the issue.
Before investing in the Clean Max Enviro Energy Solutions IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 1000 – 1053
- Lot Size
- 14
- Issue Size
- ₹3100 Cr
- Minimum Investment
- ₹14742 (14 Shares)
- Listing Date
- 02 March 2026
Current GMP
₹-35 (-3.32%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Clean Max Enviro Energy Solutions Limited
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, the company has a total operational, owned, and managed capacity of 2.54 GW, along with an additional 2.53 GW of contracted capacity under execution.
Clean Max Enviro offers comprehensive renewable energy solutions, including renewable power supply, energy services, and carbon credit solutions, catering to a diverse customer base that spans technology companies as well as traditional commercial and industrial (C&I) enterprises.
Areas of Expertise
The company’s expertise covers the entire renewable energy value chain, including:
- Energy Contracting
- Engineering, Procurement, and Construction (EPC)
- Operation and Maintenance (O&M) of renewable energy plants, including solar, wind, and hybrid projects
Business Segments
1. Renewable Energy Power Sales Segment
Clean Max Enviro sells renewable power to customers through:
- Long-term Power Purchase Agreements (PPAs)
- Energy Attribute Purchase Agreements (EAPAs)
This segment focuses on providing sustainable and cost-effective renewable power directly to C&I customers.
2. Renewable Energy Services Segment
This segment provides end-to-end renewable energy project development and management services, including:
- Turnkey project development, covering land acquisition and power evacuation infrastructure
- EPC services for solar, wind, and hybrid projects
- Operation and Maintenance (O&M) services throughout the project lifecycle
- Carbon Services, helping clients achieve sustainability and carbon reduction goals
Clean Max Enviro Energy Solutions IPO Promoters
- Kuldeep Jain
- Pratap Jain
- Nidhi Jain
- BGTF One Holdings (DIFC) Ltd
- Kempinc LLP
Promoters Holding
Holding Pre Issue
74.89%
Holding Post Issue
49.08%
Clean Max Enviro Energy Solutions IPO Objective
The Company Clean Max Enviro Energy Solutions IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Repayment and/or pre-payment, in part or full, of all or certain outstanding borrowings of our Company and/or our Subsidiaries
- General corporate purposes
Address / Contact Info
Clean Max Enviro Energy Solutions Ltd.
4th Floor,The International 16 Maharshi Karve Road,
New Marine Lines Cross Road No.1, Churchgate
Mumbai, Maharashtra, 400020
Phone: +91 22 6252 000
Email: Secretarial@cleanmax.com
Website: http://www.cleanmax.com/
IPO Snapshot
Clean Max Enviro Energy Solutions IPO Registrar
MUFG Intime India Private Limited
Check Allotment StatusBook Running Lead Managers
- IIFL Capital Services Limited
- Bob Capital Markets Limited
- J.P. Morgan India Private Limited
- Nomura Financial Advisory And Securities (India) Pvt Ltd
- Hsbc Securities & Capital Markets Pvt Ltd
- Bnp Paribas
- Axial Capital Private Limited
- SBI Capital Markets Limited
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Clean Max Enviro Energy Solutions IPO is a Book-building IPO with a total issue size of ₹3100 crore. The Clean Max Enviro Energy Solutions IPO price band is ₹1000 to 1053 per share. The Clean Max Enviro Energy Solutions IPO subscription opens on Mon, Feb 23, 2026, and closes on Wed, Feb 25, 2026. The Clean Max Enviro Energy Solutions IPO will be listed on the BSE,NSE. MUFG Intime India Private Limited is the registrar for the Clean Max Enviro Energy Solutions IPO.
The Clean Max Enviro Energy Solutions IPO opens on Mon, Feb 23, 2026 and closes on Wed, Feb 25, 2026
Clean Max Enviro Energy Solutions IPO Price Band is ₹1000 to 1053 per share.
Clean Max Enviro Energy Solutions IPO lot size is 14 shares, Retail investors need a minimum investment of ₹14742 based on the upper price band
The minimum investment for Clean Max Enviro Energy Solutions IPO is ₹14742, based on one lot of 14 shares at the upper price band of ₹1053 per share.
Investors can apply for the Clean Max Enviro Energy Solutions IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Wed, Feb 25, 2026. The application amount remains blocked until the Clean Max Enviro Energy Solutions IPO allotment is finalized.
Clean Max Enviro Energy Solutions IPO issue size is ₹3100 crores.
Clean Max Enviro Energy Solutions IPO allotment date is Wed, Jul 1, 2026.
The registrar for Clean Max Enviro Energy Solutions IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check Clean Max Enviro Energy Solutions IPO allotment status, refund processing, and other IPO-related information.
The Clean Max Enviro Energy Solutions IPO GMP (Grey Market Premium) is ₹-35 as of Mon, Mar 2, 2026. Based on the upper price band of ₹1053 per share, the estimated Clean Max Enviro Energy Solutions IPO listing price is ₹1018, indicating a potential listing gain of approximately 0% over the issue price.