Clean Max Enviro Energy Solutions IPO
The Clean Max Enviro Energy Solutions IPO was a ₹3,100 crore mainboard issue (fresh issue and offer for sale), open for bidding from 23 Feb to 25 February 2026 at a price band of ₹1,000 to ₹1,053. The final issue price was ₹1,053. It was subscribed 0.94 times overall, and 0.06 times in the retail category. Shares listed on NSE and BSE on 2 March 2026 at ₹960.00, 8.8% below the issue price, and closed the first day at ₹867.50.
- Listing gain at open
- −8.8%₹960.00 vs ₹1,053
- Issue price
- ₹1,053Band ₹1,000 to ₹1,053
- Lot size
- 14 sharesMinimum ₹14,742
- Issue size
- ₹3,100 crore
- Subscribed
- 0.94xOverall
- Listed
- 2 Mar 2026NSE, BSE
Price and lots
Clean Max Enviro Energy Solutions IPO details
NSE issue details| Bidding dates | 23 Feb 2026 to 25 Feb 2026 |
| Listing date | 2 March 2026 |
| Price band | ₹1,000 to ₹1,053 |
| Final issue price | ₹1,053 |
| Face value | ₹1 per share |
| Lot size | 14 shares |
| Minimum investment | ₹14,742 (14 shares, our calculation) |
| Retail maximum | 13 lots (₹1,91,646), under ₹2 lakh (our calculation) |
| Issue size | ₹3,100 crore (our calculation from the NSE issue details) |
| Type of issue | 100% Book Building, Fresh issue and offer for sale |
| Employee discount | ₹100 per share |
| Listed on | NSE and BSE |
| NSE symbol | CLEANMAX |
| BSE code | 544717 |
| ISIN | INE647U01026 |
| Lead managers | Axis Capital Limited, J.P. Morgan India Private Limited, BNP Paribas, HSBC Securities, Capital Markets (India) Private Limited, IIFL Capital Servies Limited, Nomura Financial Advisory, Securities (India) Private Limited, BOB Capital Markets Limited, SBI Capital Markets Limited |
| Registrar | MUFG Intime India Private Limited |
Subscription and listing
Clean Max Enviro Energy Solutions IPO subscription and listing
NSE and BSEFinal subscription
NSE issue details- QIBs2.83x
- Non-institutional (NII)0.54x
- NII above ₹10 lakh0.77x
- NII ₹2 lakh to ₹10 lakh0.06x
- Retail0.06x
- Employees0.11x
- Total0.94x
Times subscribed at the close of bidding, as published by NSE. It is a fact about demand, not a sign of quality.
Listing day
Our calculation: gains vs issue price| NSE | BSE | |
|---|---|---|
| Open | ₹960.00 | ₹952.20 |
| High | ₹960.00 | - |
| Low | ₹768.00 | - |
| Close | ₹867.50 | ₹867.90 |
| Gain at open | −8.8% | −9.6% |
| Gain at close | −17.6% | −17.6% |
| Shares traded | 68,24,962 | - |
Latest: closed at ₹1,259.70 on NSE on 6 November 2026, +19.6% vs the issue price (our calculation). Past returns say nothing about future returns.
How it compares
How the Clean Max Enviro Energy Solutions IPO compares
Our calculation: 2026 mainboard IPOs on IPO24by7Among 109 mainboard IPOs of 2026 on our tracker, the Clean Max Enviro Energy Solutions IPO's subscription of 0.94 times ranks 109th of 109, and its listing loss of 8.8% at open ranks 96th of 107. By issue size it ranks 7th. The median listing-day gain at open for mainboard IPOs this year is +7.6%. See all 2026 IPOs with listing gains or the IPO calendar for March 2026.
Other mainboard IPOs listed in March 2026
| IPO | Listed | Issue price | Subscribed | Gain at open |
|---|---|---|---|---|
| Central Mine Planning & Design Institute | 30 Mar 2026 | ₹172 | 1.05x | −7.0% |
| GSP Crop Science | 24 Mar 2026 | ₹320 | 1.61x | +2.5% |
| Innovision | 23 Mar 2026 | ₹519 | 3.32x | −9.9% |
| Rajputana Stainless | 19 Mar 2026 | ₹122 | 1.12x | 0.0% |
| Sedemac Mechatronics | 11 Mar 2026 | ₹1,352 | 2.68x | +13.5% |
| Omnitech Engineering | 5 Mar 2026 | ₹227 | 1.14x | −11.0% |
Allotment
Clean Max Enviro Energy Solutions IPO allotment status
- Open the registrar's pageMUFG Intime India Private Limited is the registrar. Open its allotment page.
- Select Clean Max Enviro Energy Solutions LimitedOlder issues may move to an archive list on the registrar's site.
- Enter your PAN, application number or DP IDUse the details you applied with.
- Or check your demat accountAllotted shares were credited before the listing day.
Documents
Questions
Clean Max Enviro Energy Solutions IPO FAQs
What was the Clean Max Enviro Energy Solutions IPO price band?
The price band was ₹1,000 to ₹1,053 per share and the final issue price was ₹1,053. The face value is ₹1 per share.
What was the Clean Max Enviro Energy Solutions IPO lot size?
One lot was 14 shares. The minimum investment at the issue price was ₹14,742. Retail investors could apply for up to 13 lots.
How many times was the Clean Max Enviro Energy Solutions IPO subscribed?
It was subscribed 0.94 times overall, as published by NSE. QIBs bid 2.83 times their quota, NIIs 0.54 times and retail investors 0.06 times.
What was the Clean Max Enviro Energy Solutions IPO listing price?
It opened at ₹960.00 on NSE and BSE on 2 March 2026, a loss of 8.8% over the issue price of ₹1,053 (our calculation). It closed the day at ₹867.50.
How do I check Clean Max Enviro Energy Solutions IPO allotment status?
MUFG Intime India Private Limited is the registrar. Select Clean Max Enviro Energy Solutions Limited on its allotment page and enter your PAN, application number or DP ID. You can also check on the NSE or BSE application status page.
Was the Clean Max Enviro Energy Solutions IPO a fresh issue or an offer for sale?
Fresh issue and offer for sale, as stated in the NSE issue details.
Who were the lead managers of the Clean Max Enviro Energy Solutions IPO?
Axis Capital Limited, J.P. Morgan India Private Limited, BNP Paribas, HSBC Securities, Capital Markets (India) Private Limited, IIFL Capital Servies Limited, Nomura Financial Advisory, Securities (India) Private Limited, BOB Capital Markets Limited, SBI Capital Markets Limited.
Sources: NSE public issue information and IPO detail pages; NSE and BSE end-of-day bhavcopy files. Gains, issue size and minimum investment are our calculations. This page is information only, not a recommendation.