The bidding window for Clean Max Enviro Energy's IPO closed yesterday, on February 25, 2026. The allotment process is expected to be finalised today on February 26, 2026, and the tentative listing date is March 02, 2026. The shares will be listed on both NSE and BSE.
Clean Max Enviro Energy Solutions Ltd is a supplier of renewable power to commercial and industrial (C&I) customers in India. It is a renewable energy company that provides energy contracting, engineering, procurement, and construction (EPC), and operation and maintenance (O&M) services for solar, wind, and hybrid power plants.
Clean Max Enviro Energy IPO was a bookbuild issue of ₹3,100 crores and was a combination of fresh issue of 1.14 crore shares aggregating to ₹1,200.00 crores and offer for sale (OFS) of 1.80 crore shares aggregating to ₹1,900.00 crores
[February 25, 2026, end of the day]
On Day 3, Clean Max Enviro Energy IPO saw an overall subscription of 0.99 times. The public issue was subscribed 0.07 times in the Retail Investor Individuals (RIIs) category, 2.99 times in the Qualified Individual Buyer (QIB) category, and 0.57 times in the Non-Institutional Investors (NII) category. It was subscribed 0.11 times in the Employee category.
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As per media reports, the Grey Market Premium (GMP) of Clean Max Enviro Energy Ltd is reported at ₹-17, which is 1.61% lower than the IPO price of ₹1,053.
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Clean Max Enviro Energy Solutions Ltd is a Mumbai-based renewable energy company and among India’s leading providers of clean power for the commercial and industrial (C&I) segment. The company develops, owns, and operates solar, wind, and hybrid energy assets, offering customised solutions such as long-term power purchase agreements, energy management services, and carbon solutions to corporate clients, including technology companies, data centres, and large industrial enterprises.
For the year ended March 31, 2025 (FY25), the company reported revenue of about ₹1,610 crore, compared to nearly ₹1,425 crore in FY24, while profit after tax (PAT) stood at approximately ₹19.4 crore.
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