Subscription Status · Feb 23 – Feb 25, 2026 · ₹1,000–1,053
The Clean Max Enviro Energy Solutions IPO subscription has recorded moderate investor demand with an overall subscription of 0.99× as of Feb 25, 2026, indicating that investors applied for 0.99 times the number of shares on offer. All investor categories (institutional, HNI, and retail) have participated actively, making this one of the closely watched IPO openings.
Last updated: Feb 25, 2026, 9:19 PM IST
| Category | Shares Offered | Shares Bid For | Times Subscribed |
|---|---|---|---|
|
QIB
Qualified Institutional Buyers
|
5,816,014 | 17,374,756 |
2.99×
|
|
NII
Non-Institutional Investors
|
4,368,735 | 2,476,152 |
0.57×
|
|
bNII
Bids above ₹10L
|
2,912,490 | 2,376,304 |
0.82×
|
|
sNII
Bids below ₹10L
|
1,456,245 | 99,848 |
0.07×
|
|
Retail
Retail Individual Investors
|
10,193,715 | 692,720 |
0.07×
|
|
Employees
Employee Category
|
314,795 | 34,804 |
0.11×
|
|
Total
|
20,693,259 | 20,578,432 |
0.99×
|
How subscription built up across investor categories over time
Snapshot of each day's bidding activity
| Category | Offered | Bid For | Times |
|---|---|---|---|
| QIB | 5,816,014 | 6,343,526 | 1.09× |
| NII | 4,368,735 | 921,046 | 0.21× |
| bNII | 2,912,490 | 906,766 | 0.31× |
| sNII | 1,456,245 | 14,280 | 0.01× |
| Retail | 10,193,715 | 147,826 | 0.01× |
| Employees | 314,795 | 5,880 | 0.02× |
| Total | 20,693,259 | 7,418,278 | 0.36× |
| Category | Offered | Bid For | Times |
|---|---|---|---|
| QIB | 5,816,014 | 7,411,880 | 1.27× |
| NII | 4,368,735 | 1,531,894 | 0.35× |
| bNII | 2,912,490 | 1,498,420 | 0.51× |
| sNII | 1,456,245 | 33,474 | 0.02× |
| Retail | 10,193,715 | 277,900 | 0.03× |
| Employees | 314,795 | 12,894 | 0.04× |
| Total | 20,693,259 | 9,234,568 | 0.45× |
| Category | Offered | Bid For | Times |
|---|---|---|---|
| QIB | 5,816,014 | 17,374,756 | 2.99× |
| NII | 4,368,735 | 2,476,152 | 0.57× |
| bNII | 2,912,490 | 2,376,304 | 0.82× |
| sNII | 1,456,245 | 99,848 | 0.07× |
| Retail | 10,193,715 | 692,720 | 0.07× |
| Employees | 314,795 | 34,804 | 0.11× |
| Total | 20,693,259 | 20,578,432 | 0.99× |
As of February 25, 2026, the Clean Max Enviro Energy Solutions IPO has been subscribed 0.99 times overall. The IPO subscription is below 1×.
The Clean Max Enviro Energy Solutions IPO subscription window was open from February 23, 2026 to February 25, 2026. Investors could apply through their demat account or ASBA facility.
The Clean Max Enviro Energy Solutions IPO has a price band of ₹1,000 to ₹1,053 per share, with a lot size of 14 shares. Minimum retail investment: ₹14,000 (lower band) or ₹14,742 (upper band).
The QIB category has been subscribed 2.99 times. QIBs were offered 5,816,014 shares.
Retail investors subscribed 0.07 times. Retail was offered 10,193,715 shares. Below 1× indicates moderate retail interest.
Overall NII: 0.57×. bNII (>₹10L): 0.82×, sNII (<₹10L): 0.07×. NII includes HNIs and corporate entities investing above ₹2 lakh.
Basis of allotment is on February 26, 2026. Check via the registrar's website, MUFG Intime India Pvt.Ltd using your PAN number, application number, or DP/Client ID. You can also check on BSE/NSE websites or through your broker's app.
Clean Max Enviro Energy Solutions IPO is expected to list on March 02, 2026. Shares will list on NSE,BSE. Allotted shares are credited to your demat account 1 business day before listing.
A subscription multiple of 0.99× means investors have bid for 0.99 times the total shares available. The IPO is not yet fully subscribed, applicants have a higher probability of receiving full allotment.
Based on the current retail subscription of 0.07×, the estimated allotment probability for retail investors is High. Applicants likely to get full allotment. If final subscription stays below 1×, all applicants are likely to get full allotment.
You can apply for Clean Max Enviro Energy Solutions IPO through: (1) ASBA (Application Supported by Blocked Amount) via your bank's net banking or mobile app, (2) UPI-based application through your broker's app (Zerodha, Groww, Angel One, etc.), or (3) directly via your demat account. The amount is blocked in your account and deducted only upon allotment. Applications were accepted from Feb 23 to Feb 25, 2026.
The grey market premium (GMP) reflects unofficial pre-listing trading sentiment. For the latest Clean Max Enviro Energy Solutions IPO GMP data, check the IPORise GMP page. Note: GMP is unofficial, speculative, and not a guaranteed indicator of listing price. Use it only as a sentiment signal alongside official subscription data.
New to reading subscription numbers? Read our guide on IPO subscription explained.
Subscription Opens Done
Feb 23, 2026Subscription Closes Done
Feb 25, 2026Basis of Allotment Done
Feb 26, 2026Listing on NSE,BSE Done
Mar 02, 2026Applicants likely to get full allotment. Based on retail subscription of 0.07×.
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Higher subscription = lower allotment probability. Progress bars compare each category relative to the highest-subscribed category.