Clean Max Enviro Energy Solutions is set to launch one of the largest public issues of early 2026 with its ₹3,100 crore Initial Public Offering IPO. The company operates in the engineering, procurement and construction EPC segment and focuses on power transmission, water supply systems, and large-scale infrastructure projects. With India continuing to prioritise infrastructure expansion and urban development, the IPO has attracted strong interest from market participants tracking capital-intensive sectors.

The Clean Max Enviro Energy Solutions IPO is a Book Built Issue comprising a fresh issue of 1.14 crore equity shares aggregating to ₹1,200 crore and an offer for sale OFS of 1.80 crore shares aggregating to ₹1,900 crore. The total issue size stands at ₹3,100 crore, making it one of the significant IPOs in the infrastructure category in recent months.

The IPO subscription period opens on February 23, 2026, and closes on February 25, 2026. The basis of allotment is expected to be finalised on or about February 26, 2026, and the shares are tentatively scheduled to list on the NSE on March 02, 2026.

Price Band and Market Capitalisation

The company has fixed the price band at ₹1000 to ₹1053 per equity share. At the upper price band of ₹1053, the company’s estimated market capitalisation post listing will be approximately ₹12,325.29 crore.

The lot size for the IPO has been set at 14 shares, making the entry ticket comparatively accessible in terms of share quantity, although the high per-share price keeps the minimum investment significant.

Retail investors are required to apply for at least one lot of 14 shares, which amounts to ₹14,742 at the upper price band. High-Net-Worth Individuals HNIs must apply for a minimum of 14 lots or 196 shares, translating into an investment of ₹206,388 at the upper band.

Business Overview

Clean Max Enviro Energy Solutions is engaged in providing comprehensive EPC services. The company undertakes projects involving design, engineering, procurement of materials, installation, commissioning, and maintenance.

Its core focus areas include:

• Power transmission and distribution networks

• Water supply and urban infrastructure projects

• Public utility infrastructure development

The company primarily executes government and institutional contracts. These projects are generally large-scale and long-term in nature, contributing to infrastructure creation in urban and semi-urban regions.

Infrastructure development continues to be a key growth driver for India’s economy. Government spending on power transmission lines, water supply networks, and smart urban infrastructure has created significant opportunities for EPC contractors.

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