
Energy & Renewables · NSE / BSE
Clean Max Enviro is India’s largest commercial and industrial renewable energy provider, with 2.54 GW of operational, owned, and managed capacity as of July 31, 2025, and an additional 2.53 GW of contracted capacity under execution. The company supplies renewable power, provides energy services, and offers carbon credit solutions, serving both technology and conventional commercial and industrial customers. Its expertise spans energy contracting, engineering, procurement, and construction (EPC), as well as operation and maintenance (O&M) of solar, wind, and hybrid renewable energy plants. Clean Max Enviro operates through two key business segments: renewable energy power sales, delivering power via long-term Power Purchase Agreements (PPAs) and Energy Attribute Purchase Agreements (EAPAs), and renewable energy services, providing turnkey development including land acquisition, infrastructure, EPC, power evacuation, O&M, and carbon services for the lifetime of projects.
Price Band
₹1000 – ₹1053
Issue Size
₹2943.97 L Cr
Lot Size
14 shares
GMP
-3.3%
Est. Listing
₹1018
at current GMP
Subscribed
0.99x
overall
Open
23 Feb 2026
Close
25 Feb 2026
Allotment
26 Feb 2026
Refund
27 Feb 2026
Demat Credit
28 Feb 2026
Listing
2 Mar 2026
Last updated: 20 May 2026
Current Premium
Issue Price (Upper)
₹1053
Band: ₹1000 – ₹1053
Estimated Listing Price
₹1018
Upper price + GMP
Lot Size
14 shares
Min investment ₹14,742
Estimated Profit / Lot
₹0
14 × ₹-35
Grey Market Premium trend
-₹35
▲ 0 today
Updated 1 minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 27 Sep 2026 | -₹35 | -3.3% | ₹1018 |
| 26 Sep 2026 | -₹35 | -3.3% | ₹1018 |
| 25 Sep 2026 | — | -3.0% | ₹1022 |
GMP is unofficial market data. Not a guarantee of listing performance.
Clean Max Enviro Energy Solutions Limited is bringing an initial public offering (IPO) in the Energy & Renewables sector with an aggregate issue size of ₹2,94,39,696 Crores. The shares are offered at a price band of ₹1000 to ₹1053 per equity share on NSE and BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2026-02-25, the basis of allotment is scheduled to be finalized on 2026-02-26. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Link Intime India Private Limited) or the BSE allotment checking window.
The latest grey market premium for Clean Max Enviro Energy Solutions Limited IPO is ₹-35, which indicates an expected listing price of ₹1018.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.