Description

BSE circular detailing lock-in schedules for 117,079,174 equity shares of Clean Max Enviro Energy Solutions Limited following its IPO listing on February 26, 2026, with varying lock-in periods for anchor investors, AIFs, promoters, and ESOP holders.

Summary

BSE has published lock-in details for the equity shares of Clean Max Enviro Energy Solutions Limited (registered office: 4th Floor, The International, 16 Maharshi Karve Road, Churchgate, Mumbai – 400 020) following the company’s IPO listing on February 26, 2026. The circular covers a total of 117,079,174 equity shares across 15 tranches, each with distinct lock-in or free-float status, applicable to anchor investors, promoters, AIF holders, ESOP beneficiaries, and IPO public allottees.

Key Points

  • Total equity shares covered: 117,079,174 across 15 tranches
  • Listing date: February 26, 2026
  • Anchor investor shares (8,746,437 total) are split into two lock-in tranches: 4,373,218 shares locked for 30 days (until March 27, 2026) and 4,373,219 shares locked for 90 days (until May 26, 2026)
  • AIF-held shares (4,368,471) are locked until August 5, 2026 per SEBI ICDR Regulations 17(c), based on the Prospectus date of February 25, 2026
  • Promoter/other shares are subject to lock-in periods of 6 months (until August 26, 2026), 1 year (until February 26, 2027), or 3 years (until February 26, 2029)
  • ESOP shares (1,391,900) held by eligible employees as of the Prospectus date are not subject to lock-in
  • IPO public allottee shares are not subject to lock-in
  • All shares are held in demat form; distinctive numbers are indicative only
  • Company Secretary and Compliance Officer: Ullash Parida (Membership No. F8689)

Regulatory Changes

No new regulatory changes introduced. The lock-in requirements are applied in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, specifically Regulation 17(c) governing AIF lock-in obligations.

Compliance Requirements

  • Lock-in restrictions must be observed by anchor investors, promoters, and AIF holders until their respective expiry dates
  • The company and depositories are required to enforce lock-in on the designated tranches
  • Detailed lock-in information is available on pages 148–152 of the company’s Prospectus dated February 25, 2026
  • ESOP and IPO public shares are exempt from lock-in and are freely tradeable from the listing date

Important Dates

  • February 26, 2026: Listing date; lock-in commencement date for most tranches
  • February 6, 2026: Lock-in start date for AIF-held shares (4,368,471 shares)
  • March 27, 2026: Lock-in expiry for 4,373,218 anchor investor shares (30-day lock-in)
  • May 26, 2026: Lock-in expiry for 4,373,219 anchor investor shares (90-day lock-in)
  • August 5, 2026: Lock-in expiry for AIF-held shares (4,368,471 shares)
  • August 26, 2026: Lock-in expiry for 6-month lock-in tranches
  • February 26, 2027: Lock-in expiry for 1-year lock-in tranches
  • February 26, 2029: Lock-in expiry for 3-year lock-in tranches

Impact Assessment

For traders and investors, the circular clarifies the tradeable float of Clean Max Enviro Energy Solutions Limited from its listing date. IPO public and ESOP shares are immediately tradeable, while anchor, AIF, and promoter shares will be progressively released over a 3-year window. The staggered lock-in structure reduces near-term selling pressure from large institutional and promoter holders. Investors should monitor the March 27 and May 26, 2026 anchor lock-in expiry dates as potential liquidity events that could influence share price. The 3-year promoter lock-in on the largest tranches provides long-term holding signal from insiders.

Impact Justification

Routine post-IPO lock-in disclosure for a newly listed company. Medium impact as it defines tradeable float and lock-in expiry timelines relevant to investors and traders tracking share availability.