How to Check Clean Max Enviro Energy Solutions IPO Allotment Status

Clean Max Enviro is India's largest commercial and industrial ("C&I") renewable energy provider as of March 31, 2025, according to the CRISIL Report. As of July 31, 2025, the company has 2.54 GW of operational, owned, and managed capacity and an additional 2.53 GW of contracted capacity under execution.

Its business offerings are structured into two key segments: the Renewable Energy Power Sales Segment (selling renewable energy to customers through long-term Power Purchase Agreements and Energy Attribute Purchase Agreements) and the Renewable Energy Services Segment (providing turnkey development services, including land, evacuation infrastructure, EPC services, power evacuation and O&M services for the project lifetime, and Carbon Services offering).

Clean Max Enviro Energy Solutions IPO is a book build issue of ₹3,100.00 crore, comprising a fresh issue of 1.14 crore shares aggregating to ₹1,200.00 crore and an offer for sale of 1.80 crore shares aggregating to ₹1,900.00 crore. The IPO opened on February 23, 2026, and closed on February 25, 2026. The allotment is expected on Thursday, February 26, 2026. The share price band was set at ₹1,000 to ₹1,053 per share.

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Steps to Check Clean Max Enviro Energy Solutions IPO Allotment Status on Registrar Site

• Visit the MUFG Intime India Pvt. Ltd.
• Select "Clean Max Enviro Energy Solutions" from the dropdown menu on the allotment status page
• Enter your PAN ID, Demat Account Number, or Application Number in the designated field
• Complete the captcha verification process and click on the "Submit" button to view your allotment status

Steps to Check Clean Max Enviro Energy Solutions IPO Allotment Status on BSE

• Navigate to the BSE IPO Allotment Status Page, NSE IPO Allotment Status Page.
• Select the issue type: equity/debt
• Choose "Clean Max Enviro Energy Solutions" from the list of active IPOs in the dropdown menu
• Input your Application Number and PAN ID in the required fields
• Verify the captcha and click "Search" to check your allotment status

Clean Max Enviro Energy Solutions IPO subscribed 0.99 times overall. Here is the category-wise breakdown as of 4:54:35 PM on February 25, 2026:

Clean Max Enviro Energy Solutions IPO Subscription Status

QIB Category (Ex Anchor): 2.99 times
Non-Institutional Investors (NII): 0.57 times
Retail Investors: 0.07 times

Clean Max Enviro Energy Solutions IPO Share Price and Investment Details

The minimum investment required was ₹14,742 for 1 lot (14 shares). The issue raised ₹921.00 crore from anchor investors. The issue includes a reservation of up to 3,14,795 shares for employees offered at a discount of ₹100.00 to the issue price. The anchor investor lock-in period ends on March 28, 2026 for 50% of shares (30 days) and May 27, 2026 for the remaining shares (90 days). Given the overall subscription of 0.99 times with solid institutional interest at 2.99 times, modest NII participation at 0.57 times, and weak retail subscription at 0.07 times, the share price listing expectations remain cautious.

Utilisation of IPO Proceeds

The proceeds will be utilised for repayment and/or pre-payment, in part or full, of all or certain outstanding borrowings of the Company and/or certain of its Subsidiaries (₹1,122.67 crore), and general corporate purposes.

Business Overview

Clean Max Enviro Energy Solutions Limited is a unique player in the renewable energy segment. It generates solar power and distributes it to corporates, data centres, AI and technology industries. The company marked growth in its top line with improved bottom lines year on year.

The company demonstrated financial performance with total income of ₹1,610.34 crore for FY2025 and a net worth of ₹2,598.34 crore as of September 30, 2025. The company benefits from a comprehensive suite of customer-centric capabilities, timely and cost-effective project development, execution and management capabilities, and efficient capital allocation and risk management. However, investors should note the post-issue P/E ratio of 324.28 and Price to Book Value of 4.11.