Clean Max Enviro Energy Solutions IPO
Clean Max Enviro Energy Solutions IPO is listed on BSE and NSE, priced at ₹1000–₹1053 per share. The stock debuted at ₹960. The IPO had a lot size of ₹14 shares and a minimum investment of ₹14,742.
Clean Max Enviro Energy Solutions Limited IPO
- IPO Dates
- Feb 23, 2026 – Feb 25, 2026
- Price band
- ₹1000-1053 per equity share
- Minimum Investment
- ₹14,742
- Issue size
- ₹3100 Cr
- Lot size
- 14
- Allotment Date
- Feb 26, 2026
- Listing
- Mar 2, 2026
- Listing At
- BSE, NSE
IPO timeline
-
Feb 23, 2026
Open Date
Completed
-
Feb 25, 2026
Close Date
Completed
-
Feb 26, 2026
Allotment Date
Completed
-
Mar 2, 2026
Listing Date
Completed
Price Summary
- Last closing
- 1,361.00 (29.25%)
- 52 week high
- 1,398.60
- 52 week low
- 727.10
- Last update
Clean Max Enviro Energy Solutions IPO Subscription Details
View Subscription DetailsClean Max Enviro Energy Solutions IPO subscription status shows demand across QIB, NII, and retail categories, helping investors understand participation levels.
Last updated:Clean Max Enviro Energy Solutions IPO Essentials
Clean Max Enviro Energy Solutions IPO Details
Clean Max Enviro Energy Solutions IPO is priced at ₹1000-1053 per share with a total issue size of 3100 crore. The IPO has a lot size of 14 shares and is listed on BSE and NSE.
- Issue price
- ₹1000-1053 per equity share
- Lot size
- 14 shares
- Face value
- ₹1 Per Equity Share
- Issue size
- ₹3100 Crores : 1200 Crores Fresh + 1900 Crores OFS
- Total issue size
- 2,94,39,695 shares
(aggregating up to ₹3100 crore) - Fresh issue
- 1,13,96,011 shares
(aggregating up to ₹1200 crore) - Offer for sale (OFS)
- 1,80,43,684 shares
(aggregating up to ₹1900 crore) - Listing at
- BSE, NSE
- List price
- 960.0(NSE)
- Listing date
- Registrar
- MUFG Intime India Pvt.Ltd.
- Lead manager
-
Axis Capital Pvt.Ltd., JP Morgan India Pvt.Ltd., BNP Paribas, HSBC Securities & Capital Markets (India) Pvt.Ltd., IIFL Capital Services Ltd., Nomura Financial Advisory & Securities (India) Pvt.Ltd., BOB Capital Markets Ltd., SBI Capital Markets Ltd.
Market Lot Size
Investors can bid for a minimum of 14 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 14 | ₹14,742 |
| Retail(max) | 13 | 182 | ₹1,91,646 |
| sHNI(min) | 14 | 196 | ₹2,06,388 |
| sHNI(max) | 67 | 938 | ₹9,87,714 |
| sHNI(min) | 68 | 952 | ₹10,02,456 |
Clean Max Enviro Energy Solutions IPO Reservation
Clean Max Enviro Energy Solutions IPO reservation details show category-wise allocation of shares. Out of the total 29439696 shares, approximately 19.76% are reserved for QIB, 14.84% for NII, 34.63% for retail investors, 1.07% for employees, and 29.71% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 8746437 (29.71%) | |
| QIB Shares Offered | 5816014 (19.76%) | |
| NII (HNI) Shares Offered | 4368735 (14.84%) | |
| bHNI > ₹10L | 2912490 (10%) | 14860 |
| sHNI < ₹10L | 1456245 (5%) | 7430 |
| Retail Shares Offered | 10193715 (34.63%) | 7,28,123 |
| Employee Shares Offered | 314795 (1.07%) | |
| Total Shares Offered | 29439696 (100%) |
Clean Max Enviro Energy Solutions IPO Analytics
Clean Max Enviro Energy Solutions IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Clean Max Enviro Energy Solutions IPO Subscription Status
Clean Max Enviro Energy Solutions IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO is currently subscribed 0.99x, indicating low demand across investor categories.
| As on | QIB |
NII
bHNI
sHNI
|
Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 58,16,014 |
43,68,735
29,12,490
14,56,245
|
1,01,93,715 | 2,06,93,259 |
|
Day 1
23-02-26 05:00 PM
|
1.09 x |
0.21x
0.31x
0.01x
|
0.02 x | 0.36 x |
|
Day 2
24-02-26 05:00 PM
|
1.27 x |
0.44x
0.63x
0.04x
|
0.04 x | 0.47 x |
|
Day 3
25-02-26 05:00 PM
|
2.99 x |
0.57x
0.82x
0.07x
|
0.07 x | 0.99 x |
|
Total No. of Applications
|
bHNI | sHNI | Retail |
|---|---|---|---|
| 37002 (Approx) | 0.01x | 0.05x | 0.05x |
Clean Max Enviro Energy Solutions Valuations
Earnings
- EPS Pre IPO
- ₹1.84/-
- EPS Post IPO
- ₹3.25/-
- P/E Pre IPO
- 634.34
- P/E Post IPO
- 324.28
Returns
- ROE
- 1.27%
- RoNW
- 1.09%
Fundamentals
- Debt / Equity
- 1.97
- Price / Book
- 4.20
- Market Cap
- 12,325.29 Cr.
