Clean Max Enviro Energy Solutions
Mainboard₹14,742 / 14 Shares
Clean Max Enviro Energy Solutions IPO Details
The Clean Max Enviro Energy Solutions IPO price band is set between ₹1000-1053 per equity share, with a face value of ₹1 per share. The issue is managed by MUFG Intime India Pvt.Ltd., and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 23 Feb, 2026 and closes on 25 Feb, 2026. Investors can check the allotment status on 26 Feb, 2026, while the listing date is tentatively scheduled for 2 Mar, 2026.
The total issue size is 2,94,39,695 shares, aggregating up to ₹3100 crore. Stay tuned for the latest Clean Max Enviro Energy Solutions IPO review and GMP updates.
Clean Max Enviro Energy Solutions IPO Review, Rating & Analysis
Clean Max Enviro Energy Solutions IPO Review
IgnoreClean Max Enviro Energy Solutions IPO Rating
Clean Max Enviro Energy Solutions IPO Highlights
IPO Date
Feb 23, 2026 - Feb 25, 2026
Listing Date
2 Mar, 2026
Face Value
₹1 Per Equity Share
Price Band
₹1000-1053 per equity share
Lot Size
14 Shares
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE, NSE
Clean Max Enviro Energy Solutions IPO Lot Size
The minimum market lot for Clean Max Enviro Energy Solutions IPO is 14 shares with an application amount of ₹14,742. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 14 | ₹14,742 |
| 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 |
Clean Max Enviro Energy Solutions IPO Timeline
Issue Price
₹1000-1053 per equity shareFace Value
₹1 Per Equity ShareListing at Group
BSE, NSERegistrar
MUFG Intime India Pvt.Ltd.Lead Manager
Axis Capital Pvt.Ltd.JP Morgan India Pvt.Ltd.BNP ParibasHSBC 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.Issue Size
2,94,39,695 shares(aggregating up to ₹3100 crore)Clean Max Enviro Energy Solutions IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 30-Sep-25 | 16945.65 | 969.35 | 19.00 | 2598.34 | - | 10121.46 |
| 31-Mar-25 | 13279.25 | 1610.34 | 19.43 | 2545.44 | - | 7973.70 |
| 31-Mar-24 | 9076.55 | 1425.31 | -37.64 | 1817.96 | - | 5514.56 |
| 31-Mar-23 | 7000.14 | 960.98 | -59.47 | 1209.93 | - | 3843.42 |
In Cr.
Clean Max Enviro Energy Solutions IPO Valuations
EPS Pre IPO
₹/-EPS Post IPO
₹/-PE Pre IPO
-PE Post IPO
-ROE
1.27%ROCE
-Debt Equity
1.97RoNW
1.09%PAT Margin
-Price to Book Value
4.20Clean Max Enviro Energy Solutions Peer Comparison
| Company Name | Revenue | RoNW | PE Ratio | PB Ratio |
|---|---|---|---|---|
| Clean Max Enviro | N/A | 1.09% | N/A | N/A |
| ACME Solar | N/A | 5.59% | 49.4 | 3.03 |
| NTPC Green | N/A | 2.48% | 132.9 | 4.24 |
| Adani Green | N/A | 13.48% | 119.1 | 17.19 |
| ReNew Energy Global | N/A | 3.39% | 44.8 | 1.56 |
Promoters & Share Holding
Promoter(s) Name
- Kuldeep Jain
- Pratap Jain
- Nidhi Jain
- BGTF One Holdings (DIFC) Ltd
- Kempinc LLP
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 74.89% | 49.08% |
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, 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 IPO - Issue Objectives & Utilisation of proceeds
| Objectives | 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 Crores | - |
| General corporate purposes | - |
Company Contact Details
Clean Max Enviro Energy Solutions
4th Floor, The International 16 Maharshi Karve Road, New Marine Lines Cross Road No.1, Churchgate Mumbai, Maharashtra, 400020Registrar Contact Details
MUFG Intime India Private Limited (Link Intime)
Phone: +91-22-4918 6270
Email: cleanmax.ipo@in.mpms.mufg.com
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
Frequently Asked Questions about Clean Max Enviro Energy Solutions IPO
When will Clean Max Enviro Energy Solutions IPO open for subscription?
The Clean Max Enviro Energy Solutions IPO opens on 23 Feb, 2026 and closes on 25 Feb, 2026.
What is the investors portion for Clean Max Enviro Energy Solutions IPO?
The investors' portion for QIB is N/A%, NII is N/A%, and Retail is N/A%.
How to apply for Clean Max Enviro Energy Solutions IPO?
You can apply for Clean Max Enviro Energy Solutions IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Clean Max Enviro Energy Solutions IPO?
The issue size of Clean Max Enviro Energy Solutions IPO is approx ₹2,94,39,695 shares(aggregating up to ₹3100 crore) crores.
What is the price band of Clean Max Enviro Energy Solutions IPO?
The price band for Clean Max Enviro Energy Solutions IPO is ₹1000 to ₹1053 per equity share.
What is the lot size of Clean Max Enviro Energy Solutions IPO?
The minimum bid (lot size) for Clean Max Enviro Energy Solutions IPO is 14 shares with an investment of approx ₹14,742 .
What is the allotment date of Clean Max Enviro Energy Solutions IPO?
The allotment date for Clean Max Enviro Energy Solutions IPO is 26 Feb, 2026.
What is the listing date of Clean Max Enviro Energy Solutions IPO?
The listing date for Clean Max Enviro Energy Solutions IPO is expected to be 2 Mar, 2026.
What is the GMP of Clean Max Enviro Energy Solutions IPO?
The latest Grey Market Premium (GMP) for Clean Max Enviro Energy Solutions IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.