Markets / IPO / Clean Max Enviro Energy Solutions

Clean Max Enviro Energy Solutions IPO

Updated 18:56

Mainboard IPO on NSE and BSE · Power Generation

Status

Listed

Price band

₹1,000–1,053

Lot size

14 shares · ₹14,742

Subscribed

0.94×

How it listed

Issue price

₹1,053

Listing price (open)

₹960.00 -8.83%

First-day close

₹867.50 -17.62%

Price now

₹1,259.70 +19.63%

Listing day	2 Mar 2026
Open / high / low / close	₹960.00 / ₹960.00 / ₹768.00 / ₹867.50
Shares traded on NSE	68,24,962
Market value at the listing-day close	₹10,197 cr

Closing prices since listing: 26 Oct ₹1,161.20, 27 Oct ₹1,229.50, 28 Oct ₹1,252.30, 29 Oct ₹1,262.60, 30 Oct ₹1,242.50, 2 Nov ₹1,252.50, 3 Nov ₹1,225.90, 4 Nov ₹1,249.10, 5 Nov ₹1,276.50, 6 Nov ₹1,259.70.

Clean Max Enviro Energy Solutions share price, live chart and technicals →

Key dates

Bidding opens	23 Feb 2026
Bidding closes	25 Feb 2026
Allotment	26 Feb 2026
Refunds and shares in demat	27 Feb 2026
Listing	2 Mar 2026

Issue reservation

Investor group	Shares	% of issue	Most applicants allotted
Institutions (QIB)	61,39,997	28.14%	–
HNI / NII	46,05,000	21.10%	–
HNI, above ₹10 lakh	30,70,000	14.07%	3,224
HNI, ₹2–10 lakh	15,35,000	7.03%	7,831
Retail	1,07,44,999	49.24%	7,67,499
Employees	3,33,333	1.53%	–

Shares NSE lists as offered to each group, plus the anchor portion. "Most applicants allotted" is how many people can get the minimum application in that group when it is oversubscribed.

Lot size by investor type

Application	Lots	Shares	Amount
Retail (minimum)	1	14	₹14,742
Retail (maximum)	13	182	₹1,91,646
Small HNI (minimum)	14	196	₹2,06,388
Small HNI (maximum)	67	938	₹9,87,714
Big HNI (minimum)	68	952	₹10,02,456

At ₹1,053 a share. Retail bids go up to ₹2 lakh, small HNI from ₹2 lakh to ₹10 lakh, big HNI above ₹10 lakh.

Chance of getting shares (retail)

Every valid retail application should get shares. The retail portion was subscribed 0.06×.

Subscription

Investor category	Shares offered	Shares bid for	Times subscribed
Institutions (QIB)	61,39,997	1,73,74,756	2.83×
HNI / NII	46,05,000	24,76,152	0.54×
HNI, above ₹10 lakh	30,70,000	23,76,304	0.77×
HNI, ₹2–10 lakh	15,35,000	99,848	0.07×
Retail	1,07,44,999	6,83,844	0.06×
Employees	3,33,333	34,804	0.10×
Total	2,18,23,329	2,05,69,556	0.94×

NSE and BSE bids together, as of 25 Feb 2026 19:00.

Demand at each price

Top price ₹1,053	199.49 lakh shares	97.0%
Cut-off final price, whatever it is; mostly retail	5.92 lakh shares	2.9%
Lower prices ₹1,000–1,052	0.30 lakh shares	0.1%

Shares bid on NSE and BSE at each price in the band. Most bids at the top price, and little at lower prices, means buyers were keen.

Anchor investors

Anchor bid date	20 Feb 2026
Lock-in ends for the first 50% (30 days)	27 Mar 2026
Lock-in ends for the remaining 50% (90 days)	26 May 2026

Anchor investors are large funds that buy the day before the IPO opens. SEBI locks in half their shares for 30 days from the allotment and the rest for 90 days; they can sell from the next trading day. Traders watch these dates because extra selling can come in.

Financials and valuation

	At issue price	Now
Market value	₹12,378 cr	₹14,808 cr
P/E (last 12 months' profit)	62.7	75.0

Revenue, last 12 months	₹2,540 cr
Profit, last 12 months	₹197 cr
Return on equity	4.1%
Debt to equity	3.56

From results the company filed with NSE (latest period to 30 Sept 2026). Twelve-month figures need four quarters of results, so they fill in over the first year after listing.

Other recent IPOs: Power Generation

Company	Listed	Subscribed	On listing	Since IPO
Juniper Green Energy	6 Aug	7.97×	+8.89%	+13.69%
ACME Solar Holdings	13 Nov	2.75×	-13.15%	+36.66%

IPO details

Price band	₹1,000–1,053
Final issue price	₹1,053
Lot size	14 shares
Minimum investment	₹14,742 (1 lot)
Market	NSE mainboard
Issue type	100% Book Building
Face value	₹1 per Equity Share
Industry	Power Generation
Issue size	₹3,100.00 crore (about 2.94 crore shares) · Fresh issue + offer for sale: fresh ₹1,200.00 cr, offer for sale ₹1,900.00 cr
ISIN	INE647U01026
Registrar	MUFG Intime India Private Limited Helpline: +91 810 811 4949, cleanmax.ipo@in.mpms.mufg.com
Lead managers	Axis Capital Limited, J.P. Morgan India Private Limited, BNP Paribas, HSBC Securities and Capital Markets (India) Private Limited, IIFL Capital Servies Limited, Nomura Financial Advisory and Securities (India) Private Limited, BOB Capital Markets Limited and SBI Capital Markets Limited
Prospectus	Red herring prospectus (NSE)

Check allotment status

Allotment was finalised on 26 Feb 2026. Check it on the registrar's page (MUFG Intime India Private Limited), NSE or BSE with your PAN or application number.

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From NSE's official IPO data. Expected dates follow SEBI's T+3 timetable; the exchange confirms them. Information only, not investment advice.

What is the Clean Max Enviro Energy Solutions IPO price band and lot size?

The price band is ₹1,000–1,053 per share, and one lot is 14 shares (₹14,742 at the upper price).

When is the Clean Max Enviro Energy Solutions IPO allotment date?

Allotment was finalised on 26 Feb 2026, the next working day after bidding closed on 25 Feb 2026.

How many times was the Clean Max Enviro Energy Solutions IPO subscribed?

In total 0.94 times, on NSE and BSE together; retail 0.06 times.

What is the Clean Max Enviro Energy Solutions IPO listing date?

It listed on 2 Mar 2026 on NSE and BSE.

What is the chance of getting Clean Max Enviro Energy Solutions IPO shares?

The retail portion was not oversubscribed, so every valid retail application should get shares.

When does the Clean Max Enviro Energy Solutions anchor lock-in end?

The 30-day lock-in on half of the anchor investors' shares ends on 27 Mar 2026 and the 90-day lock-in on the rest ends on 26 May 2026; they can sell from the next trading day.

What was the Clean Max Enviro Energy Solutions listing gain?

It opened at ₹960.00 against an issue price of ₹1,053, a loss of 8.83%. It is now up 19.63% from the issue price.