
Clear Max Envior Energy Solutions IPO Review 2026: GMP Rises 0.66%, Key Investor Insights
Posted by : Neeraj Pandey | Thu Feb 19 2026

Clear Max Envior Energy Solutions IPO is open for bidding from 23rd February 2026 to 25th February 2026. It is a bookbuilding IPO of ₹3,100.00 crore, comprising an entirely fresh issue of 1.14 crore shares and an offer for sale of 1.08 crore shares. The issue will be listed on BSE and NSE on its tentative listing date, 2nd March 2026.
Clear Max Envior Energy Solutions IPO Details
The Clear Max Envior Energy Solutions IPO date is fixed between 23rd February 2026 to 25th February 2026. The face value of Clear Max Envior Energy Solutions shares stands at ₹1 per share, and the IPO Issue price band is set at ₹1,000 to ₹1,053 per share
MUFG Intime India Private Limited is the registrar of the Clear Max Envior Energy Solutions IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below.
| IPO Allotment Date | 26th February 2026 |
| IPO Open Date | 23rd January 2026 |
| IPO Close Date | 25th February 2026 |
| Refund Initiation | 27th February 2026 |
| Issue Size | 2,94,39,695 shares(agg. up to ₹3,100 Cr) |
| Fresh Issue | 1,13,96,011 shares(agg. up to ₹1,200 Cr) |
| Offer for Sale | 1,80,43,684 shares of ₹1(agg. up to ₹1,900 Cr) |
| Face Value | ₹1 per share |
| Lot Size | 14 Shares |
| Issue Price | ₹1,000 to ₹1,053 per share |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE NSE |
| Listing Date | 2nd March 2026 |
Clear Max Envior Energy Solutions IPO Share Reservation
Riddhi Display Equipment’s IPO is a bookbuilding issue of 1.14 crore shares, worth ₹3,100.00 crore. Clear Max Envior Energy Solutions IPO Limited shares will be listed on the BSE and the NSE Exchange. Furthermore, SEBI has specified the share reservation criteria for different investor categories.
| Investor Categories | Shares Offered |
| QIB Shares Offered | Not less than 50% of the Issue |
| NII (HNI) Shares Offered | Not more than 15% of the Issue |
| Retail Shares Offered | Not more than 35% of the Issue |
Clear Max Envior Energy Solutions IPO GMP Grey Market Premium
GMP is the gap between the issue price band and the price at which company shares are currently trading in the grey market. Do you want to get live updates on the Clear Max Envior Energy Solutions IPO? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.
| GMP DATE | IPO Price | GMP Price | Estimated Listing Price | Estimated Gain |
| 25-2-2026 | – | – | – | – |
| 24-2-2026 | – | – | – | – |
| 23-2-2026 | ₹1,053.00 | ₹7.00 | ₹1,060.00 | 0.66% |
| 22-2-2026 | ₹1,053.00 | ₹7.00 | ₹1,060.00 | 0.66% |
| 21-2-2026 | ₹1,053.00 | ₹7.00 | ₹1,060.00 | 0.66% |
| 20-2-2026 | ₹1,053.00 | ₹7.00 | ₹1,060.00 | 0.66% |
| 19-2-2026 | ₹1,053.00 | ₹7.00 | ₹1,060.00 | 0.66% |
| 18-2-2026 | ₹1,053.00 | ₹9.00 | ₹1,062.00 | 0.85% |
| 17-2-2026 | ₹1,053.00 | ₹14.00 | ₹1,067.00 | 1.33% |
| 16-2-2026 | ₹1,053.00 | ₹0.00 | ₹1,053.00 | 0.00% |
| 15-2-2026 | ₹1,053.00 | ₹0.00 | ₹1,053.00 | 0.00% |
| 14-2-2026 | ₹1,053.00 | ₹0.00 | ₹1,053.00 | 0.00% |
| 13-2-2026 | ₹1,053.00 | ₹0.00 | ₹1,053.00 | 0.00% |
As of 23rd February 2026, Clear Max Envior Energy Solutions IPO GMP stands at ₹7.00 per share, which means the share will likely list at ₹1,060.00 on its tentative listing date, 2nd March 2026.
GMP data is subject to change based on market trends and sentiments. You should check the live GMP status before applying for the Clear Max Envior Energy Solutions IPO GMP. Stay informed with Univest for real-time insights into IPOs and their GMP trends.
Clear Max Envior Energy Solutions IPO GMP Review

Check out the detailed Clear Max Envior Energy Solutions GMP IPO review for a thorough understanding of its potential to report listing gains on 2nd March 2026. The Clear Max Envior Energy Solutions IPO review below will help you invest effectively to avoid significant losses. Explore more to make informed investment decisions on this IPO.
Financial Health
Assess a company’s financial performance to know about its ability to sustain a competitive edge. Thus, it is essential to understand the business’s economic growth and decline before applying for the Clear Max Envior Energy Solutions IPO.