Clean Max Enviro Energy Solutions Financials( In Crs.)
| 30-Sep-25 | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 | |
|---|---|---|---|---|
| Assets | 16,945.65 | 13,279.25 | 9,076.55 | 7,000.14 |
| Revenue | 969.35 | 1,610.34 | 1,425.31 | 960.98 |
| Profit After Tax | 19.00 | 19.43 | -37.64 | -59.47 |
| 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 |
Clean Max Enviro Energy Solutions Company & Offer Insights
About Clean Max Enviro Energy Solutions
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:
Power Sales Renewable Energy: Power Sales Use Provided by the way of Long-term Power Purchase Agreement (PPA) and Energy Attribute Purchase Agreement (EAPA).
Services of Renewable Energy: It offers the following services: turnkey project development, EPC services, evacuation infrastructure, lifetime O and M services and carbon services.
Clean Max Enviro Energy Solutions Promoter(s)
Kuldeep Jain, Pratap Jain, Nidhi Jain, BGTF One Holdings (DIFC) Ltd, Kempinc LLP are the company's promoters of Clean Max Enviro Energy Solutions.
Clean Max Enviro Energy Solutions IPO Issue Objectives
- •
- Repayment and/or pre-payment, in part or full, of all or certain outstanding borrowings of our Company and/or certain of our Subsidiaries - ₹1,125.00 Crores
- •
- General corporate purposes
Clean Max Enviro Energy Solutions IPO - Anchor Investors
Clean Max Enviro Energy anchors Rs 921 cr ahead of Rs 3,100 cr IPO.
Zulia Investments, SBI Life Insurance, Nomura India Investment Fund Mother Fund, and Eastspring Investments were the largest investors in the company through the anchor book, buying 6.31 lakh shares worth Rs 66.5 crore each.
Marquee global investors like Abu Dhabi Investment Authority, Susquehanna Pacific, Societe Generale, Citigroup Global, and Moon Capital Trading also participated in the anchor book.
Of the total allocation of 87.46 lakh equity shares to anchor investors, 18.99 lakh equity shares were allocated to six domestic mutual funds, including HDFC Mutual Fund, PGIM India, Trust Mutual Fund, and Franklin India.
Insurance companies like SBI Life Insurance, IndiaFirst Life Insurance, Canara HSBC Life Insurance, and Bharti AXA Life Insurance also bought 14.86 lakh shares worth Rs 156.5 crore in the anchor book.
Clean Max Enviro Energy Solutions IPO - Peers Comparison
| P/B Ratio | P/E Ratio | RoNW | Revenue(in Cr.) | |
|---|---|---|---|---|
| Clean Max Enviro | N/A | N/A | 1.09% | 1495 |
| ACME Solar | 3.03 | 49.4 | 5.59% | 1405 |
| NTPC Green | 4.24 | 132.9 | 2.48% | 2209 |
| Adani Green | 17.19 | 119.1 | 13.48% | 11212 |
| ReNew Energy Global | 1.56 | 44.8 | 3.39% | 9751 |
Clean Max Enviro Energy Solutions IPO - Strengths and Risks
Clean Max Enviro Energy Solutions IPO strengths and risks highlight key business factors, financial position, and market sentiment that may impact investor interest.
Strengths
Risks
Contact Information
Contact Details
Clean Max Enviro Energy Solutions
+91 22 6252 000
4th Floor, The International 16 Maharshi Karve Road, New Marine Lines Cross Road No.1, Churchgate Mumbai, Maharashtra, 400020
Registrar Contact Details
MUFG Intime India Private Limited (Link Intime)
+91-22-4918 6270
Frequently Asked Questions
Click any question to reveal the answer
Clean Max Enviro Energy Solutions IPO is a book-built IPO worth ₹3100 crore. The price band is ₹1000–₹1053 per share. The IPO opens on Feb 23, 2026 and closes on Feb 25, 2026. It will be listed on BSE and NSE. MUFG Intime India Pvt. Ltd. is the registrar.
The price band of Clean Max Enviro Energy Solutions IPO is ₹1000 to ₹1053 per share.
The lot size of Clean Max Enviro Energy Solutions IPO is 14 shares.
The minimum investment for Clean Max Enviro Energy Solutions IPO is approximately ₹14,742 based on the upper price band .
Clean Max Enviro Energy Solutions IPO opens on Feb 23, 2026 and closes on Feb 25, 2026.
The allotment date of Clean Max Enviro Energy Solutions IPO is Feb 26, 2026.
Clean Max Enviro Energy Solutions IPO is expected to be listed on Mar 2, 2026, on BSE and NSE .
Clean Max Enviro Energy Solutions IPO listed on Mar 2, 2026. It was issued at ₹960.0(NSE) and is currently around ₹1361.00 as on 14-May-2026 3:30 PM, which is approximately 29.2% versus issue price. The 52-week high is ₹1,398.60.
Based on listing and post-listing performance, Clean Max Enviro Energy Solutions IPO delivered around 29.2% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.
To buy Clean Max Enviro Energy Solutions IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.
Clean Max Enviro Energy Solutions IPO valuation snapshot: P/E 324.28, EPS ₹3.25/-, P/B 4.20, RoNW 1.09%, and market cap 12,325.29 Cr.
To apply for Clean Max Enviro Energy Solutions IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Clean Max Enviro Energy Solutions IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Clean Max Enviro Energy Solutions IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Clean Max Enviro Energy Solutions IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Clean Max Enviro Energy Solutions IPO allotment status on IPO Ji for quick and easy access.