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Clean Max Enviro Energy Solutions Ltd

Clean Max Enviro Energy Solutions Ltd

NSE & BSE · Mainboard IPO
Listed NSE & BSE Mainboard Live Chart
Issue Price
₹1,053
₹1,053
GMP (Grey Market)
+₹1
+0.09%
Est. Listing Price
₹1,054
Based on GMP
Min. Investment
₹14,742
1 lot × 14 shares
Subscribed
1.00x
Over-subscribed
IPO Details
Open Date
23 Feb 2026
Close Date
25 Feb 2026
Allotment
26 Feb 2026
Listing Date
02 Mar 2026
Exchange
NSE & BSE
Price Band
₹1,053
Listing Price
See chart
Allotment Status
Price Band
₹1,053
Per share
Face Value
₹1 per share
 
Lot Size
14 Shares
per lot
Issue Size
2,94,39,695 shares (agg. up to ₹3,100 Cr)
Total offering
Issue Type
Bookbuilding IPO
 
Min Investment
₹14,742
1 lot
Pre-IPO Holding
10,14,41,820 shares
Promoters
Post-IPO Holding
11,28,37,831 shares
Promoters
P/E (Pre)
634.34x
 
P/E (Post)
324.28x
 
EPS (Pre)
₹1.84
 
EPS (Post)
₹3.25
 
UPI Deadline
5:00 PM on 25 Feb 2026
Mandate
GMP
+₹1
+0.09% est.
Anchor AllotmentFri, 20 Feb 2026
Basis of AllotmentThu, 26 Feb 2026
Refund InitiationThu, 26 Feb 2026
Demat CreditFri, 27 Feb 2026
Listing DayMon, 02 Mar 2026
UPI Mandate Deadline5:00 PM on 25 Feb 2026
Sale TypeFresh Capital & OFS
Fresh Issue Shares1,13,96,011 shares (agg. up to ₹1,200 Cr)
Offer for Sale1,80,43,684 shares of ₹1 (agg. up to ₹1,900 Cr)
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
Clean Max Enviro Energy Solutions Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 25 Feb 2026.
QIB
1.00x
Over
NII/HNI
1.00x
Over
Retail
1.00x
Over
Total
1.00x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
QIB
Over 1.00x
NII / HNI
Over 1.00x
Retail
Over 1.00x
Total 1.00x
29,439,696
100% ₹3,100.00
IPO Shares Offered
Clean Max Enviro Energy Solutions Ltd IPO total issue size: ₹3,100.00 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
Total 29,439,696 ₹3,100.00
100.00%
* Based on upper price band ₹1,053 per share
Lot Size & Investment
Lot Size
14
Shares per Lot
Issue Price
₹1,053.00
Upper Band
Min Investment
₹14,742
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)228₹29,484
Retail (Max — 13 Lots)13182₹191,646
S-HNI (Min — 14 Lots)14196₹206,388
B-HNI (Min — 68 Lots)68952₹1,002,456
* Issue Price ₹1,053 × Lot Size 14 shares
IPO Schedule
Anchor
20 Feb 2026
✓ Done
IPO Open
23 Feb 2026
✓ Done
IPO Close
25 Feb 2026
✓ Done
Allotment
26 Feb 2026
✓ Done
Refunds
26 Feb 2026
✓ Done
Demat Credit
27 Feb 2026
✓ Done
Listing Day
02 Mar 2026
✓ Done
Clean Max Enviro Energy Solutions Ltd — Live Price LIVE
₹1,053.00
INR · BSE
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Issue ₹1,053.00 GMP: +₹1 Live Price
About Clean Max Enviro Energy Solutions Ltd
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 OfferingsRenewable Energy Power Sales Segment: Sell renewable energy to customers through long-term Power Purchase Agreements (“PPAs”) and Energy Attribute Purchase Agreements (“EAPAs”). TRenewable Energy Services Segment: Turnkey development services, including land, evacuation infrastructure, EPC services, power evacuation and O&M services for the project lifetime and Carbon Services offering.Competitive StrengthsComprehensive Suite of Customer-Centric CapabilitiesTimely and Cost-Effective Project Development, Execution and Management CapabilitiesEfficient capital allocation and risk management
Objects of the Issue
1
Repayment and/or pre-payment, in part or full, of all or certain outstanding borrowings of our Company and/or certain of our Subsidiaries
2
General corporate purposes
Clean Max Enviro Energy Solutions Ltd Financials (Amount in ₹ Crore)
Revenue from Operations
₹1,425.3
31 Mar 2024
₹1,610.3
31 Mar 2025
₹969.4
30 Sep 2025
Profit After Tax (PAT)
-₹37.6
31 Mar 2024
₹19.4
31 Mar 2025
₹19.0
30 Sep 2025
Particulars30 Sep 202531 Mar 202531 Mar 2024
Revenue from Operations 969.35 1610.34 1425.31
EBITDA 637.85 1015.07 741.57
Profit After Tax (PAT) 19.00 19.43 -37.64
Net Worth 2598.34 2545.44 1817.96
Total Assets 16945.65 13279.25 9076.55
Reserves & Surplus N/A N/A N/A
Borrowings 10121.46 7973.70 5514.56
EBITDA Margin (%) N/A
PAT Margin (%) N/A
P/BV Ratio
4.11
RoE
0.43%
RoNW
0.43%
Debt/Equity
2.53
Issue Structure & Shareholding
Total Shares Offered2,94,39,696 (100.00%)
Net Offer to PublicN/A
Reserved for Market MakerN/A
Pre-Issue Promoter Holding10,14,41,820 shares
Post-Issue Promoter Holding11,28,37,831 shares
P/BV Ratio4.11
RoE0.43%
RoCEN/A
Debt / Equity2.53
Script CodeN/A
Registrar & Lead Managers
Book Running Lead Managers
Axis Capital 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
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Clean Max Enviro Energy Solutions Ltd IPO subscribed?

