Clean Max Enviro Energy Solutions Limited
ListedMainboardEnergy & 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
₹35
-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 4 months ago
Overall Subscription
0.99x
Total Demand
QIB Multiplier
2.99x
Institutions & Funds
NII / HNI
0.57x
High Net-Worth
Retail (RII)
0.07x
Individual Bidders
Category-Wise Subscription Breakup
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 5,816,014 | 17,374,756 | 2.99x |
| NIB | 4,368,735 | 2,476,152 | 0.57x |
| HNIs(10L +) | 2,912,490 | 2,376,304 | 0.82x |
| HNIs (2-10L) | 1,456,245 | 99,848 | 0.07x |
| RETAIL | 10,193,715 | 683,844 | 0.07x |
| EMPLOYEES | 314,795 | 35,182 | 0.11x |
| Total | 25,061,994 | 23,046,086 | 0.99x |
Application-Wise Breakup
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| RETAIL | 728,123 | 35,344 | 0.05x |
| EMPLOYEES | — | 1,114 | 0.00x |
| HNIs(10L +) | 14,860 | 108 | 0.01x |
| HNIs (2-10L) | 7,430 | 399 | 0.05x |
| Total Applications | 750,413 | 36,965 | 0.05x |
Day-Wise Subscription Progress
About Clean Max Enviro Energy Solutions Limited Public Issue & Market Profile
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.
Bidding & Quota Instructions:
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.
Allotment Reconciliation Schedule:
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.
Frequently Asked Questions
What is the issue size and price band for Clean Max Enviro Energy Solutions Limited IPO?
The Clean Max Enviro Energy Solutions Limited IPO aggregate issue size is ₹2,94,39,696 Crores with an equity price band set at ₹1000 to ₹1053 per equity share. The retail lot size is 14 shares requiring a minimum capital outlay of approx. ₹14,742.
How can I check Clean Max Enviro Energy Solutions Limited IPO live subscription demand?
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. You can track QIB, NII/HNI, and Retail category multiples directly on our dedicated live subscription page.
Where will Clean Max Enviro Energy Solutions Limited IPO allotment status be published?
The basis of allotment will be published on the official registrar portal (Link Intime India Private Limited) and the BSE status verification website on or around 2026-02-26.