Clean Max Enviro Energy Shares Make Weak Debut on Stock Market, List at 8.83% Discount
Clean Max Enviro Energy Solutions Ltd, which launched its Initial Public Offering (IPO) on February 23, 2026 made its debut on Dalal Street today on March 02, 2026. The shares of Clean Max Enviro Energy made a weak debut, listing at discount at both NSE and BSE.
The shares opened at ₹952 on the BSE, marking a discount of 9.57% over the IPO upper price band of ₹1,053. On NSE, the shares of Clean Max Enviro Energy opened at ₹960, marking a discount of 8.83%.
Clean Max Enviro Energy IPO - Issue Details
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
- 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)
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Clean Max Enviro Energy IPO Overall Subscription Status
[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 to 0.07 times in the Retail Individual Investors (RIIs) category, 2.99 times in the Qualified Institutional Buyers (QIBs) category, and 0.57 times in the Non-Institutional Investors (NII) category. It was subscribed to 0.11 times in the Employee category.
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Clean Max Enviro Energy Ltd - Business Overview
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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