Clean Max Enviro Energy Solutions IPO Details, Dates, Price Band, Financials & Review

Clean Max Enviro Energy Solutions IPO is a book-built issue worth ₹3,100.00 crores, consisting of a fresh issue of ₹1,200.00 crores and an offer for sale of ₹1,900.00 crores. The IPO opens on February 23, 2026, and closes on February 25, 2026, with tentative listing on BSE and NSE on March 2, 2026.
The IPO is priced in the range of ₹1,000 to ₹1,053 per share, with a minimum investment of ₹14,742 for retail investors. Clean Max Enviro Energy Solutions Ltd. operates in the renewable energy segment, providing power and energy solutions to commercial and industrial customers.
Let us understand the Clean Max Enviro Energy Solutions IPO in detail.

Clean Max Enviro Energy Solutions IPO – Key Details

The following are some of the important and key details about the IPO.

Clean Max Enviro Energy Solutions IPO Timeline

The following table explains the tentative IPO schedule.

Clean Max Enviro Energy Solutions IPO Lot Size & Investment

The following table shows the minimum and maximum investment required.

About Clean Max Enviro Energy Solutions Ltd. – Business Operations

Clean Max Enviro Energy Solutions Ltd. is a renewable energy provider focused on the commercial and industrial (“C&I”) segment. As of March 31, 2025, the company is India’s largest C&I renewable energy provider according to the CRISIL Report.
As of July 31, 2025, the company has 2.54 GW of operational, owned, and managed capacity, along with an additional 2.53 GW of contracted capacity under execution.

Its offerings include renewable power supply, energy services, and carbon credit solutions, catering to technology customers as well as conventional C&I customers.

The company’s expertise spans across:

• Energy contracting
• Engineering, procurement, and construction (EPC)
• Operation and maintenance (O&M) of renewable energy plants
• Solar, wind, and hybrid renewable projects

Business Offerings

The following are the core business offerings of Clean Max Enviro Energy Solutions.

Renewable Energy Power Sales Segment

This includes renewable energy power sales segments like:

• Sale of renewable power through long-term Power Purchase Agreements (PPAs)
• Energy Attribute Purchase Agreements (EAPAs)

Renewable Energy Services Segment

This includes renewable energy services segments like:

• Turnkey renewable project development
• Land and evacuation infrastructure
• EPC services
• Power evacuation solutions
• O&M services
• Carbon services offerings

Competitive Strengths

The following are the key strengths of the company:

• Comprehensive suite of customer-centric capabilities
• Timely and cost-effective project development and execution
• Project management capabilities
• Efficient capital allocation
• Risk management framework

Clean Max Enviro Energy Solutions – Financial Performance

The following table shows restated consolidated financials:

Key Performance Indicators (KPI)

Objects of the Issue

The following explains how IPO proceeds will be used:

Valuation Snapshot

Market Capitalisation: ₹11,881.82 Cr
Promoter Holding: 74.89% (Pre-IPO) → 49.08% (Post-IPO)

IPO Reservation

Promoters

The promoters of the company are:

• Kuldeep Jain
• Pratap Jain
• Nidhi Jain
• BGTF One Holdings (DIFC) Ltd
• Kempinc LLP

Summary

Clean Max Enviro Energy Solutions Ltd. operates in the commercial and industrial renewable energy segment, providing power supply and energy services through long-term contracting structures. The company also offers EPC, O&M, and carbon credit solutions across solar, wind, and hybrid projects.
The company has developed renewable capacity assets and contracted capacity under execution while serving a diversified C&I customer base. IPO proceeds are proposed to be utilized primarily toward repayment or prepayment of borrowings.

Also, we have a dedicated article on upcoming IPOs in february 2026, wherein you can check all the IPOs that were launched in february 2026.

Disclaimer

This content is for informational and educational purposes only and does not constitute investment advice. UnlistedKraft is not responsible for any losses arising from investment decisions based on this content. Readers should conduct their own research and consult qualified professionals before investing. IPO is expected to list on Mar 2, 2026, on BSE and NSE.

Frequently Asked Questions

What is the Clean Max Enviro Energy Solutions IPO?

Clean Max Enviro Energy Solutions IPO is a main-board IPO of ₹3,100.00 crore comprising fresh issue and offer for sale, priced at ₹1,000–₹1,053 per share.

When does the Clean Max Enviro Energy Solutions IPO open?

The IPO opens on February 23, 2026, and closes on February 25, 2026.

What is the lot size of the Clean Max Enviro Energy Solutions IPO?

The minimum lot size is 14 shares.

When is Clean Max Enviro Energy Solutions IPO allotment?

The allotment is expected to be finalized on February 26, 2026.

When is Clean Max Enviro Energy Solutions IPO listing date?

The tentative listing date is March 2, 2026.

Who is the registrar of the Clean Max Enviro Energy Solutions IPO?

MUFG Intime India Pvt. Ltd. is the registrar of the issue.

Author: Diwakar Singh

Diwakar Kumar Singh is a BFSI specialist and finance writer with over 7 years of hands-on experience in financial research, content creation, and analysis.

 

A Gold Medalist in MBA (Marketing) from IMT, he combines deep analytical skills with practical insights gained from evaluating companies, IPOs, unlisted shares, financial ratios, and investment opportunities. Diwakar has personally analysed hundreds of financial instruments and market scenarios, which he uses to break down complex topics into clear, actionable advice.

He has authored numerous in-depth finance articles, published multiple books internationally, and contributed to research publications. His work focuses on helping everyday investors and readers make better-informed financial decisions through well-researched, evidence-based explanations that are always grounded in real-world application rather than theory alone.