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Explore how Clean Max Enviro Energy Solutions Ltd.’s IPO performed on its opening day, including investor participation, price band details, key dates, and the step-by-step process to apply through ASBA or UPI.
The Clean Max Enviro Energy Solutions Ltd. IPO opened for subscription on February 23, 2026, marking the company’s debut in the primary market. The company operates in the renewable energy solutions space, focusing on clean and sustainable power infrastructure.
The issue is valued at ₹3,100 crore and is structured as a book-building issue, comprising a fresh issue and an offer for sale (OFS). The equity shares are offered in the price band of ₹1,000 to ₹1,053 per share, with a face value of ₹1 per share.
The Clean Max Enviro Energy Solutions Ltd. IPO opened to a muted response on its first day of bidding, with limited participation across investor categories. The offering is being closely monitored for traction in the coming days.
On the first day of bidding, the IPO was subscribed 0.33× overall. Qualified Institutional Buyers (QIBs) showed early participation, while retail and other categories recorded very modest bids. Non-Institutional Investors (NIIs) had placed minimal bids at the time of reporting.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
0.99× |
Retail Individual Investors (RII) |
0.02× |
Non-Institutional Investors (NII) |
0.20× |
Others |
0.02× |
Total |
0.33× |
The initial response indicates cautious investor participation on Day 1, with expectations of increased activity from institutional and high-net-worth investors in the remaining subscription period.
On the second day of bidding, the Clean Max Enviro Energy Solutions Ltd. IPO witnessed a gradual improvement in investor participation, with the overall subscription reaching 0.42×. Institutional interest strengthened significantly, while Non-Institutional Investors (NIIs) showed moderate traction. Retail participation, however, remained subdued.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
1.21× |
Retail Individual Investors (RII) |
0.04× |
Non-Institutional Investors (NII) |
0.31× |
Employee Reserved |
0.05× |
Total |
0.42× |
The Day 2 trend reflects strong demand from Qualified Institutional Buyers, who fully subscribed their portion, while NII participation continued to build gradually. Retail response remained limited, with expectations of increased activity closer to the issue’s closing day.
On the third and final day of bidding, the Clean Max Enviro Energy Solutions Ltd. IPO was subscribed 0.72× overall. Qualified Institutional Buyers (QIBs) led participation, while Retail Individual Investors (RIIs) and Non-Institutional Investors (NIIs) showed limited traction.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
2.06× |
Retail Individual Investors (RII) |
0.05× |
Non-Institutional Investors (NII) |
0.52× |
Employee Reserved |
0.08× |
Total |
0.72× |
The final day trend reflects strong institutional backing, though overall subscription remained below full subscription levels due to muted retail participation.
The price band for the Clean Max Enviro Energy Solutions Ltd. IPO is set between ₹1,000 and ₹1,053 per share, with a face value of ₹1 per share. Investors can apply for a minimum of 1 lot (14 shares) and in multiples of 14 shares thereafter. At the upper price band of ₹1,053 per share, one lot amounts to an investment of: 14 × ₹1,053 = ₹14,742
| Investor Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
Retail (Min) |
1 |
14 |
₹14,742 |
S-HNI (Min)* |
14 |
196 |
₹2,06,388 |
B-HNI (Min)* |
68 |
952 |
₹10,02,456 |
For detailed insights about the company, issue particulars, and the latest updates, visit the Clean Max Enviro Energy Solutions IPO on Bajaj Markets.
| Event | Date | Details |
|---|---|---|
IPO Open Date |
February 23, 2026 |
Issue opens for subscription |
IPO Close Date |
February 25, 2026 |
Final day to submit bids |
Basis of Allotment |
February 26, 2026 |
Finalisation of share allotment |
Initiation of Refunds |
February 26, 2026 |
Refunds begin for unallotted investors |
Credit of Shares to Demat |
February 27, 2026 |
Shares credited to successful applicants |
Listing Date |
March 2, 2026 |
Shares to list on NSE & BSE |
Note: These dates represent procedural milestones based on publicly available data and are intended for informational purposes only.
Investors can apply for the IPO using either the ASBA facility through net banking or UPI via broker platforms.
This is a convenient and secure method where your application amount stays blocked until shares are allotted.
Log in to your internet banking account.
Go to the ‘Investments’ or ‘IPO Application’ section.
Select ‘Clean Max Enviro Energy Solutions Ltd. IPO’ from the available list.
Enter your preferred bid quantity and price.
Confirm and submit your application.
The bid amount will remain blocked in your account until allotment.
Upon allotment, the amount will be debited, and shares credited to your Demat account.
You can apply using UPI through your stockbroker’s or financial marketplace’s online platform.
Log in to your trading account or Demat account on your broker’s platform or financial marketplace.
Navigate to the IPO section and select ‘Clean Max Enviro Energy Solutions Ltd. IPO’.
Enter your application details including number of lots and price.
Provide your UPI ID linked to your bank account.
Approve the UPI mandate request on your UPI app (like BHIM, Google Pay, or PhonePe).
Funds will be debited only upon share allotment.
Once allotted, shares will be credited directly to your Demat account.
You can also check other Upcoming Ipo’s here: Upcoming IPO
The information provided above is based on publicly available data from reliable financial news and market sources. Investors are advised to verify figures and consult financial experts before making investment decisions. Market conditions and subscription numbers are subject to change during the IPO window.
Sources
LiveMint — IPO News and Updates, https://www.livemint.com/market/ipo
Economic Times — IPO News: Latest IPO News, Upcoming IPO, https://economictimes.indiatimes.com/markets/ipo
Financial Express — IPO News, https://www.financialexpress.com/market/ipo-news/
NDTV Profit — IPOs, https://www.ndtvprofit.com/ipos
Business Today — IPO Corner: Latest IPO News & Analysis, https://www.businesstoday.in/markets/ipo-corner
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