Cleanmax Enviro Energy IPO: This IPO will open from today, know till when will you be able to bid?

Read Desk. The IPO of renewable energy company Clean Max Enviro Energy Solutions will open today, February 23. Investors will be able to bid till 25th February. The aim of the company is to raise Rs 3,100 crore through this IPO. The company is offering both fresh shares and Offer for Sale (OFS) through this issue.

Price Band ₹1,000 to ₹1,053

The company has fixed the price band of Rs 1,000 to Rs 1,053 for each share. Investors can bid for a minimum lot of 14 shares, with a maximum investment of ₹14,742. The maximum amount can be Rs 1,91,646.

35% reserve for retail investors

The company has reserved 35% of the IPO for retail investors. 50% is reserved for Qualified Institutional Buyers (QIBs) and 15% for non-institutional bidders. Big banks like Axis Capital, JP Morgan and SBI Caps are the lead managers of the issue. The company’s shares will be listed on both BSE and NSE.

The funds will be used to repay the loan

The company said that out of the amount received from the fresh issue, about Rs 1,122.6 crore will be used to repay the old debts of the company and its subsidiary companies. The remaining funds will be used for general corporate purposes. Before the IPO, the company had raised Rs 1,500 crore through a pre-IPO placement, which included participation from big names like Temasek and Bain Capital.

15 years of experience and 2.80 GW capacity

According to a report by CRISIL, Cleanmax is a big company in the commercial and industrial (C&I) renewable energy sector. As of October 31, 2025, the company had an operational capacity of 2.80 GW. Apart from this, work on projects worth 3.17 GW is currently underway. The company mainly works in the areas of net zero solutions and carbon credits.

What is IPO?

When a company issues its shares to the public for the first time, it is called Initial Public Offering (IPO). The company needs money to expand its business. In such a situation, instead of borrowing from the market, the company raises money by selling some shares to the public or issuing new shares. For this reason the company launches IPO.

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