Clear Max Envior Energy Solutions Limited’s revenue increased by 12.98% from ₹1,425.31 crores in March 2024 to ₹1,610.34 crores in March 2025. Moreover, the company’s PAT increased by 151.62% from -₹37.64 crores in March 2024 to ₹19.43 crores in March 2025.
Clear Max Envior Energy Solutions IPO has shown consistent revenue growth, indicating the company’s financial stability. Moreover, brokers, investors, and RAs have a positive outlook for the Clear Max Envior Energy Solutions IPO, with its tentative listing day set for 2nd March 2026.
Technical Analysis
Several technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technicals of the Clear Max Envior Energy Solutions IPO.
| Key Indicators | Value |
| PE Ratio (Price-to-Earnings) | 634.34 |
| EPS (Earnings Per Share) | 1.84 |
| RoNW | 0.43% |
| ROCE | – |
| ROE | 0.43% |
| EBITDA Margin | – |
| Price to Book Value | 4.11 |
| Market Capitalisation | ₹12,325.29 Cr |
The P/E ratio of Clear Max Envior Energy Solutions Limited shares is 634.34, and its Earnings Per Share (EPS) stands at 1.84. Thus, the Clear Max Envior Energy Solutions IPO can deliver gains on its tentative listing date, 2nd March 2026.
Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Clear Max Envior Energy Solutions Limited are subject to change after the IPO. Explore the table below to get post-issue updates on these two metrics.
| Indicators | Pre-IPO | Post-IPO |
| PE Ratio | 634.34 | 324.28 |
| EPS | 1.84 | 3.25 |
Clear Max Envior Energy Solutions IPO Subscription Status
The Clear Max Envior Energy Solutions IPO will open for bidding on 23rd February 2026. The subscription status for this IPO is yet to be announced. Stay informed on this passage to check the live Clear Max Envior Energy Solutions IPO Subscription Status.
| Investor Categories | Shares Offered | Shares Subscribed | Subscription to the Times |
| QIB Shares Offered | Not less than 50% of the Issue | Yet to be announced | Yet to be announced |
| NII (HNI) Shares Offered | Not more than 15% of the Issue | Yet to be announced | Yet to be announced |
| Retail Shares Offered | Not more than 35% of the Issue | Yet to be announced | Yet to be announced |
About Clear Max Envior Energy Solutions Limited

Clean Max Enviro is the largest commercial and industrial (“C&I”) renewable energy company in India as of March 31, 2025, as per the CRISIL Report. As of July 31, 2025, we have 2.54 GW of operational, owned, and managed capacity and an additional 2.53 GW of contracted capacity under execution. Its major services include the supply of renewable energy, energy services, and carbon credit solutions. We serve a broad spectrum of customers, ranging from Technology customers to traditional C&I customers. The company’s expertise lies in Energy contracting, Engineering, procurement, and construction (EPC), and Operation and maintenance (O&M) of renewable energy power plants (solar, wind, and hybrid).
Clear Max Envior Energy Solutions Limited Financials
The company’s financial analysis is essential before applying for the Clear Max Envior Energy Solutions IPO. See the table for Clear Max Envior Energy Solutions Limited’s financials.
| Year Ended | 30th Sep 2025 (in cr.) | 31st March 2025 (in cr.) | 31st March 2024 (in cr.) | 31st March 2023 (in cr.) |
| Assets | 16,945.65 | 13,279.25 | 9,076.55 | 7,000.14 |
| Revenue | 969.35 | 1,610.34 | 1,425.31 | 960.98 |
| Profit After Tax | 19.00 | 19.43 | -37.64 | -59.47 |
| EBITDA | 637.85 | 19.43 | 741.57 | 405.92 |
| Net Worth | 2,598.34 | 2,545.44 | 1,817.96 | 1,209.93 |
| Reserves and Surplus | – | – | – | – |
| Total Borrowings | 10,121.46 | 7,973.70 | 5,514.56 | 3,843.42 |
Explanation
Clear Max Envior Energy Solutions Limited’s revenue increased by 12.98% from ₹1,425.31 crores in March 2024 to ₹1,610.34 crores in March 2025. Moreover, the company’s PAT increased by 151.62% from -₹37.64 crores in March 2024 to ₹19.43 crores in March 2025.
Clear Max Envior Energy Solutions Limited IPO Promoter Holdings
Have a look at the table below to check the holdings of Ashish Kankaria, Shruti A. Kankaria, Ambica Capital Markets Limited, and Gold View Financial Services Limited.
| Shareholding Pre-Issue | 74.89% |
| Shareholding Post-Issue | 49.08% |
Note: The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue.
