Clean Max Enviro Energy Solutions Ltd. a major player in the green energy sector is launching its much-anticipated Initial Public Offering (IPO) in late February 2026.
If you are looking to diversify your portfolio with renewable energy stocks, here is everything you need to know about the Clean Max IPO, from key dates to financial health.
Important IPO Dates to Remember
The Clean Max Enviro IPO timeline is fast-paced. Make sure to mark these dates on your calendar:
- IPO Opens: February 23, 2026
- IPO Closes: February 25, 2026
- Basis of Allotment: February 26, 2026
- Listing Date (BSE & NSE): March 2, 2026
Clean Max IPO Offer Details
This Book Built Issue aims to raise approximately ₹3,100 crores from the market.
- Price Band: ₹1,000 to ₹1,053 per share
- Face Value: ₹1 per equity share
- Fresh Issue: ₹1,200 crores
- Offer for Sale (OFS): Up to 1,80,43,684 equity shares
- Investor Quotas: Qualified Institutional Buyers (QIB) get 50%, Retail Investors get 35%, and High Net-worth Individuals (HNI) get 15%.
About the Company: What Does Clean Max Enviro Do?
Clean Max Enviro is a powerhouse in the renewable energy space. The company specializes in two primary areas: the Renewable Energy Power Sales segment and the Renewable Energy Services segment.
They provide green energy solutions to a diverse clientele, including top-tier technology firms and traditional Commercial & Industrial (C&I) businesses.
Key Business Strengths:
- Massive Capacity: The company boasts 2.54 GW of operational, owned, and managed energy capacity. They also have a robust pipeline with an additional 2.53 GW of contracted capacity currently under execution.
- Operational Excellence: Their core strength lies in highly efficient and cost-effective project development, execution, and ongoing management.
Financial Performance: A Remarkable Turnaround
Before investing in any IPO, looking at the books is crucial. Clean Max Enviro has shown a fantastic financial turnaround between FY 2024 and FY 2025.
- Revenue Growth: Total revenue increased by 13%, growing from ₹1,425.31 crores in 2024 to ₹1,610.34 crores in 2025.
- Profitability Jump: The company successfully pivoted from a net loss of ₹37.64 crores in 2024 to a net profit of ₹19.43 crores in 2025. This represents a massive 152% surge in Profit After Tax (PAT).
Clean Max Enviro Energy IPO Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹960.98 | ₹555.06 | ₹59.47 | ₹7,000.14 |
| 2024 | ₹1,425.31 | ₹683.74 | ₹37.64 | ₹9,076.55 |
| 2025 | ₹1,610.34 | ₹595.27 | ₹19.43 | ₹13,279.25 |
| Sep 2025 | ₹969.35 | ₹331.49 | ₹19.00 | ₹16,945.65 |
Promoters and Holding Pattern
The promoters of the company are Kuldeep Jain, Pratap Jain, Nidhi Jain, BGTF One Holdings (DIFC) Ltd, and Kempinc LLP.
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 10,14,41,820 | 74.89% |
| Promoter Holding Post Issue | 11,28,37,831 | 49.08% |
Clean Max Enviro Energy IPO Market Lot
The Clean Max IPO minimum market lot is 14 shares, with an application amount of ₹14,742. The retail investors can apply up-to 13 lots with 182 shares of ₹1,91,646 amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 14 | ₹14,742 |
| Retail Maximum | 13 | 182 | ₹1,91,646 |
| S-HNI Minimum | 14 | 196 | ₹2,06,388 |
| S-HNI Maximum | 67 | 938 | ₹9,87,714 |
| B-HNI Minimum | 68 | 952 | ₹10,02,456 |
Clean Max Enviro Energy IPO GMP Live Rates day by day with Kostak rates.
| Date | IPO GMP | GMP Trend | Gain |
| 18 Feb | ₹9 |  | 0.85% |
| 17 Feb | ₹19 |  | 1.80% |
| 16 Feb | ₹- | – | -% |
| 14 Feb | ₹- | – | -% |
| 13 Feb | ₹18 | | 1.71% |
| 12 Feb | ₹- | – | -% |
Clean Max Enviro Energy IPO Details
| IPO Open Date | February 23, 2026 |
| IPO Close Date | February 25, 2026 |
| Face Value | ₹1 Per Equity Share |
| IPO Price Band | ₹1000 to ₹1053 Per Share |
| Issue Size | Approx ₹3,100 Crores |
| Fresh Issue | Approx ₹1,200 Crores |
| Offer for Sale: | Approx 1,80,43,684 Equity Shares |
| Issue Type | Book Built Issue |
| IPO Listing | BSE, NSE |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| ACME Solar Holdings Ltd | 4.55 | 49.46 | 5.59% | 74.54 | 1,405.13 Cr. |
| NTPC Green Energy Ltd | 0.67 | 132.94 | 2.58% | 21.88 | 2,209.64 Cr. |
| Adani Green Energy Limited | 8.37 | 119.14 | 13.48% | 58.63 | 11,212.00 Cr. |
| ReNew Energy Global PLC$ | 10.92 | 44.84 | 3.39% | 310.40 | 9,751.30 Cr. |
Final Verdict: Should You Invest?
Clean Max Enviro Energy is showing excellent growth momentum, backed by strong execution skills and a massive turnaround in profitability. Considering the company’s solid financials and the aggressive expansion in its energy capacity, market experts suggest that investors should apply for this IPO with a long-term perspective.