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Clean Max Enviro Energy Solutions Ltd

IPO Details · GMP · Subscription · Financials

✅ Listed NSE & BSE Mainboard Live Chart
Issue Price
₹1,053
Per Share
GMP
+₹1
+0.09% Grey Market
Est. Listing
₹1,054
Expected Price
Min. Application
₹29,484
2 lots × 14 shares
IPO Issue Details
Issue Price / Price Band₹1,053 per share (Fixed Price)
Face Value₹1 Per Share
Lot Size14 Shares per Lot
Total Issue Size2,94,39,695 shares (agg. up to ₹3,100 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital & OFS
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenMon, 23 Feb 2026
Subscription CloseWed, 25 Feb 2026
Anchor AllotmentFri, 20 Feb 2026
Basis of AllotmentThu, 26 Feb 2026
Initiation of RefundsThu, 26 Feb 2026
Credit of Shares to DematFri, 27 Feb 2026
Listing DateMon, 02 Mar 2026
UPI Mandate Deadline5:00 PM on 25 Feb 2026 (Day 3)
Application & Investment Details
Retail — Min (1 Lots)₹14,742 — 14 shares
Retail — Max (13 Lots)₹191,646 (13 Lots)
HNI — Min (3 Lots)₹44,226 — 42 shares
EPS (Pre-IPO)₹1.84
EPS (Post-IPO)₹3.25
P/E Ratio (Pre-IPO)634.34x
P/E Ratio (Post-IPO)324.28x
Pre-IPO Promoter Holding10,14,41,820 shares
Post-IPO Promoter Holding11,28,37,831 shares
Fresh Issue Shares1,13,96,011 shares (agg. up to ₹1,200 Cr)
Offer for Sale Shares1,80,43,684 shares of ₹1 (agg. up to ₹1,900 Cr)
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

Clean Max Enviro Energy Solutions Ltd proposes to utilise the net proceeds from the Issue for the following objects:

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
1,122.67
2
General corporate purposes
Shareholding & Lock-in
Pre-IPO Promoter Holding 10,14,41,820 shares
Post-IPO Promoter Holding 11,28,37,831 shares
Lock-in Period (30%)Sat, Mar 28, 2026
Lock-in Period (50%)Wed, May 27, 2026
Check AllotmentCheck Status →
Clean Max Enviro Energy Solutions Ltd — Live Price LIVE
₹1,053.00
INR · BSE
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Issue ₹1,053.00 GMP: +₹1 (+0.09%) Live Price
Quick Facts
GMP Signal🟢 Positive
StatusListed
Issue Price₹1,053
GMP+₹1
Est. Listing₹1,054
Lot Size14 shares
Min Amount₹29,484
Listing Date02 Mar 2026
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹1,053
Listing Date02 Mar 2026
Listing Price
Listing Gain/Loss—%
52-Week High
52-Week Low
Issue Structure & Reservation
Category Shares Offered % Issue Amount (₹ Cr)* Subscription
TOTAL 29,439,696 100.00% ₹3,100.00 Cr
* Based on ₹1,053.00 (upper price band)
Lot Size & Investment Details
Lot Size
14
Shares
Issue Price
₹1,053.00
Per Share
Min Investment
₹14,742
1 Lot
Category Lots Shares Amount (₹)
Retail (Min) 1 14 ₹14,742
Retail (Max) 13 182 ₹191,646
sNII (Min) 14 196 ₹206,388
bNII (Min) 68 952 ₹1,002,456
Company Financials — Restated Consolidated (Amount in ₹ Crore)
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
Total Borrowings 10121.46 7973.70 5514.56
Key Ratios & Valuation
Issue Price ₹1,053
Face Value ₹1 Per Share
P/BV 4.11
RoE 0.43%
RoCE N/A
RoNW 0.43%
PAT Margin (%) N/A
EBITDA Margin (%) N/A
Debt / Equity 2.53
Company Details
Company
Clean Max Enviro Energy Solutions Ltd
Exchange
NSE & BSE
IPO Type
Mainboard IPO
Issue Type
Bookbuilding IPO
Face Value
₹1 Per Share
Script Code
N/A
Address
4th Floor, The International 16 Maharshi Karve Road, New Marine Lines Cross Road No.1, Churchgate Mumbai, Maharashtra, 400020
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