IPO Guru

IPO Listed — 02 Mar 2026

Listing Price: ₹960

vs Issue Price ₹1053 ₹-93 (-8.83%)

Clean Max Enviro Energy Solutions IPO GMP History | Listing Price ₹960 & Kostak Rate

IPO
Final GMP
₹ -35
-3%
Final Kostak
Retail ₹ 0
SHNI ₹ 0
BHNI ₹ 0
Final Sub. to Sauda
Retail ₹ 0
SHNI ₹ 0
BHNI ₹ 0

Clean Max Enviro Energy Solutions IPO has been listed on March 2, 2026 at a listing price of ₹960, against the issue price of ₹1053 — a loss of ₹93 (-8.83%). The GMP peaked at ₹18 on 14 February 2026 and reached a low of ₹-35 on 1 March 2026. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.

Clean Max Enviro Energy Solutions IPO raised ₹3100 Cr. through its IPO at a price band of ₹1000 to ₹1053 per share, with a lot size of 14 shares. The IPO was open for subscription from 23 Feb 2026 to 25 Feb 2026.

GMP Trend Chart

Day-wise GMP Trend

Date GMP ↑↓ % Kostak Sub. Sauda
01 Mar 2026 ₹ -35 -3% ₹ 0 ₹ 0
28 Feb 2026 ₹ -35 -3% ₹ 0 ₹ 0
27 Feb 2026 ₹ -12 -1% ₹ 0 ₹ 0
26 Feb 2026 ₹ -11 -1% ₹ 0 ₹ 0
25 Feb 2026 ₹ -18 -2% ₹ 0 ₹ 0
24 Feb 2026 ₹ -1 0% ₹ 0 ₹ 0
23 Feb 2026 ₹ 1 -- ₹ 0 ₹ 0
22 Feb 2026 ₹ 4 -- ₹ 0 ₹ 0
21 Feb 2026 ₹ 3 -- ₹ 0 ₹ 0
20 Feb 2026 ₹ 3 -- ₹ 0 ₹ 100
19 Feb 2026 ₹ 6 1% ₹ 0 ₹ 100
18 Feb 2026 ₹ 9 1% ₹ 0 ₹ 0
17 Feb 2026 ₹ 16 2% ₹ 0 ₹ 0
16 Feb 2026 ₹ 0 -- ₹ 0 ₹ 0
14 Feb 2026 ₹ 18 -- ₹ 0 ₹ 0
13 Feb 2026 ₹ 18 -- ₹ 0 ₹ 0

Clean Max Enviro Energy Solutions IPO Dates

Event Date
Open Date 23 Feb, 2026
Close Date 25 Feb, 2026
Allotment Date 26 Feb, 2026
Refund Date 26 Feb, 2026
Credit to Demat 27 Feb, 2026
Listing Date 02 Mar, 2026

Clean Max Enviro Energy Solutions IPO Actual Listing Price

Basis Value
Issue Price ₹1053
GMP-Based Estimate (Pre-Listing) ₹1018 (-3.3%)
Actual Listing Price ₹960 (-8.83%)
Listing Gain / Loss ₹-93 per share
Listing Date 02 Mar, 2026

Is Clean Max Enviro Energy Solutions IPO GMP Reliable?

Grey market premium for Clean Max Enviro Energy Solutions IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:

  • Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
  • Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
  • Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
  • Cross-check before acting: Review the Clean Max Enviro Energy Solutions IPO full review for a fundamentals-based assessment before making any grey market trades.

Clean Max Enviro Energy Solutions IPO IPO Kostak Rate Explained

The Kostak rate for Clean Max Enviro Energy Solutions IPO was Retail: ₹0, SHNI: ₹0, BHNI: ₹.0. This is the fixed amount a grey market buyer pays for your IPO application — regardless of whether you receive allotment.

The Subject to Sauda price was not active for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.

Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.

About Clean Max Enviro Energy Solutions IPO

Clean Max Enviro Energy Solutions Limited was incorporated in 2010 and is headquartered in Mumbai, India. The company was founded by Kuldeep Jain and has grown into one of India’s leading providers of renewable energy solutions for commercial and industrial clients. Over the years, it has expanded its presence across India as well as international markets like the Middle East and Southeast Asia, building a strong portfolio of solar and wind energy assets

The company offers renewable energy solutions including solar, wind and hybrid power projects, along with engineering, procurement and construction (EPC) services and operation and maintenance support. Its business model is largely based on long-term power purchase agreements (PPAs), group captive projects and energy-as-a-service offerings for corporate clients. Clean Max focuses on helping businesses reduce energy costs and carbon footprint, while generating stable revenues through long-term contracts and diversified industrial clientele.

Frequently Asked Questions about Clean Max Enviro Energy Solutions IPO

What is the GMP of Clean Max Enviro Energy Solutions IPO?

The current Grey Market Premium (GMP) of Clean Max Enviro Energy Solutions IPO is ₹ -35.

What is the Kostak Price of Clean Max Enviro Energy Solutions IPO?

Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Clean Max Enviro Energy Solutions IPO is : Retail: ₹ 0, SHNI: ₹ 0, BHNI: ₹ 0.

What is the Subject to Sauda Price of Clean Max Enviro Energy Solutions IPO?

Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is : Retail: ₹ 0, SHNI: ₹ 0, BHNI: ₹ 0.

What was the actual listing price of Clean Max Enviro Energy Solutions IPO?

Clean Max Enviro Energy Solutions IPO listed on March 2, 2026 at ₹960, against the issue price of ₹1053 — a loss of -8.83%.

How did the GMP of Clean Max Enviro Energy Solutions IPO trend before listing?

The GMP of Clean Max Enviro Energy Solutions IPO was stable in its final days before listing. The GMP peaked at ₹18 on 14 February 2026. View the day-wise table above for the complete GMP history.

Explore Clean Max Enviro Energy Solutions IPO Further

For a complete picture before making your investment decision, explore these resources:

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