Clean Max Enviro Energy Solutions Limited, one of India’s leading commercial and industrial renewable energy companies, has announced the launch of its Initial Public Offering (IPO), which will open for subscription on February 23, 2026, and close on February 25, 2026.
The price band has been fixed at ₹1,000 to ₹1,053 per equity share, each with a face value of ₹1. Investors can bid for a minimum of 14 shares and in multiples thereafter.
The IPO comprises a fresh issue worth up to ₹1,200 crore and an offer for sale of up to ₹1,900 crore by promoter Kuldeep Jain along with existing investors. Proceeds from the fresh issue will primarily be used for repayment of borrowings and general corporate purposes.
Ahead of the IPO, the company raised ₹1,500 crore from leading institutional investors including Temasek Holdings Private Limited, Bain Capital Special Situations, 360 ONE Special Opportunities Fund, and Steadview Capital Mauritius Limited.
CleanMax continues to benefit from rising demand in data centres and AI-driven infrastructure, strengthening its growth outlook in India’s clean energy sector.
