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Clean Max Enviro Energy Solutions IPO Subscription Status

Clean Max Enviro Energy Solutions IPO Discussion

IPO Guru Community · 2026-02-12T10:40:11+05:30

Clean Max Enviro Energy Solutions IPO opened from 23 Feb to 25 Feb 2026 and listed on 02 Mar 2026 at ₹960 — a loss of -8.83% over the issue price of ₹1053.

The Clean Max Enviro Energy Solutions IPO has been subscribed 0.94x times overall. Retail investors have shown interest with bids for 0.06x the shares available. The Non-Institutional Investor (NII) category has been subscribed 0.54x. Within NII, Big HNI (B-HNI) subscribed 0.77x and Small HNI (S-HNI) subscribed 0.07x. Qualified Institutional Buyers (QIBs) have subscribed 2.83x. Data last updated on 08 May, 05:38 PM.

The IPO subscription period has ended. The issue is currently undersubscribed, presenting a higher chance of allotment for applicants. The issue opened on 23 Feb, 2026 and closes on 25 Feb, 2026. The shares are expected to list on stock exchanges on 02 Mar, 2026.

Full Details Check GMP

Live Subscription Data
Day-wise Subscription History
Allotment Probability
What Does This Subscription Data Mean?
Frequently Asked Questions

Total Subscription

0.94 x

QIB 2.83x

BHNI 0.77x

SHNI 0.07x

Retail 0.06x

Employee 0.1x

Live Bidding

Category	Offered	Applied	Amount (Cr)	Bid Details	TIMES
QIB	61,39,997	1,73,74,756	1,829.56 Cr	1,73,74,756 of 61,39,997 1,829.56 Cr	2.83x
FII		87,99,588	926.60 Cr	87,99,588 926.60 Cr
DFI		59,44,904	626.00 Cr	59,44,904 626.00 Cr
Mutual Funds		2,84,214	29.93 Cr	2,84,214 29.93 Cr
Others		23,46,050	247.04 Cr	23,46,050 247.04 Cr
NII	46,05,000	24,76,152	260.74 Cr	24,76,152 of 46,05,000 260.74 Cr	0.54x
Big NII	30,70,000	23,76,304	250.22 Cr	23,76,304 250.22 Cr	0.77
Small NII	15,35,000	99,848	10.51 Cr	99,848 10.51 Cr	0.07
Retail	1,07,44,999	6,83,844	72.01 Cr	6,83,844 of 1,07,44,999 72.01 Cr	0.06x
Employee	3,33,333	34,804	3.66 Cr	34,804 of 3,33,333 3.66 Cr	0.1x
TOTAL	2,18,23,329	2,05,69,556	2,165.97 Cr	2,05,69,556 2,165.97 Cr	0.94x

Last Updated: 08 May 2026, 05:38 PM

Subscription Insights

Retail Allotment

Currently undersubscribed. Retail investors applying now have a high mathematical probability of receiving full allotment.

Caution Advised

The stock is trading at a discount (-3%) in the grey market, signaling potential listing at or below the issue price.

Day-wise Subscription History

Subscription trends over the last 3 days

Date	Total	QIB	BHNI	SHNI	Retail	Employee
25 Feb 2026 DAY 3	0.99x	2.99x	0.77x	0.07x	0.07x	0.1x
QIB 2.99x BHNI 0.77x SHNI 0.07x Retail 0.07x Employee 0.1x
24 Feb 2026 DAY 2	0.47x	1.21x	0.6x	0.04x	0.04x	0.05x
QIB 1.21x BHNI 0.6x SHNI 0.04x Retail 0.04x Employee 0.05x
23 Feb 2026 DAY 1	0.34x	1.03x	0.3x	0.01x	0.02x	0.02x
QIB 1.03x BHNI 0.3x SHNI 0.01x Retail 0.02x Employee 0.02x

