CLEANMAX
Clean Max Enviro Energy Solutions IPO, a Mainboard IPO has closed for subscription. The price band is set between ₹1,000 –1,053 , with a face value of ₹1 . Retail investors can apply with a minimum of 1 lot, each comprising 14 shares — amounting to ₹14,742 at the upper price. The listing date on the exchange (NSE,BSE) is March 2, 2026.
The Clean Max Enviro Energy Solutions IPO subscription has closed. Investors who applied for shares can now check their IPO allotment status online. The basis of allotment for Clean Max Enviro Energy Solutions IPO has been finalized, and you can verify whether you have been allotted shares by checking the registrar's website using your PAN number, application number, or DP ID. If you have been allotted shares, they will be credited to your demat account before the listing date. If not allotted, the refund amount will be processed to your bank account as per the timeline.
Clean Max Enviro Energy Solutions IPO MAINBOARD Important Dates
Get important updates regarding Clean Max Enviro Energy Solutions IPO MAINBOARD tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates. Dates are updated as soon as they are announced.
Open Date
Feb 23
Close Date
Feb 25
Allotment
Feb 26
Listing
Mar 02
Issue Size
29,439,695 shares
(aggregating up to ₹3,100.00 Cr)
Issue Price
₹1,000 – ₹1,053
Face Value
₹1/share
Market Lot
14 shares
Retail Min Investment
₹14,742
Listing At
NSE,BSE
Sale Type
both
Fresh Issue
11,396,011 shares
(aggregating up to ₹1,200 Cr)
Offer for Sale
18,043,684 shares
(aggregating up to ₹1,900 Cr)
Issue Type
book building
Last updated: 16 hours ago
| Date | IPO Issue Price (₹) | GMP (₹) | Est. Listing Price (₹) | Est. Profit Amount (₹) | Est. Profit % | Last Updated |
|---|---|---|---|---|---|---|
| 27 Feb 2026 Latest | ₹1,053 | ₹-12 | ₹1,041 | ₹-12 |
-1.14%
|
2:56 PM |
| 26 Feb 2026 | ₹1,053 | ₹-11 | ₹1,042 | ₹-11 |
-1.04%
|
1:40 PM |
| 25 Feb 2026 | ₹1,053 | ₹-17 | ₹1,036 | ₹-17 |
-1.61%
|
4:40 PM |
| 24 Feb 2026 | ₹1,053 | ₹-3 | ₹1,050 | ₹-3 |
-0.28%
|
4:44 PM |
| 23 Feb 2026 | ₹1,053 | ₹1 | ₹1,054 | ₹1 |
0.09%
|
5:13 PM |
| 22 Feb 2026 | ₹1,053 | ₹4 | ₹1,057 | ₹4 |
0.38%
|
11:12 AM |
| 21 Feb 2026 | ₹1,053 | ₹4 | ₹1,057 | ₹4 |
0.38%
|
3:15 PM |
| 20 Feb 2026 | ₹1,053 | ₹3 | ₹1,056 | ₹3 |
0.28%
|
1:24 PM |
| 19 Feb 2026 | ₹1,053 | ₹3 | ₹1,056 | ₹3 |
0.28%
|
12:17 PM |
| 18 Feb 2026 | ₹1,053 | ₹9 | ₹1,062 | ₹9 |
0.85%
|
5:42 PM |
| 17 Feb 2026 | ₹1,053 | ₹14 | ₹1,067 | ₹14 |
1.33%
|
6:37 PM |
| 16 Feb 2026 | ₹1,053 | ₹0 | ₹1,053 | ₹0 |
0%
|
6:11 PM |
| 15 Feb 2026 | ₹1,053 | ₹0 | ₹1,053 | ₹0 |
0%
|
5:15 PM |
| 14 Feb 2026 | ₹1,053 | ₹0 | ₹1,053 | ₹0 |
0%
|
6:33 PM |
| 13 Feb 2026 | ₹1,053 | ₹0 | ₹1,053 | ₹0 |
0%
|
7:00 PM |
| 12 Feb 2026 | ₹1,053 | ₹0 | ₹1,053 | ₹0 |
0%
|
6:00 PM |
| 11 Feb 2026 | ₹1,053 | ₹0 | ₹1,053 | ₹0 |
0%
|
4:44 PM |
Latest snapshot: Feb 25, 2026
| Category | Subscribed (x) |
|---|---|
| QIB | 2.99x |
| NII | 0.57x |
| bNII (bids above ₹10L) | 0.82x |
| sNII (bids below ₹10L) | 0.07x |
| Retail Investors | 0.07x |
| Employees | 0.11x |
| Total | 0.99x |
Kuldeep Jain, Pratap Jain, Nidhi Jain, BGTF One Holdings (DIFC) Ltd and Kempinc LLP are the company promoters.
IPO investment limits, also referred to as application limits or bidding limits, define the minimum and maximum number of shares, lots, and investment amount that investors can apply for in an IPO based on their category (Retail, HNI, or Institutional). These limits are calculated as per SEBI guidelines and help ensure fair distribution of shares. Retail investors typically have lower minimum and maximum limits compared to High Net Worth Individuals (HNI) and Non-Institutional Investors (NII). Understanding IPO application limits is essential for investors to determine how much they can invest, calculate the number of lots they can apply for, and plan their investment strategy accordingly. The investment limits table shows the lot size, number of shares, and total amount in rupees for each investor category.
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 14 | ₹14,742 |
| Retail (Max) | 13 | 182 | ₹191,646 |
| S-HNI (Min) | 14 | 196 | ₹206,388 |
| S-HNI (Max) | 67 | 938 | ₹987,714 |
| B-HNI (Min) | 68 | 952 | ₹1,002,456 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Employee + RII/NII |
|
Yes |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion |
No |
| Only employee | Up to Rs 2 Lakhs |
Yes |
| Only RII | Up to Rs 2 Lakhs |
Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs |
No |
Clean Max Enviro Energy Solutions is India’s largest renewable energy provider specifically for commercial and industrial (C&I) customers. Founded in 2010, the company helps large businesses go "Net Zero" by providing solar, wind, and hybrid power through long-term contracts. They manage the entire process, from setting up the power plants to maintaining them, across India, UAE, and Thailand.
Strengths:
Growth:
| Particulars | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Total Revenue | 960.98 | 1,425.31 | 1,610.34 |
| Profit After Tax (PAT) | -59.47 | -37.64 | 19.43 |
| EBITDA | 405.92 | 741.57 | 1,015.07 |
| Assets | 7,000.14 | 9,076.55 | 13,279.25 |
| Net Worth | 1,439.2 | 2,178.04 | 3,054 |
| Reserves & Surplus | 1,177.32 | 1,781.72 | 2,465.25 |
| Total Borrowing | 3,843.42 | 5,514.56 | 7,973.7 |
The Clean Max Enviro Energy Solutions IPO is expected to open in February, 2026, subject to SEBI approval. Final dates will be updated once announced officially.
The price band for Clean Max Enviro Energy Solutions IPO is ₹1,000.00 - ₹1,053.00 per share.
As per market sources, Clean Max Enviro Energy Solutions IPO GMP is currently ₹-12.00. GMP is tracked daily in the grey market. GMP indicates unofficial demand but does not guarantee listing gains.
The subscription status for Clean Max Enviro Energy Solutions IPO stands at 0.99x overall.
The listing date for Clean Max Enviro Energy Solutions IPO is March 2, 2026.
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