Clean Max Enviro Energy IPO: Allotment Timeline and How to Check

Clean Max Enviro Energy Solutions IPO Subscribed 0.99 Times on Final Day; Retail Demand Remains Muted​

Clean Max Enviro Energy IPO Sees Weak Overall Subscription on February 25​

The initial public offering of Clean Max Enviro Energy Solutions Ltd closed with tepid investor participation on February 25, as the issue was subscribed 0.99 times on the third and final day of bidding.

The mainboard IPO received bids for over 2.05 crore shares against 2.06 crore shares on offer, indicating that the issue narrowly missed full subscription.

While institutional investors showed interest, participation from retail and non-institutional categories remained subdued.

Category-Wise Subscription Details​

The subscription pattern reflected a sharp divergence across investor segments:

• Qualified Institutional Buyers subscribed their quota 2.99 times
• Non-Institutional Investors booked 0.57 times of their portion
• Retail Individual Investors subscribed just 0.07 times

The low retail response weighed on the overall subscription numbers despite strong interest from institutional buyers.

IPO Structure and Key Details​

The Clean Max Enviro Energy Solutions IPO opened for subscription on February 23 and was structured as a book-built issue aggregating ₹3,100 crore.

The public issue comprised:

• Fresh issue of 1.13 crore equity shares worth ₹1,200 crore
• Offer for Sale of 1.8 crore equity shares aggregating up to ₹1,900 crore

The price band for the issue was fixed at ₹1,000 to ₹1,053 per share.

Utilisation of IPO Proceeds​

The company plans to utilise ₹1,122.6 crore from the net proceeds towards debt repayment. The remaining funds will be used for general corporate purposes.

Clean Max Enviro Energy IPO Allotment Date and Listing Timeline​

The share allotment for the IPO is scheduled to be finalised on Thursday, February 26.

Shares will be credited to the Demat accounts of successful applicants on February 27. Refunds for non-allottees will be initiated on February 26.

The tentative listing date has been fixed as March 2. The shares will be listed on both the NSE and BSE.

How to Check Clean Max Enviro Energy IPO Allotment Status​

Investors can check their IPO allotment status through the following platforms:

Check Allotment Status on BSE​

1. Visit the BSE IPO allotment page
2. Select ‘Equity’ under Issue Type
3. Choose ‘Clean Max Enviro Energy Solutions Ltd’ from the issue name dropdown
4. Enter your IPO application number or PAN
5. Complete the Captcha verification
6. Click on ‘Search’ to view allotment details

Check Allotment Status on NSE​

1. Open the NSE IPO allotment page
2. Select ‘Equity & SME IPO Bid details’
3. Choose ‘CLEANMAX’ under Select Symbol
4. Enter your PAN and Application Number
5. Click on ‘Submit’ to proceed

Check Allotment Status on MUFG Intime India​

1. Visit the official IPO allotment page of MUFG Intime India
2. Select ‘Clean Max Enviro Energy Solutions Ltd’ from the list
3. Choose PAN, Application Number or DP ID/Client ID
4. Enter the required details
5. Click on ‘Submit’ to check allotment status

About Clean Max Enviro Energy Solutions​

Clean Max Enviro Energy Solutions operates in the commercial and industrial renewable energy segment. The company provides renewable power, energy services and carbon credit solutions to data centres, AI and technology companies, as well as commercial and industrial enterprises.

The IPO listing on March 2 will determine how the market responds after the near fully subscribed public issue.