Clean Max Enviro Energy IPO Date, Review, Price, Allotment Details IPO
Clean Max Enviro Energy IPO Summary
IPO Open Date: 23 Feb 2026
IPO Close Date: 25 Feb 2026
Price Band: ₹1000 to ₹1053 Per Share
Issue Size: Approx ₹3,100 Crores
Listing Exchange: BSE NSE
Website: http://www.cleanmax.com/
Clean Max Enviro Energy IPO Overview
Clean Max Enviro Energy Solutions IPO is a book build issue of ₹3,100.00 crores. The issue is a combination of fresh issue of 1.14 crore shares aggregating to ₹1,200.00 crores and offer for sale of 1.80 crore shares aggregating to ₹1,900.00 crores.
Clean Max Enviro Energy Solutions IPO opens for subscription on Feb 23, 2026 and closes on Feb 25, 2026. The allotment for the Clean Max Enviro Energy Solutions IPO is expected to be finalized on Feb 26, 2026. Clean Max Enviro Energy Solutions IPO will list on BSE, NSE with a tentative listing date fixed as Mar 2, 2026.
Clean Max Enviro Energy Solutions IPO price band is set at ₹1,000 to ₹1,053 per share. The lot size for an application is 14. The minimum amount of investment required by an retail is ₹14,742 (14 shares) (based on upper price). The lot size investment for sNII is 14 lots (196 shares), amounting to ₹2,06,388, and for bNII, it is 68 lots (952 shares), amounting to ₹10,02,456.
Clean Max Enviro Energy IPO Details
| Company Name | Clean Max Enviro Energy Solutions Ltd |
| IPO Open Date | 23 Feb 2026 |
| IPO Close Date | 25 Feb 2026 |
| Face Value | ₹1 Per Equity Share |
| Price Band | ₹1000 to ₹1053 Per Share |
| Issue Size | Approx ₹3,100 Crores |
| Fresh Issue | Approx ₹1,200 Crores |
| Offer for Sale | Approx 1,80,43,684 Equity Shares |
| Issue Type | Book Built Issue |
| Listing On | BSE, NSE |
Clean Max Enviro Energy IPO Review & Key Points
NeutralClean Max Enviro Energy IPO Market Lot
| Category | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 14 | ₹14,742 |
| Retail Maximum | 13 | 182 | ₹1,91,646 |
| S-HNI Minimum | 14 | 196 | ₹2,06,388 |
| S-HNI Maximum | 67 | 938 | ₹9,87,714 |
| B-HNI Minimum | 68 | 952 | ₹10,02,456 |
Clean Max Enviro Energy IPO Reservation
| Investor Category | Shares Offered | % of Issue |
|---|---|---|
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 50% |
| NII / HNI | – Shares | 15% |
| Retail | – Shares | 35% |
Anchor Bidding Date: 20 Feb 2026
Anchor Issue Size: 921 Cr.
30 Days Lock-in: 28 Mar 2026
90 Days Lock-in: 27 May 2026
Clean Max Enviro Energy IPO Dates & Allotment
The Clean Max Enviro IPO date is February 23, and the close date is February 25. The Clean Max IPO allotment will be finalized on February 2,6 and the IPO listing on March 2.
| IPO Opening Date | 23 Feb 2026 |
| IPO Closing Date | 25 Feb 2026 |
| Bidding Cutoff Time | 5 PM |
| Basis of Allotment | 26 Feb 2026 |
| Refunds Initiation | 27 Feb 2026 |
| Credit to Demat | 27 Feb 2026 |
| IPO Listing Date | 02 Mar 2026 |
Clean Max Enviro Energy IPO Objects of the Issue & Utilization of Proceeds
| Description | Amount |
|---|---|
| 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 |
| General Corporate Purpose | ₹- |
Clean Max Enviro Energy Solutions Ltd Financials
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2023 | ₹960.98 | ₹555.06 | -₹59.47 | ₹7,000.14 |
| 2024 | ₹1,425.31 | ₹683.74 | -₹37.64 | ₹9,076.55 |
| 2025 | ₹1,610.34 | ₹595.27 | ₹19.43 | ₹13,279.25 |
| Sep 2025 | ₹969.35 | ₹331.49 | ₹19.00 | ₹16,945.65 |
Clean Max Enviro Energy IPO Valuation
Check Clean Max Enviro Energy IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Parameter | Value |
|---|---|
| Earnings Per Share (EPS) | ₹2.88 (Basic) |
| P/E Ratio | N/A |
| Return on Equity (ROE) | -% |
| Return on Capital Employed (ROCE) | -% |
| Return on Net Worth (RoNW) | 1.09% |
| Net Asset Value (NAV) | ₹250.93 |
| EBITDA Margin | -% |
| PAT Margin | -% |
| Debt to Equity Ratio | - |
Clean Max Enviro Energy IPO Peer Group Comparison
| Company | EPS | P/E | RoNW % | NAV | Total Income |
|---|---|---|---|---|---|
| ACME Solar Holdings Ltd | 4.55 | 49.46 | 5.59% | 74.54 | 1,405.13 Cr. |
| NTPC Green Energy Ltd | 0.67 | 132.94 | 2.58% | 21.88 | 2,209.64 Cr. |
| Adani Green Energy Limited | 8.37 | 119.14 | 13.48% | 58.63 | 11,212.00 Cr. |
| ReNew Energy Global PLC | 10.92 | 44.84 | 3.39% | 310.40 | 9,751.30 Cr. |
Clean Max Enviro Energy IPO Promoters & Holding Pattern
The promoters of the company are Kuldeep Jain, Pratap Jain, Nidhi Jain, BGTF One Holdings (DIFC) Ltd and Kempinc LLP.
| Particulars | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 10,14,41,820 | 74.89% |
| Promoter Holding Post Issue | 11,28,37,831 | 49.08% |
Clean Max Enviro Energy IPO Lead Managers (Merchant Bankers)
- Axis Capital Limited
- J.P. Morgan India Private Limited
- BNP Paribas
- HSBC Securities and Capital Markets (India) Private Limited
- IIFL Capital Services Limited
- Nomura Financial Advisory and Securities (India) Private Limited
- BOB Capital Markets Limited
- SBI Capital Markets Limited
About Clean Max Enviro Energy Solutions Ltd
Clean Max Enviro Energy Solutions Ltd (CleanMax) is India’s largest renewable energy provider for the commercial and industrial (C&I) sectors. Founded in 2011, the company specializes in providing onsite and offsite renewable energy solutions, including solar, wind, and hybrid power.
Clean Max Enviro Energy Solutions Ltd Address
Mumbai, Maharashtra, 400020Phone: +91 22 6252 000
Email: [email protected]
Clean Max Enviro Energy 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