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Clean Max Enviro Energy Solutions Secures INR 921 Crore from Anchor Investors Ahead of Public Issue
Feb 23, 2026
Clean Max Enviro Energy Solutions has mobilized Rs 921 crore from anchor investors just ahead of the launch of its initial public offering (IPO), which opens for subscription on February 23, 2026.
The company allotted 8,746,437 equity shares to anchor investors at a price of Rs 1,053 per share. The anchor round witnessed participation from leading global and domestic institutions, including Temasek Holdings, SBI Life Insurance, Nomura Asset Management, HDFC Mutual Fund, Abu Dhabi Investment Authority, Franklin Templeton Mutual Fund, Eastspring Investments, SBI General Insurance, Premji Invest, 360 One Mutual Fund, BNP Paribas and Tata Investment Corporation, among others.
Foreign institutional investors contributed 32 percent of the anchor book, while domestic institutional investors accounted for 68 percent. Notably, 4,591,720 equity shares—valued at approximately Rs 483.51 crore, or 52.5 percent of the anchor allocation—were subscribed by a group comprising Temasek Holdings, SBI Life Insurance, Nomura Asset Management, Eastspring Investments, HDFC Mutual Fund, Franklin Templeton Mutual Fund, 360 One Mutual Fund, SBI General Insurance, and Abu Dhabi Investment Authority.
Earlier on February 6, the company had raised Rs 1,500 crore in a pre-IPO placement from investors such as Temasek Holdings, Bain Capital, 360 One, Steadview Capital and other prominent investors, including family offices of the Dalmia group and the Jaisinghani and Taparia families.
The IPO comprises a fresh issue of Rs 1,200 crore and an offer-for-sale of Rs 1,900 crore, aggregating to a total issue size of Rs 3,100 crore at the upper end of the indicated price band. The offering will remain open from February 23 to February 25, 2026, with a minimum bid lot of 14 equity shares and multiples thereafter.
The issue is being conducted through the book-building route, with up to 50 percent of the shares reserved for qualified institutional buyers, 15 percent for non-institutional investors, and 35 percent for retail investors.
The book-running lead managers for the issue include Axis Capital, J.P. Morgan India, HSBC Securities and Capital Markets India, IIFL Capital Services, Nomura Financial Advisory and Securities India, BOB Capital Markets and SBI Capital Markets, while MUFG Intime India is serving as the registrar to the offer.