Clean Max Enviro IPO
IPO Date: 23-25 Feb
Clean Max IPO open date is February 23,2026 and the IPO will close on February 25,2026. Clean Max Enviro Energy IPO is a Book Built Issue. The company to raise around ₹3,100 crores via IPO that comprises fresh issue of ₹1,200 crores and offer for sale up to 1,80,43,684 equity shares with face value of ₹1 each. Clean Max Enviro Energy IPO price band is ₹1000 to ₹1053 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. Clean Max Enviro Energy IPO to list on BSE, NSE on March 2,2026.
Price Band
₹1053
Listing Exchange
Mainboard
Total Subscription
0.39x
Status
processed
Clean Max Enviro IPO Details
Clean Max Enviro IPO Timeline
| Event | Date |
|---|---|
| IPO Open Date | February 23,2026 |
| IPO Close Date | February 25,2026 |
| Basis of Allotment | February 26,2026 |
| Refunds | February 27,2026 |
| Credit to Demat Account | February 27,2026 |
| IPO Listing Date | March 2,2026 |
| IPO Bidding Cut-off Time | February 25,2026 – 5 PM |
Clean Max Enviro IPO Market Lot
| Application | Lot Size | ||
|---|---|---|---|
| Retail Minimum | 1 | — | — |
| Retail Maximum | 13 | — | — |
| S-HNI Minimum | 14 | — | — |
| S-HNI Maximum | 67 | — | — |
| B-HNI Minimum | 68 | — | — |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor | – Shares |
| QIB (Ex. Anchor) | – Shares |
| NII Shares Offered | – Shares |
| Retail Shares Offered | – Shares |
| Promoter Holding Pre Issue | 10,14,41,820 |
| Promoter Holding Post Issue | 11,28,37,831 |
Anchor Investor Details
| Detail | Value |
|---|---|
| Shares Offered | 87,46,437 Shares |
| Anchor Size | 921 Cr. |
| lock-in period end date 50% shares (30 Days) | March 28,2026 |
| lock-in period end date 50% shares (90 Days) | May 27,2026 |
Objects of the Issue
| Purpose | ₹ in Crores |
|---|---|
| Repayment and/or pre-payment, in part or full, of all or certain outstanding borrowings of our Company and/or certain of our Subsidiaries | ₹1,125.00 |
Clean Max Enviro IPO Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue |
|---|---|
| 2023 | ₹960.98 |
| 2024 | ₹1,425.31 |
| 2025 | ₹1,610.34 |
| Sep 2025 | ₹969.35 |
Clean Max Enviro IPO Key Ratios
| KPI | Values |
|---|---|
| ROE | -% |
| ROCE | -% |
| EBITDA Margin | -% |
| PAT Margin | -% |
| Debt to equity ratio | – |
| Earning Per Share (EPS) | ₹2.88 (Basic) |
| Price/Earning P/E Ratio | N/A |
| Return on Net Worth (RoNW) | 1.09% |
| Net Asset Value (NAV) | ₹250.93 |
Peer Comparison
Comparative valuation metrics for Clean Max Enviro and listed peers including EPS, PE Ratio, RoNW, and NAV.
| Company | EPS |
|---|---|
| ACME Solar Holdings Ltd | 4.55 |
| NTPC Green Energy Ltd | 0.67 |
| Adani Green Energy Limited | 8.37 |
| ReNew Energy Global PLC$ | 10.92 |
| Cookie | Duration |
| cookielawinfo-checkbox-analytics | 11 months |
| cookielawinfo-checkbox-functional | 11 months |
| cookielawinfo-checkbox-necessary | 11 months |
| cookielawinfo-checkbox-others | 11 months |
| cookielawinfo-checkbox-performance | 11 months |
| viewed_cookie_policy | 11 months |
Clean Max Enviro IPO Subscription Status
| QIB | NII | Retail | Total |
|---|---|---|---|
| 1.09x | 0.33x | 0.03x | 0.39x |
Subscription data as reported by exchange records. Updated as of 24 Feb 2026, 7:15 pm.
Additional Information
| Detail | Value |
|---|---|
| Anchor Bidding Date | February 20,2026 |
Risk Factors & Important Notices
• Investing in IPOs involves risks. Past performance of similar companies does not guarantee future results.
• IPO allotment is subject to availability and regulatory requirements.
• Investors should read the Red Herring Prospectus (RHP) and other official documents carefully before applying.
• Consult a SEBI-registered financial advisor for personalized investment guidance.
• Stock prices post-listing can fluctuate significantly based on market conditions.
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Grey Market Premium (GMP)
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Last retrieved: 24 Feb 2026, 7:15 pm
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