Clean Max Enviro – IPO

CleanMax Enviro Energy Solutions The IPO is a book build for ₹3,100.00 crores. The offering consists of a fresh issue of 1.14 crore shares totaling ₹1,200.00 crores and an offer to sell 1.80 crore shares totaling ₹1,900.00 crores.

Clean Max Enviro Energy Solutions' initial public offering (IPO) will begin on February 23, 2026 and end on February 25, 2026. The allotment for the Clean Max Enviro Energy Solutions IPO is planned to be completed on February 26, 2026. Clean Max Enviro Energy Solutions' IPO will list on the BSE and NSE, with a tentative listing date of March 2, 2026.

CleanMax Enviro Energy Solutions IPO price band is set at ₹1,000 to ₹1,053 per share. The lot size for an application is 14. Retail investors need to invest at least ₹14,742 (14 shares) based on the higher price. The lot size investment for sNII is 14 lots (196 shares) for ₹2,06,388, while for bNII it is 68 lots (952 shares) worth ₹10,02,456.

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

For more details, see Clean Max Enviro Energy Solutions IPO RHP.

Clean Max Enviro – IPO Details

IPO Date February 23, 2026 to February 25, 2026
Listing Date March 2, 2026
Face Value ₹ 1 / Share
Price Band ₹ 1000 to ₹ 1053 / Share
Lot Size 14 Shares
Total Issue Size 2,94,39,695
(Aggregating up to ₹3,100 Cr)
Fresh Issue 1,13,96,011
(Aggregating up to ₹1,200 Cr)
Offer for Sale 1,80,43,684
(Aggregating up to ₹1,900 Cr)
Employee Discount ₹100.00
Issue Type Bookbuilding IPO
Listing At BSE, NSE
Share holding pre issue 10,56,53,268
Share holding post issue 11,70,49,279
Market Maker portion

Clean Max Enviro Timeline (Tentative Schedule)

Clean Max Enviro IPO opens on February 23, 2026, and closes on February 25, 2026.

IPO Open Date February 23, 2026
IPO Close Date February 25, 2026
Basis of Allotment February 26, 2026
Initiation of Refunds February 27, 2026
Credit of Shares to Demat February 27, 2026
Listing Date March 2, 2026
Cut-off time for UPI mandate confirmation February 25, 2026

Clean Max Enviro IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 14 Rs.14,742
Retail (Max) 13 182 Rs.191,646
S-HNI (Min) 14 196 Rs.206,388
S-HNI (Max) 67 938 Rs.987,714
B-HNI (Min) 68 952 Rs.1,002,456
HNI (Min)

Clean Max Enviro IPO Promoter Holding

Share Holding Pre Issue 10,14,41,820
Share Holding Post Issue 11,28,37,831

Clean Max Enviro IPO Reservation

Investor Category Shares Offered Maximum Allottees
Anchor Investor Shares Offered
Market Maker Shares Offered
Other Shares Offered
QIB Shares Offered Not more than 50% of the Net Offer
NII (HNI) Shares Offered Not less than 15% of the Net Offer
bNII > ₹10L
sNII < ₹10L
Retail Shares Offered Not less than 35% of the Net Offer
Employee Shares Offered
Total Shares Offered

Clean Max Enviro IPO Anchor Investors Details

Bid Date
Shares Offered
Anchor Portion Size (In Cr.)
Anchor lock-in period end date for 50% shares (30 Days)
Anchor lock-in period end date for remaining shares (90 Days)

About Clean Max Enviro

Clean Max Enviro is a major renewable energy provider. In addition, the company has 2.54 GW of operating, owned, and controlled capacity, as well as 2.53 GW of contracted capacity that is currently being executed.

The company's major offerings are renewable energy power sales and renewable energy services. They serve a diverse customer base, including both technology and traditional C&I businesses.

Furthermore, the organization prides itself on efficient and cost-effective project planning, implementation, and management. Clean Max Enviro Energy Solutions Ltd.'s sales increased by 13%, while profit after tax (PAT) increased by 152% between FY 2024 and FY 2025.

Key Performance Indicator

KPI Values
ROE 1.27%
ROCE
Debt/Equity 1.97
RoNW 1.09%
P/BV 4.20
PAT Margin (%)
  Pre IPO Post IPO
EPS (Rs) 1.84 3.25
P/E (x) 634.34 324.28

Objects of the Issue (Clean Max Enviro IPO Objectives)

Clean Max Enviro 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: [email protected]

Website: http://www.cleanmax.com/

Clean Max Enviro IPO Registrar

MUFG Intime India Pvt. Ltd.

Phone: +91-22-4918 6270

Email: [email protected]

Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html

Frequently Asked Questions


What is Clean Max Enviro IPO?
The Clean Max Enviro IPO is classified as an Mainline IPO. The issue price is set between ₹1000 and ₹1053 per equity share. A minimum of 14 shares is required per order. The IPO will be open from February 23, 2026, to February 25, 2026. The shares are proposed to be listed on BSE, NSE.

When does the Clean Max Enviro IPO open and close?
The Clean Max Enviro IPO will be opened on February 23, 2026, and closed on February 25, 2026.

What is the issue size of the Clean Max Enviro IPO?
The size of the Clean Max Enviro IPO is ₹3,100 Crin total. A fresh issue of 1,13,96,011 shares, aggregating up to ₹1,200 Cr, is included.

What is the price band of the Clean Max Enviro Limited IPO?
The price band for the IPO has been set between ₹1000 - ₹1053 per equity share.

What is the allotment date of the Clean Max Enviro IPO?
The share allotment date for the Clean Max Enviro IPO is set for February 26, 2026.

What is the Clean Max Enviro listing date?
The Clean Max Enviro IPO is scheduled to be listed on March 2, 2026.

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