Clean Max Enviro Energy Solutions Ltd. is set to launch its initial public offering (IPO) next week to raise over Rs 3,000 crore from the primary market.
The company is a leading commercial and industrial renewable energy provider. Ahead of the IPO launch on Feb. 23, the grey market premium (GMP) indicated a potential listing gain of around 0.3% per share.
Investors who want to bid for shares in the IPO must check the following details before making an investment call.
Clean Max Enviro Energy Solutions IPO GMP Today
According to InvestorGain, the GMP for the Clean Max Enviro Energy Solutions IPO stood at Rs 3 on Feb. 20. It indicates a listing price of Rs 1,056 apiece at a premium of 0.28% compared to the upper limit of the IPO price band.
Note: GMP does not represent official data and is based on speculation.
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Clean Max Enviro Energy Solutions IPO: Key Details
The Clean Max Enviro Energy Solutions IPO is a book-building issue of Rs 3,100 crore. It comprises a fresh issue of 1.14 crore shares worth Rs 1,200 crore and an offer-for-sale (OFS) of 1.8 crore shares amounting to Rs 1,900 crore.
To participate in the IPO, retail investors need to bid for a single lot size of 14 shares, requiring an investment of Rs 14,742. Small Non-Institutional Investors (NIIs) need to bid for 14 lots, amounting to an investment of Rs 2,06,388. Big NIIs can participate in the IPO by bidding for a minimum of 68 lots. It will lead to an investment of Rs 10,02,456.
The price band for the IPO has been set between Rs 1,000 and Rs 1,053 per share.
The subscription window for the IPO will remain open from Feb. 23 to Feb. 25. The IPO share allotment status is expected to be finalised on Feb. 26. Refunds to non-allottees will be processed on Feb. 26. The company will transfer shares to the demat accounts of successful bidders on Feb. 27.
Shares of Clean Max Enviro Energy Solutions are tentatively scheduled to be listed on the BSE and NSE on March 2.
Qualified Institutional Buyers (QIBs) will be offered a maximum of 50% of the offer. Retail investors will be allocated a minimum of 35% of the issue and the remaining 15% will be reserved for Non-Institutional Investors.
Axis Capital Ltd. is the book-running lead manager and MUFG Intime India Ltd. is the registrar of the issue.
Use Of Proceeds
The company will use proceeds from the IPO to clear debt and for general corporate purposes.
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About Clean Max Enviro Energy Solutions
Clean Max Enviro is a leading provider of renewable energy solutions for commercial and industrial clients. By the end of July 2025, the company had a portfolio of 2.54 GW in operational assets, with an additional 2.53 GW under development or backed by long-term contractual commitments.
Financials
The company reported a 191.4% year-on-year (YoY) jump in net profit to Rs 19 crore in H1FY26 from Rs 6.52 crore in H1FY25. Total income rose 37.3% YoY to Rs 969.35 crore in H1FY26 from Rs 705.85 crore in H1FY25.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read red herring prospectus thoroughly before placing bids.
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