CleanMax Enviro Energy Solutions ₹3,100-crore IPO
Analysis based on 7 articles · First reported Feb 17, 2026 · Last updated Feb 18, 2026
The IPO of CleanMax Enviro Energy Solutions is expected to bring fresh capital into the renewable energy sector, potentially boosting investor confidence in green energy companies. The successful listing could also provide liquidity for existing investors and promoters, while offering a new investment opportunity for market participants.
CleanMax Enviro Energy Solutions, a commercial and industrial renewable energy provider, announced its ₹3,100-crore Initial Public Offering (IPO) will open for subscription on February 23, with a price band of ₹1,000-₹1,053 per share. The IPO, which concludes on February 25, comprises a fresh issue of shares worth up to ₹1,200 crore and an offer-for-sale (OFS) of ₹1,900 crore by promoters and investor shareholders, including Kuldeep Jain, BGTF One Holdings (DIFC) Ltd, KEMPINC LLP, Augment India I Holdings, LLC, and DSDG Holdings APS. The company plans to use ₹1,125 crore from the fresh issue to repay debt, with the remainder for general corporate purposes. Ahead of the IPO, CleanMax Enviro Energy Solutions raised ₹1,500 crore, including a pre-IPO placement to investors like Temasek Holdings===Jongsong Investments (an entity of Temasek Holdings) and Bain Capital Advisors. The company, founded in 2010, specializes in net zero and decarbonization solutions for C&I customers, serving major clients like Equinix, Amazon, Google, Apple Inc., and Cisco. CleanMax Enviro Energy Solutions is set to debut on the stock market on March 2.
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