Clean Max Enviro Energy Solutions IPO opens Feb 23; check price band, lot size, objectives and key dates

Clean Max Enviro Energy Solutions IPO: The initial public offering of commercial and industrial renewable energy provider Clean Max Enviro Energy Solutions will hit the primary market on February 23. The issue will conclude on February 25. It has set a price band of ₹1,000 to ₹1,053 per share.

The initial share sale is seeking to raise ₹3,100 crore via a fresh issuance of shares worth ₹1,200 crore and an offer for sale (OFS) component of ₹1,900 crore.

Under the OFS, Kuldeep Jain, KEMPINC LLP, BGTF One Holdings (DIFC) Limited, DSDG HOLDING APS and Augment India I Holdings, LLC are offloading their stake.

The fresh issue proceeds will be used for debt repayment and general corporate purposes.

"Our company expects to receive the benefits of listing of our equity shares on the stock exchanges, including enhancement of our company’s brand name amongst our existing and potential customers and creation of a public market for our equity shares in India," the firm said in its red herring prospectus (RHP).

Clean Max Enviro Energy Solutions IPO: Lot size

A lot consists of 14 shares and in multiples thereafter. Half of the net offer is reserved for qualified institutional buyers, 35% for retail investors and 15% for non-institutional investors.

Clean Max Enviro Energy Solutions IPO: Allotment and listing date

• Clean Max Enviro Energy IPO subscription period: February 23 to February 25
• Basis of allotment finalisation: February 26
• Initiation of refunds: February 27
• Credit of shares to Demat account of allottees: February 27
• Listing on NSE and BSE: March 2

Clean Max Enviro Energy Solutions is the largest commercial and industrial (C&I) renewable energy provider in India with 2.80 GW of operational, owned and managed capacity, and 3.17 GW of contracted, yet to be executed capacity, as of October 2025, according to the CRISIL Report.

It specialises in delivering net zero and decarbonisation solutions, including supplying renewable power and offering energy services and carbon credit solutions to customers across artificial intelligence, data centres, and technology industries; and C&I enterprises across a range of sectors, including cement, steel, infrastructure, industrial manufacturing, pharmaceuticals, real estate, FMCG, and global capability centres.