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IPO-Insights

Clean Max Enviro Energy Solutions IPO – Subscription Status, Dates, and How to Apply

Nupur Wankhede

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.

Clean Max Enviro Energy Solutions IPO Subscription Status

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.

Day 1 Subscription Status (February 23, 2026)

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.

Clean Max Enviro Energy Solutions IPO Price Band and Lot Size

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.

Clean Max Enviro Energy Solutions IPO Dates and Timeline

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.

How to Apply for Clean Max Enviro Energy Solutions IPO

Investors can apply for the IPO using either the ASBA facility through net banking or UPI via broker platforms.

Through ASBA (Net Banking)

This is a convenient and secure method where your application amount stays blocked until shares are allotted.

  1. Log in to your internet banking account.

  2. Go to the ‘Investments’ or ‘IPO Application’ section.

  3. Select ‘Clean Max Enviro Energy Solutions Ltd. IPO’ from the available list.

  4. Enter your preferred bid quantity and price.

  5. Confirm and submit your application.

  6. The bid amount will remain blocked in your account until allotment.

  7. Upon allotment, the amount will be debited, and shares credited to your Demat account.

Through UPI via Broker Platforms

You can apply using UPI through your stockbroker’s or financial marketplace’s online platform.

  1. Log in to your trading account or Demat account on your broker’s platform or financial marketplace.

  2. Navigate to the IPO section and select ‘Clean Max Enviro Energy Solutions Ltd. IPO’.

  3. Enter your application details including number of lots and price.

  4. Provide your UPI ID linked to your bank account.

  5. Approve the UPI mandate request on your UPI app (like BHIM, Google Pay, or PhonePe).

  6. Funds will be debited only upon share allotment.

  7. Once allotted, shares will be credited directly to your Demat account.

You can also check other Upcoming Ipo’s here: Upcoming IPO

Disclaimer

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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