Aim of the Clear Max Envior Energy Solutions IPO
The primary aim of the Clear Max Envior Energy Solutions IPO is to raise ₹3,100.00 crores. On the other hand, Fractal Analytics has decided to utilise these funds in different ways.
- To the repayment and/or pre-payment, in part or full, of all or certain outstanding borrowings of the Company and/or certain of the Subsidiaries
- To General Corporate Purposes
Should I Invest in the Clear Max Envior Energy Solutions IPO?
Explore the pros and cons of the Clear Max Envior Energy Solutions to know whether you should apply or avoid the issue. These pros and cons might help you understand the IPO’s efficiency in delivering profits over the coming decades.
Pros of the Clear Max Envior Energy Solutions IPO
- The company has timely and cost-effective project development, execution, and management capabilities.
- The company has a comprehensive suite of customer-centric capabilities.
- The company’s efficient capital allocation and risk management
Cons of the Clear Max Envior Energy Solutions IPO
- The company has a Profitability Volatility and Past Losses
- The company has a heavy dependence on long-term contracts.
- The company has a Project Execution and cost overrun risk.
How to Apply for the Clear Max Envior Energy Solutions IPO?

Check the steps mentioned below to apply for Clear Max Envior Energy Solutions Ltd.
- Step 1: Conduct thorough research on the Clear Max Envior Energy Solutions IPO GMP, subscription status, issue size, lot size, and other details.
- Step 2: Open a demat account with Univest to access real-time insights on GMP and subscription status. You can also use your previous demat account by navigating to the IPO section.
- Step 3: Make a bid for 1 lots of 14 shares worth ₹14,742.
- Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.
Note: You can apply for the Clear Max Envior Energy Solutions IPO across multiple demat accounts to increase your chances of allotment.
How to Check the Clear Max Envior Energy Solutions IPO Allotment Status?
You can check for the Clear Max Envior Energy Solutions IPO allotment in different ways. These include NSE and the registrar portal. Follow the steps below to check your allotment status online.
Check On NSE
- Visit the NSE Official Site
- Navigate to the IPO Allotment Section.
- Select Equity as the issue type.
- Choose the Clear Max Envior Energy Solutions IPO.
- Choose whether to proceed with the PAN number or the application number.
- Submit your details to get the allotment status online.
Check On the Registrar Portal
- Visit the registrar portal.
- Click on the allotment option.
- Fill in the required details.
- Click on the submit button to know your Clear Max Envior Energy Solutions IPO allotment status.
Let’s Wrap
Clear Max Envior Energy Solutions IPO is a bookbuilding issue of shares worth ₹3,100.00 crores. The shares of Clear Max Envior Energy Solutions Limited will be listed on BSE and NSE on its tentative listing date of 2nd March 2026. Researching the Clear Max Envior Energy Solutions IPO GMP and reviews are highly recommended to achieve your desired profitability. Brokers and investors have highlighted their pros and cons, so one must analyse them and decide accordingly.
Open a demat account on Univest now to initiate your investment journey!
FAQs on Clear Max Envior Energy Solutions IPO
How is the Clear Max Envior Energy Solutions IPO?
Ans. Currently, on 23rd February 2026, the Clear Max Envior Energy Solutions GMP (Grey Market Premium) stands at ₹7. It indicates that the estimated listing price could be ₹1,060.00 per share. It is a bookbuilding IPO of ₹3,100.00 shares. The face value of each Clear Max Envior Energy Solutions share is ₹1 per share.
What is the Clear Max Envior Energy Solutions IPO price?
Ans. The Clear Max Envior Energy Solutions IPO issue price band is set at ₹1,000 to ₹1,053 per share.
Is the Clear Max Envior Energy Solutions IPO a good investment?
Ans. Clear Max Envior Energy Solutions Limited’s revenue increased by 12.98% from ₹1,425.31 crores in March 2024 to ₹1,610.34 crores in March 2025. Moreover, the company’s PAT increased by 151.62% from -₹37.64 crores in March 2024 to ₹19.43 crores in March 2025.
Who is the registrar of the Clear Max Envior Energy Solutions IPO?
Ans. MUFG Intime India Private Limited is the registrar for the Clear Max Envior Energy Solutions IPO, awaiting the allotment process and initiating refunds. For any queries regarding the Clear Max Envior Energy Solutions allotment and refund, you can contact MUFG Intime India Private Limited at cleanmax.ipo@in.mpms.mufg.com or at +91-22-4918 6270.
What is the issue size of the Clear Max Envior Energy Solutions IPO?
Ans. Clear Max Envior Energy Solutions IPO is a bookbuilding IPO of ₹3,100.00 crores. Moreover, the IPO is set to open on 23rd February 2026 and close on 25th February 2026.
Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Clear Max Envior Energy Solutions IPO, download the Clear Max Envior Energy Solutions IPO RHP and Clear Max Envior Energy Solutions IPO DRHP. Conduct your research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.
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