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Anchor Investor Allocation

Breakdown of shares allotted to anchor investors before the IPO opening

#	Anchor Investor	Group Entity	Shares Allotted	Amt (₹ cr.)	% Allocated	% of Issue
1	ZULIA INVESTMENTS PTE.LTD.	ZULIA	631540	₹66.50 Cr	7.22%	2.15%
2	SBI LIFE INSURANCE CO.LTD.	SBI LIFE INSURANCE	631540	₹66.50 Cr	7.22%	2.15%
3	HDFC BUSINESS CYCLE FUND	HDFC MUTUAL FUND	474838	₹50.00 Cr	5.43%	1.61%
4	NOMURA INDIA INVESTMENT FUND MOTHER FUND	NOMURA	631540	₹66.50 Cr	7.22%	2.15%
5	PRUDENTIAL HONG KONG LTD.-PHKL ASIA PACIFIC ACTIVE GROWTH EQUITY PORTFOLIO-AHAPAG-EASTSPRING GROWTH EQUITIES TEAM	PRUDENTIAL	395640	₹41.66 Cr	4.52%	1.34%
6	EASTSPRING INVESTMENTS-ASIA OPPORTUNITIES EQUITY FUND	EASTSPRING	235900	₹24.84 Cr	2.70%	0.80%
7	360 ONE SPECIAL OPPORTUNITIES FUND-SERIES XII	360 ONE	237398	₹25.00 Cr	2.71%	0.81%
8	360 ONE SPECIAL OPPORTUNITIES FUND-SERIES IX	360 ONE	213668	₹22.50 Cr	2.44%	0.73%
9	360 ONE SPECIAL OPPORTUNITIES FUND-SERIES X	360 ONE	83118	₹8.75 Cr	0.95%	0.28%
10	360 ONE SPECIAL OPPORTUNITIES FUND-SERIES XIII	360 ONE	59360	₹6.25 Cr	0.68%	0.20%
11	FRANKLIN INDIA LARGE & MID CAP FUND	FRANKLIN TEMPLETON MUTUAL FUND	474838	₹50.00 Cr	5.43%	1.61%
12	PIONEER INVESTMENT FUND-SCHEME II	PIONEER	593558	₹62.50 Cr	6.79%	2.02%
13	PGIM INDIA FLEXI CAP FUND	PGIM INDIA MUTUAL FUND	170954	₹18.00 Cr	1.95%	0.58%
14	PGIM INDIA SMALL CAP FUND	PGIM INDIA MUTUAL FUND	164304	₹17.30 Cr	1.88%	0.56%
15	PGIM INDIA ELSS TAX SAVER FUND	PGIM INDIA MUTUAL FUND	71218	₹7.50 Cr	0.81%	0.24%
16	PGIM INDIA MULTI CAP FUND	PGIM INDIA MUTUAL FUND	38934	₹4.10 Cr	0.45%	0.13%
17	PGIM INDIA AGGRESSIVE HYBRID EQUITY FUND	PGIM INDIA MUTUAL FUND	19936	₹2.10 Cr	0.23%	0.07%
18	PGIM INDIA RETIREMENT FUND	PGIM INDIA MUTUAL FUND	9492	₹1.00 Cr	0.11%	0.03%
19	INDIAFIRST LIFE INSURANCE CO.LTD.	INDIAFIRST LIFE INSURANCE	474838	₹50.00 Cr	5.43%	1.61%
20	PANVIRA INDIA INNOVATION FUND	-	474838	₹50.00 Cr	5.43%	1.61%
21	ABU DHABI INVESTMENT AUTHORITY-MONSOON	ABU DHABI INVESTMENT	284914	₹30.00 Cr	3.26%	0.97%
22	CANARA HSBC LIFE INSURANCE CO.LTD.	CANARA HSBC	284914	₹30.00 Cr	3.26%	0.97%
23	MALABAR INDIA FUND LTD.	MALABAR	284914	₹30.00 Cr	3.26%	0.97%
24	SBI GENERAL INSURANCE CO.LTD.	SBI GENERAL INSURANCE	237426	₹25.00 Cr	2.71%	0.81%
25	BARODA BNP PARIBAS SMALL CAP FUND	BARODA BNP PARIBAS MUTUAL FUND	123466	₹13.00 Cr	1.41%	0.42%
26	BARODA BNP PARIBAS ENERGY OPPORTUNITIES FUND	BARODA BNP PARIBAS MUTUAL FUND	66472	₹7.00 Cr	0.76%	0.23%
27	UNION FLEXI CAP FUND	UNION MUTUAL FUND	142464	₹15.00 Cr	1.63%	0.48%
28	TRUST MF SMALL CAP FUND	TRUST MUTUAL FUND	66486	₹7.00 Cr	0.76%	0.23%
29	TRUST MF FLEXI CAP FUND	TRUST MUTUAL FUND	56980	₹6.00 Cr	0.65%	0.19%
30	TRUST MF MULTI CAP FUND	TRUST MUTUAL FUND	18998	₹2.00 Cr	0.22%	0.06%
31	CHANAKYA WEALTH CREATION FUND	CHANAKYA	142464	₹15.00 Cr	1.63%	0.48%
32	SUSQUEHANNA PACIFIC PTY.LTD.	SUSQUEHANN	142464	₹15.00 Cr	1.63%	0.48%
33	TATA INVESTMENT CORP.LTD.	TATA	94976	₹10.00 Cr	1.09%	0.32%
34	BNP PARIBAS FUNDS GLOBAL CLIMATE SOLUTIONS	BNP PARIBAS	94976	₹10.00 Cr	1.09%	0.32%
35	BHARTI AXA LIFE INSURANCE CO.LTD.	BHARTI AXA LIFE INSURANCE	94976	₹10.00 Cr	1.09%	0.32%
36	MOON CAPITAL TRADING PTE.LTD.	MOON CAPITAL	94976	₹10.00 Cr	1.09%	0.32%
37	VIRIDIAN ASIA OPPORTUNITIES MASTER FUND	VIRIDIAN	94976	₹10.00 Cr	1.09%	0.32%
38	SOCIETE GENERALE-ODI	SOCIETE GENERAL	94976	₹10.00 Cr	1.09%	0.32%
39	MERCURY SERIES UNION MID & SMALL CAP FUND	MERCURY	94962	₹10.00 Cr	1.09%	0.32%
40	CITIGROUP GLOBAL MARKETS MAURITIUS PVT.LTD.	CITIGROUP	94717	₹9.97 Cr	1.08%	0.32%
41	ASHIKA INDIA SELECT FUND	ASHIKA	47488	₹5.00 Cr	0.54%	0.16%
	Total		8,746,437	₹920.97 Cr	100.03%

