Description

NSE notifies listing of Clean Max Enviro Energy Solutions Limited equity shares on the Capital Market segment effective March 02, 2026, with an IPO issue price of Rs. 1053 per share and total 117,079,174 shares admitted to dealings.

Summary

NSE has notified the listing of equity shares of Clean Max Enviro Energy Solutions Limited under the symbol CLEANMAX on the Capital Market (EQ) segment, effective March 02, 2026. The IPO issue price is Rs. 1053 per share with a face value of Re. 1. A total of 117,079,174 equity shares are admitted to dealings. The security will participate in the pre-open session for IPO and Other category scrips as per applicable SEBI circulars.

Key Points

  • Symbol: CLEANMAX | Series: EQ | ISIN: INE647U01026
  • Issue Price: Rs. 1053 per share; Face Value: Re. 1/-; Paid-up Value: Re. 1/-
  • Total shares listed: 117,079,174 equity shares fully paid-up
  • Market lot: 1 share
  • Pari Passu: Yes — new shares rank equally with existing shares
  • Security will be included in the pre-open session for IPO/Other category scrips per SEBI circulars CIR/MRD/DP/01/2012 & CIR/MRD/DP/02/2012 dated January 20, 2012
  • Registered office: 4th Floor, The International 16, Maharshi Karve Road, Churchgate, Mumbai – 400020
  • Registrar: MUFG Intime India Private Limited (formerly Link Intime India Private Limited), Mumbai
  • Company Secretary & Compliance Officer: Mr. Ullash Parida

Regulatory Changes

No new regulatory changes introduced. This circular is issued in pursuance of:

  • Regulation 3.1.1 of NSE (Capital Market) Trading Regulations Part A — admission of securities to dealings
  • Regulation 2.5.5 of NSE (Capital Market) Trading Regulations Part A — lot size specification

Compliance Requirements

  • All NSE members must recognize CLEANMAX by its designated security code for trading purposes
  • Trading must be conducted in the specified market lot of 1 share
  • Members must observe the lock-in restrictions applicable to specific tranches of shares as detailed in Annexure I
  • Members must ensure compliance with pre-open session rules for IPO category scrips

Important Dates

  • Circular Date: February 27, 2026
  • Effective / Listing Date: March 02, 2026
  • Lock-in expiry dates (select tranches):
    • 237,419 shares locked until March 27, 2026
    • 237,419 shares locked until May 26, 2026
    • 4,135,799 shares locked until March 27, 2026
    • 4,135,800 shares locked until May 26, 2026
    • 7,491,665 shares locked until August 26, 2026
    • 4,368,471 shares locked until August 05, 2026
    • 14,924,671 + 17,088,852 shares locked until August 26, 2026
    • 17,349,533 + 18,707,387 shares locked until February 26, 2027
    • 4,846,956 + 101,441,820-range shares locked until February 26, 2029
    • Remaining tranches are free of lock-in from listing date
  • Financial Year: April 2025 – March 2026

Impact Assessment

The listing of Clean Max Enviro Energy Solutions Limited represents a significant new entrant in the renewable/clean energy sector on NSE. With an issue price of Rs. 1053 and over 117 million shares, the company’s market capitalisation at listing is approximately Rs. 12,315 crore (~Rs. 1.23 lakh crore scale), making it a notable mid-to-large cap debut. The staggered lock-in structure across multiple tranches (with the longest lock-in extending to February 2029 for promoter/anchor portions) limits immediate supply and may support price stability in early trading. The inclusion in the pre-open IPO session allows price discovery before regular market hours on listing day. Market participants and members should update their systems to recognise the CLEANMAX symbol effective March 02, 2026.

Impact Justification

New IPO listing of a renewable energy company with an issue price of Rs. 1053 and over 117 million shares admitted to dealings; directly impacts investors, members, and market participants trading on NSE.