Clean Max Enviro Energy Solutions Ltd IPO is subscribed 1.00 times by Feb 25, 2026. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor CategorySubscription
Qualified Institutional (QIB)1.00x
Non Institutional (NII/HNI)1.00x
Retail Individual1.00x
Total Subscription1.00x
What is Clean Max Enviro Energy Solutions Ltd IPO retail subscription status?

The Clean Max Enviro Energy Solutions Ltd IPO retail category is subscribed 1.00 times as of 25 Feb 2026. The retail portion is oversubscribed.

How to subscribe Clean Max Enviro Energy Solutions Ltd IPO?

Subscribe via your broker app using ASBA or UPI. Opens 23 Feb 2026 and closes 25 Feb 2026. Min investment: ₹14,742 (1 lot = 14 shares). UPI mandate: 5:00 PM on 25 Feb 2026.

How many times Clean Max Enviro Energy Solutions Ltd IPO subscribed?

The Clean Max Enviro Energy Solutions Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Clean Max Enviro Energy Solutions Ltd IPO allotment?

Check allotment on the registrar website (MUFG Intime India Pvt.Ltd) at https://in.mpms.mufg.com/Initial_Offer/public-issues.html. Enter your PAN, application number or DP/Client ID. Allotment date: 26 Feb 2026. Refunds: on 26 Feb 2026.

When Clean Max Enviro Energy Solutions Ltd IPO will be listed?

The Clean Max Enviro Energy Solutions Ltd IPO listing date is 02 Mar 2026, Monday. Listed on: NSE & BSE. Issue price: ₹1,053. Estimated listing: ₹1,054. GMP: +₹1.

When Clean Max Enviro Energy Solutions Ltd IPO close?

The Clean Max Enviro Energy Solutions Ltd IPO closes on 25 Feb 2026, Wednesday. UPI mandate: 5:00 PM on 25 Feb 2026. Allotment: 26 Feb 2026. Listing: 02 Mar 2026.