The bidding window for Clean Max Enviro Energy's IPO will close today, on February 25, 2026, as it enters its third day. It saw an active participation from the QIB category for both Day 1 and Day 2. The company launched its IPO on February 23, 2026, with an issue size of ₹3,100 crores. The allotment date for the IPO has been finalised as 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 IPO - Issue Details

Issue Size: Clean Max Enviro Energy IPO is a bookbuild issue of ₹3,100 crores and is 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
Price Band: ₹1,000 to ₹1,053 per share
Minimum lot size: 14
Minimum investment for retail individual investors (RIIs): ₹14000.
Book-running Lead Managers: Axis Capital Limited, J.P. Morgan India Private Limited, BNP Paribas, HSBC Securities and Capital Markets (India) Private Limited, IIFL Capital Services Limited (Formerly known as IIFL Securities Limited), Nomura Financial Advisory and Securities (India) Private Limited, BOB Capital Markets Limited and SBI Capital Markets Limited
Registrar: MUFG Intime India Private Limited (Formerly Link Intime India Private Limited)

Clean Max Enviro Energy IPO Day 3 Subscription Status

[February 25, 2026, 11:18 A.M.]

On Day 3, Clean Max Enviro Energy IPO saw a subscription of 0.50 times as per NSE data on February 25, 2026, 11:18 am. The public issue was subscribed to 0.05 times by Retail Individual Investors (RIIs), 0.46 times by Non-Institutional Investors (NIIs), 1.35 times by Qualified Institutional Buyers (QIBs), and 0.06 times by Employees.

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Utilisation of IPO Proceeds

The Company will utilise the net proceeds from the fresh issue towards the following purposes:

Repayment and/or pre-payment, in part or in full, of all or certain outstanding borrowings of the Company and/or certain of the Subsidiaries.
General corporate purpose.

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Clean Max Enviro Energy Ltd GMP

As per media reports, the Grey Market Premium (GMP) of Clean Max Enviro Energy Ltd is reported at -₹3, which is 0.28% lower than the IPO price of ₹1,053.

Clean Max Enviro Energy Ltd - Business Overview

Clean Max Enviro Energy Solutions Ltd is a Mumbai-based renewable energy company and one of India’s largest commercial and industrial (C&I) renewable energy providers. It specialises in developing, owning and operating solar, wind and hybrid power assets and providing tailored clean-energy solutions, including long-term power supply contracts, energy services and carbon solutions to corporate clients such as technology firms, data centres and large industrial customers.

Financially, for the year ended March 31, 2025 (FY25), Clean Max Enviro reported revenue of approximately ₹1,610 crore, up from around ₹1,425 crore in FY24, and profit after tax (PAT) of about ₹19.4 crore.

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