Clean Max Enviro Energy Solutions IPO Allotment Probability

Retail

High

Undersubscribed — full allotment likely

NII / HNI

High

Undersubscribed

QIB

2.83x

Moderate institutional demand

Allotment probability is calculated based on current subscription multiples. Retail allotment is by lottery when oversubscribed; NII allotment is proportionate. Final numbers may change until subscription closes. This is not investment advice.

What Does This Subscription Data Mean?

IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:

QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.

Data sourced from BSE/NSE. Subscription numbers are updated during market hours (10 AM – 5 PM IST) on active subscription days.

Frequently Asked Questions

What is the current subscription status of Clean Max Enviro Energy Solutions IPO?

As of IPO close date (25 Feb, 2026), the Clean Max Enviro Energy Solutions IPO is subscribed 0.94x times. Retail category is 0.06x, and NII is 0.54x subscribed.

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

The allotment for Clean Max Enviro Energy Solutions IPO is expected to be finalized on 26 February, 2026.

What is the GMP of Clean Max Enviro Energy Solutions?

The Grey Market Premium (GMP) for Clean Max Enviro Energy Solutions is currently ₹-35, indicating a potential listing gain of -3%.

When will Clean Max Enviro Energy Solutions IPO list on the stock market?

Clean Max Enviro Energy Solutions is scheduled to list on BSE and NSE on 02 March, 2026.

What are the chances of getting allotment in Clean Max Enviro Energy Solutions IPO?

The retail category is currently undersubscribed at 0.06x, which means most applicants are likely to receive full allotment. This is a good window to apply if you haven't already.

What does QIB subscription of 2.83x mean for Clean Max Enviro Energy Solutions IPO?

Moderate — QIBs have subscribed 2.83x. Institutional demand is present but not overwhelming. Watch for any last-minute QIB surge on the final day.

How to check Clean Max Enviro Energy Solutions IPO allotment status?

After the allotment date (26 Feb, 2026), you can check your Clean Max Enviro Energy Solutions IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.