Mumbai, Maharashtra, 17th of February, 2026 : CleanMax Enviro Energy Solutions Limited, a leading player in India’s commercial and industrial renewable energy sector, is set to launch its much-anticipated Initial Public Offering (IPO) on February 23, 2026. The company is entering the capital markets with a price band of ₹1,000 to ₹1,053 per equity share, each having a face value of ₹1.
The IPO will open on February 23 and close on February 25, 2026. Investors can bid for a minimum of 14 equity shares and in multiples of 14 thereafter. The issue comprises a fresh issue of up to ₹1,200 crore and an offer for sale (OFS) of up to ₹1,900 crore, taking the total issue size to approximately ₹3,100 crore.
Out of the fresh issue proceeds, up to ₹1,122.6 crore will be utilized for partial or full repayment/prepayment of outstanding borrowings of the company and its subsidiaries, along with general corporate purposes. This move is expected to strengthen the balance sheet and support future expansion.
Ahead of the IPO, the company successfully raised ₹1,500 crore. Notably, around 43% of CleanMax’s portfolio serves data center and AI clients—segments witnessing rapid expansion in India. With growing demand for reliable, cost-effective, and sustainable energy solutions, CleanMax is well-positioned to capitalize on this opportunity as the renewable energy transition accelerates.
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