Clean Max Enviro Energy Solutions IPO Subscription Status

Mainboard
Minimum investment
₹ 14,742 14 shares
View IPO details

Data sourced from BSE & NSE · Compiled by IPO Ji · IPO subscription data last updated

Total 0.99x·QIB 2.99x·NII 0.57x·Retail 0.07x

Retail allotment likelyhigh allotment chance

Retail is currently subscribed 0.05× by applications, so retail applicants are likely to receive a full allotment, subject to the issue achieving its minimum subscription.

Clean Max Enviro Energy Solutions Limited Mainboard IPO was subscribed 0.99x in total when bidding closed on Feb 25, 2026, with 2.99x in the QIB category, 0.57x in NII, 0.07x in retail across BSE and NSE. The issue closed undersubscribed, with applications falling short of the shares on offer. The issue ran from Feb 23, 2026 to Feb 25, 2026 at a price band of ₹1,000–₹1,053 per share. Allotment was finalised on Feb 26, 2026.

QIB2.99xNII0.57xRetail0.07xTotal0.99x1x
Times subscribed by category against the 1× fully-subscribed line (bars capped at 10×).
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Subscription Details (No. of Shares)

Category Offer Applied Times
QIBs 5816014 17374756 2.99
NIIs 4368735 2476152 0.57
BNIIs (>10L) 2912490 2376304 0.82
SNIIs (<10L) 1456245 99848 0.07
Retail 10193715 683844 0.07
Employee 314795 34804 0.11
Total 20693259 20569556 0.99
Total Applications37,002 approx.

Application Wise Breakup (Approx.)

Category Reserve Applied Times
BNIIs (>10L) 14,860 107 0.01
SNIIs (<10L) 7,430 398 0.05
Retail 7,28,123 35,345 0.05
Employee - 1,114 -
Total Applications37,002 approx.

Subscription Details (In Crores)

Category Offered Demand Times
QIBs 612.43 1829.56 2.99
FIIs - 926.60 -
DIIs - 626.00 -
Mutual Funds - 29.93 -
Others - 247.04 -
NIIs 460.03 260.74 0.57
BNIIs (>10L) 306.69 250.22 0.82
SNIIs (<10L) 153.34 10.51 0.07
Retail 1073.4 72.01 0.07
Employee 33.15 3.66 0.11
TOTAL 2179 2165.97 0.99

Day-wise subscription

Total subscription trend0.36x to 0.99x+0.63x
0.00x1.00x1x0.36xDay 10.47xDay 20.99xDay 3
As on QIB
NII
bHNI
sHNI
Retail Total
Day 1
23 Feb 2026
5:00 PM
1.09x
0.21x
0.31x
0.01x
0.02x 0.36x
Day 2
24 Feb 2026
5:00 PM
1.27x
0.44x
0.63x
0.04x
0.04x 0.47x
Day 3
25 Feb 2026
5:00 PM
2.99x
0.57x
0.82x
0.07x
0.07x 0.99x

Subscription by number of applications

Anticipated subscription based on the number of applications received (an alternative to the shares-based figures above), sourced from BSE & NSE.

CategoryTimes (by applications)
bHNI0.01x
sHNI0.05x
Retail0.05x

What this means for allotment & listing

As the issue closed below 1x, applicants who bid had a higher chance of receiving a full allotment, subject to the issue having achieved its minimum subscription. In oversubscribed issues, shares are allotted according to the applicable category and exchange rules, so applicants are not guaranteed full allotment once an issue is oversubscribed. The number of times each category is subscribed is one indicator of demand, alongside the company's fundamentals and the broader market.

A high subscription figure reflects strong demand but does not guarantee a premium listing, and a low figure does not guarantee a discount. This page is for information only and is not investment advice. Investors should read the company's prospectus and consult a SEBI-registered adviser before making any decision.

Listed at BSE, NSE · Registrar: MUFG Intime India Pvt.Ltd. · Bidding data sourced from the BSE & NSE public-issue platforms under SEBI ICDR regulations.

IPO subscription status shows how many times an issue has been applied for, compared with the shares on offer, broken down by Qualified Institutional Buyers (QIB), Non-Institutional Investors (NII), and the Retail or SME Individual Investor category. A figure of "2x" means investors applied for twice the shares available. See how IPO subscription works and track all live IPOs →

Clean Max Enviro Energy Solutions IPO subscription FAQs

Clean Max Enviro Energy Solutions Limited IPO was subscribed 0.99x at close on Feb 25, 2026, with 2.99x in QIB, 0.57x in NII, 0.07x in retail.

Not yet. Clean Max Enviro Energy Solutions IPO was subscribed 0.99x, which is below 1x. Subscription often rises on the final day of bidding.

The Clean Max Enviro Energy Solutions IPO allotment was finalised on Feb 26, 2026. You can check your allotment status by PAN or application number on the registrar's website or on IPO Ji.

Clean Max Enviro Energy Solutions IPO has a price band of ₹1,000–₹1,053 per share, with a minimum retail application of ₹14,742 for 14 shares.

It means investors have applied for X times the number of shares the company is offering. For example, 5x means demand was five times the shares available. A figure above 1x is called oversubscription; below 1x is undersubscription.

No. The higher an issue is oversubscribed, the lower each applicant’s chance of allotment. In oversubscribed retail categories, shares are allotted by a computerised lottery, so every valid applicant has an equal chance regardless of how many lots they applied for.

QIB (Qualified Institutional Buyers) are large institutions like banks, mutual funds and insurers. NII (Non-Institutional Investors) are high-net-worth individuals and bodies applying above ₹2 lakh. Retail individual investors apply up to ₹2 lakh. Each category has a reserved portion of the issue.

IPO Ji updates subscription figures through the bidding day using data sourced from BSE and NSE. The "Last updated" time shown on the page reflects the most recent refresh.

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