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Allotment

Clean Max Enviro Energy Solutions Limited

The Clean Max Enviro Energy Solutions IPO is a book-built issue aggregating to ₹3,100.00 crore. The offering comprises a fresh issue of 1.14 crore shares worth ₹1,200.00 crore and an offer for sale (OFS) of 1.80 crore shares amounting to ₹1,900.00 crore.

The IPO will open for subscription on February 23, 2026, and close on February 25, 2026. The basis of allotment is expected to be finalized on February 26, 2026. The shares are proposed to be listed on the BSE and the NSE, with a tentative listing date of March 2, 2026.

The price band for the issue has been set at ₹1,000 to ₹1,053 per share. The minimum bid lot is 14 shares.

Retail Investors: Minimum investment of ₹14,742 (14 shares at the upper price band).

sNII (Small Non-Institutional Investors): Minimum of 14 lots (196 shares), amounting to ₹2,06,388.

bNII (Big Non-Institutional Investors): Minimum of 68 lots (952 shares), amounting to ₹10,02,456.

Axis Capital Ltd. is the book-running lead manager to the issue, while MUFG Intime India Pvt. Ltd. serves as the registrar.

Clean Max Enviro Energy Solutions Limited IPO & Charts
₹1053

0%

Open

₹1053

HIgh - Low

₹1053

Previous Close

₹1053

Total Traded Value

0

52 Weeks High

₹1053

52 Weeks Low

₹1053

Updates On

Feb 17, 2026

IPO. Open

Feb 23, 2026

IPO. Close

Feb 25, 2026

IPO. Price

₹1053.00

IPO Market price

₹11,881.82 Cr

IPO Details

IPO Date 2 Mar
IPO Listing Date 2 Mar
IPO Face Value ₹1.00 per share
IPO Price Range ₹1053.00
IPO Issue Size 2,94,39,695 shares
IPO Sale Type Fresh Capital & OFS
Employee Discount ₹100.00
IPO Issue Type Bookbuilding IPO
IPO Listing BSE, NSE Platform
Share Holding Pre Issue 10,14,41,820 shares

IPO Timeline

IPO Open Date 23 Feb
IPO Close Date 25 Feb
IPO Allotment (Tentative) 26 Feb
Refunds 26 Feb
Credit to Demat Account 27 Feb
IPO Listing Date 2 Mar

IPO Reservation

Category Offer
QIB Shares Offered Not more than 50% of the Net Offer
NII (HNI) Shares Offered Not less than 35% of the Net Offer
Retail Shares Offered Not less than 15% of the Net Offer

IPO Lot Size

Investors must place bids for at least 14 shares, and any additional shares must be requested in multiples of 14.

Application Lots Share Amount
Individual investors (Retail) (Min) 1 14 ₹14,742
Individual investors (Retail) (Max) 13 182 ₹1,91,646
S-HNI (Min) 14 196 ₹2,06,388
S-HNI (Max) 67 938 ₹9,87,714
B-HNI (Min) 68 952 ₹10,02,456
About Company

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 2.54 GW of operational, owned, and managed capacity, along with an additional 2.53 GW of contracted capacity under execution.

Key Offerings

The company’s core offerings include:

  • Supply of renewable power
  • Energy services
  • Carbon credit solutions

It serves a diverse customer base comprising technology companies and conventional C&I customers.

Expertise

The company has capabilities across the renewable energy value chain, including:

  • Energy contracting
  • Engineering, procurement, and construction (EPC)
  • Operations and maintenance (O&M) of solar, wind, and hybrid renewable energy plants

Business Segments

1. Renewable Energy Power Sales Segment
Sale of renewable energy to customers under long-term Power Purchase Agreements (PPAs) and Energy Attribute Purchase Agreements (EAPAs).

2. Renewable Energy Services Segment
Provision of turnkey development services, including land acquisition, evacuation infrastructure, EPC services, power evacuation, O&M services throughout the project lifecycle, and carbon services offerings.

Competitive Strengths

  • Comprehensive, customer-centric capabilities
  • Timely and cost-effective project development, execution, and management
  • Disciplined capital allocation and robust risk management practices
-

Company Financials (Consolidated)

Assets 16,945.65 13,279.25 9,076.55
Total Income 969.35 1,610.34 1,425.31
Profit After Tax 19.00 19.43 -37.64
EBITDA 637.85 1,015.07 741.57
Net Worth 2,598.34 2,545.44 1,817.96
Reserves and Surplus - - -
Total Borrowing 10,121.46 7,973.70 5,514.56

Key Performance Indicator (KPI)

ROE 0.43%
ROCE -
Debt/Equity 2.53
RoNW 0.43%
PAT Margin -
EBITDA Margin -
Price to book value 4.11
IPO Objective

IPO Objects of the Issue

S.No. Objects of the ipo Resources Detail IPO Amount
1 Funding capital expenditure requirements for the purchase of equipment/machineries -
2 To meet out the expenses of Working Capital Requirement -
3 To meet out the General Corporate Purposes; -
4 Offer for Sale (OFS) -

Contact Details

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/

Detail Registrar

IPO Registrar

MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: cleanmax.ipo@in.mpms.mufg.com
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html

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