Clean Max Enviro Energy IPO GMP, Price, Date, Allotment & Subscription Status

Clean Max Enviro Energy Solutions is gearing up to enter the primary market with a substantial IPO of ₹3,100 crore. The issue comprises a fresh issue of ₹1,200 crore (1.14 crore shares) to raise capital for the company, along with an offer for sale (OFS) of ₹1,900 crore (1.80 crore shares) by existing shareholders.

Clean Max Enviro IPO GMP States at ₹3 as of today, 23 February 2026

What is Clean Max Enviro Energy Solutions IPO?

Clean Max Enviro Energy Solutions is launching a ₹3,100 crore IPO, comprising a ₹1,200 crore fresh issue and a ₹1,900 crore offer for sale by existing shareholders.

• Issue Size: ₹3,100 Cr
• Listing Exchanges: BSE & NSE
• Lead Managers: Axis Capital Ltd
• Registrar: MUFG Intime India Pvt.Ltd

Clean Max Enviro Energy Solutions IPO Key Timeline

Clean Max Enviro Key IPO Details

• IPO Open Date: February 23, 2026.
• IPO Close Date: February 25, 2026.
• Issue Size: ₹3,100 Crores.
• Fresh Issue: ₹1,200 Crores.
• Offer for Sale: ₹1,900 Crores.
• Face Value: ₹1 per equity share.
• Price Band: ₹1,000 to ₹1,053 per share.
• Lot Size: 14 shares.
• Employee Discount: ₹100.00
• Minimum Investment (Retail): ₹14,742 (1 Lot)
• Minimum Investment (sHNI): ₹2,06,388 (14 Lots)
• Minimum Investment (bHNI): ₹10,02,456 (68 Lots)
• IPO Reservation:
  • Qualified Institutional Buyers (QIB): Not more than 50%
  • Non-Institutional Investors (NII): Not less than 15% 
  • Retail Investors: Not less than 35%
• UPI Mandate Confirmation Cut-off: February 25, 2026, 5:00 PM

Clean Max Enviro IPO GMP Today

GMP trends as of February 24, 2026 indicate a mild premium of around ₹3 per share for Clean Max Enviro Energy Solutions, pointing to an expected listing close to ₹1,056 indicates a gain of 0.28% over the upper price band of ₹1,053.

Clean Max Enviro IPO Subscription Status

Check the latest Clean Max Enviro IPO subscription status below:

Clean Max Enviro IPO Objectives

• Funding capital expenditure for renewable energy projects
• Repayment or prepayment of certain borrowings
• Investment in subsidiaries and project SPVs
• General corporate purposes

About Clean Max Enviro Energy Solutions

Clean Max Enviro Energy Solutions is a leading Indian renewable energy company focused on providing clean energy solutions to corporate and industrial clients and known for enabling corporates to transition to renewable energy under long-term Power Purchase Agreements (PPAs).

• Incorporation: 2011
• Headquarters: Mumbai, Maharashtra, India
• Business Model: Build-own-operate renewable energy assets
• Core Products: 
  Solar rooftop projects
  Ground-mounted solar plants
  Wind-solar hybrid projects
  Open access renewable power solutions

Clean Max Enviro Business Overview

• Core Focus: Renewable energy generation for C&I (Commercial & Industrial) customers
• Operational Portfolio: Solar and wind assets across multiple Indian states
• Clients: Large multinational corporations and Indian industrial players
• ESG Focus: Supports decarbonization and sustainability targets of corporate clients

The company operates under asset-light and SPV-based project structures.

Clean Max Enviro Key Highlights

• Strong presence in the C&I renewable energy segment
• Long-term PPAs ensuring predictable cash flows
• Diversified renewable energy portfolio
• Growing demand for green energy from corporates
• Strategic positioning in India’s energy transition

Strengths and Challenges of Clean Max Enviro

Strengths:

• Long-term contracted revenues through PPAs
• ESG-driven business model aligned with sustainability goals
• Experienced management team
• Growing renewable energy market in India

Challenges:

• Capital-intensive business model
• Dependence on regulatory approvals and state policies
• Counterparty credit risk from corporate clients
• Interest rate and financing risks

Clean Max Enviro Financial Performance

How to Apply for Clean Max Enviro IPO?

Investors can apply via ASBA (online/offline) or UPI.

Online ASBA/UPI:

1. Log in to your registered stockbroker’s App or Website.
2. Go through to the IPO section.
3. Select “Clean Max Enviro IPO”.
4. Enter bid details (lots, price, UPI ID if applicable).
5. Submit and confirm the mandate before 5 PM on 25 February. 2026.

Offline:

• Obtain the IPO form from your broker.
• Fill in the required details.
• Submit it to your broker or bank.

Clean Max Enviro IPO Allotment Status

The IPO allotment status will be available on the registrar MUFG Intime India Pvt.Ltd website after finalisation of the basis of allotment on 26 February, 2026.

Steps to check:

1. Visit the registrar MUFG Intime India Private Limited official website.
2. Select “Clean Max Enviro IPO” from the dropdown.
3. Enter PAN, application number, or DP/Client ID.
4. Click “Search” to view your allotment status.

Applied IPO allotment status can also be checked on the websites of BSE Limited and the National Stock Exchange of India and also the registrar sends the update via Email or Sms.

Clean Max Enviro IPO Contact Details

Company:

• Name: Clean Max Enviro Energy Solutions
• Address: 4th Floor, The International 16 Maharshi Karve Road, New Marine Lines Cross Road No.1, Churchgate Mumbai -400 020 Maharashtra, India.
• Email: secretarial@cleanmax.com
• Telephone: +91 22 6252 0000

Registrar:

• Name: MUFG Intime India Private Limited
• Contact Person: Shanti Gopalkrishnan
• Tel: +91 810 811 4949
• E-mail: cleanmax.ipo@in.mpms.mufg.com

Lead Managers:

• Name: Axis Capital Limited
• Contact Person: Harish Patel/Gaurav Goyal
• Tel: +91 22 4325 2183
• E-mail: cleanmax.ipo@axiscap.in

Conclusion

The Clean Max Enviro IPO offers investors an opportunity to participate in India’s fast-growing renewable energy sector. With strong corporate demand for green power and a long-term PPA-driven model, the company is well-positioned in the energy transition space.

Disclaimer: The information provided above is for educational purposes only and should not be considered investment advice. Investors are advised to conduct their own research and consult SEBI-registered financial advisors before making any investment decisions. Grey Market Premium (GMP) is unofficial and subject to volatility.

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