Clean Max Enviro IPO Subscription Status
Clean Max Enviro IPO closed on 25 February 2026 with an overall subscription of 0.99x based on shares applied. QIB demand came in at 2.99x, NII at 0.57x, and retail at 0.07x.
Allotment will be finalised on 26 February 2026. The stock is scheduled to list on NSE and BSE on 2 March 2026.
Issue Price
Rs 1,053.00
GMP Today
Rs -35.00 (-3.32%)
Overall Subscription
0.99x
Issue Size
₹3,100.00 Cr
Allotment Date
26 Feb 2026
Listing Date
2 Mar 2026
Clean Max Enviro IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 1,053.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 612.43 Cr | Rs 1,829.56 Cr | 2.99x |
| FII | - | Rs 926.60 Cr | - |
| DFI | - | Rs 626.00 Cr | - |
| Mutual Funds | - | Rs 29.93 Cr | - |
| Other | - | Rs 247.04 Cr | - |
| NII | Rs 460.03 Cr | Rs 260.74 Cr | 0.57x |
| bNII (above Rs 10L) | Rs 306.69 Cr | Rs 250.22 Cr | 0.82x |
| Corporate | - | Rs 182.51 Cr | - |
| Individual | - | Rs 64.31 Cr | - |
| Other | - | Rs 3.40 Cr | - |
| sNII (Rs 2L to Rs 10L) | Rs 153.34 Cr | Rs 10.51 Cr | 0.07x |
| Corporate | - | - | - |
| Individual | - | Rs 10.33 Cr | - |
| Other | - | Rs 18.72 L | - |
| Retail | Rs 1,073.40 Cr | Rs 72.01 Cr | 0.07x |
| Cut-off price | - | Rs 59.67 Cr | - |
| Fixed price | - | Rs 12.34 Cr | - |
| Employee | Rs 33.15 Cr | Rs 3.70 Cr | 0.11x |
| Cut-off price | - | Rs 2.67 Cr | - |
| Fixed price | - | Rs 1.03 Cr | - |
| Total | Rs 2,179.00 Cr | Rs 2,166.01 Cr | 0.99x |
Clean Max Enviro IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 58,16,014 | 39 | 0.00x |
| FII | - | 18 | - |
| DFI | - | 7 | - |
| Mutual Funds | - | 5 | - |
| Other | - | 9 | - |
| NII | 22,289 | 568 | 0.03x |
| bNII (above Rs 10L) | 14,859 | 169 | 0.01x |
| Corporate | - | 12 | - |
| Individual | - | 153 | - |
| Other | - | 4 | - |
| sNII (Rs 2L to Rs 10L) | 7,430 | 399 | 0.05x |
| Corporate | - | - | - |
| Individual | - | 390 | - |
| Other | - | 9 | - |
| Retail | 7,28,122 | 35,405 | 0.05x |
| Cut-off price | - | 29,692 | - |
| Fixed price | - | 5,713 | - |
| Employee | 22,485 | 1,047 | 0.05x |
| Cut-off price | - | 863 | - |
| Fixed price | - | 184 | - |
| Total | 65,88,910 | 37,059 | 0.01x |
What Do These Subscription Numbers Mean?
A subscription of 0.99x by shares means the IPO received bids for 1 times the shares reserved. Allotment odds depend on application count in each category, not share volume.
Here is what each category number tells you:
QIB at 2.99x by shares: This is the strongest signal on the page. QIBs are institutional investors, mutual funds, foreign institutions, and banks. When they subscribe at 2.99x, it reflects serious institutional conviction.
NII at 0.03x by applications: NII includes high net worth individuals applying above Rs 2 lakh. Proportional allotment uses application subscription. bNII came in at 0.01x and sNII at 0.05x by applications. Share subscription was 0.57x. Allotment uses application count, not share volume.
null Retail allotment is done by lottery when oversubscribed.
null Employee reservation uses the same lottery logic as retail when oversubscribed.
Clean Max Enviro IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail
- •Application subscription: 0.05x.
- •One application per PAN. Multiple eligible accounts in a household can improve overall family odds, not individual odds.
SHNI (Rs 2 lakh to Rs 10 lakh)
- •Application subscription: 0.05x.
BHNI (above Rs 10 lakh)
- •Application subscription: 0.01x.
- •Share subscription was 0.82x. Allotment uses application count, not share volume.
Check the Clean Max Enviro IPO Allotment Status page from 26 February 2026 for your allotment result.
Clean Max Enviro IPO Day-wise Subscription
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 23 Feb 2026 | 1.09x | 0.21x | 0.02x | 0.36x |
| Day 2 - 24 Feb 2026 | 1.27x | 0.44x | 0.04x | 0.47x |
| Day 3 - 25 Feb 2026 | 1.42x | 0.55x | 0.05x | 0.54x |
Clean Max Enviro IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 23 February 2026 |
| IPO Close Date | 25 February 2026 |
| Allotment Date | 26 February 2026 |
| Refund Initiation | 27 February 2026 |
| Share Credit to Demat | 27 February 2026 |
| Listing Date | 2 March 2026 |
| Minimum Investment | Rs 14,742.00 |
| Lot Size | 14 shares |
About Clean Max Enviro IPO
No company information available
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors
High net worth individuals applying above Rs 2 lakh. Divided into bNII (above Rs 10 lakh) and sNII (Rs 2 lakh to Rs 10 lakh). NII allotment is proportional.
Retail - Retail Individual Investors
Investors applying up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Minimum one lot per successful applicant.
Clean Max Enviro IPO Subscription FAQs
What is Clean Max Enviro IPO IPO subscription status today?
Clean Max Enviro IPO IPO subscription closed on 25 February 2026 with overall subscription of 0.99x (by shares) as of 27 June 2026, 2:01 AM IST. QIB 2.99x, NII 0.03x, Retail 0.05x.
What is the overall subscription of Clean Max Enviro IPO IPO?
Clean Max Enviro IPO IPO is subscribed 0.99x overall by shares at close on 25 February 2026. QIB 2.99x, NII 0.03x, and Retail 0.05x.
What is Clean Max Enviro IPO IPO QIB subscription?
Clean Max Enviro IPO IPO QIB (Qualified Institutional Buyers) subscription is 2.99x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Clean Max Enviro IPO IPO Retail subscription?
Clean Max Enviro IPO IPO Retail subscription is 0.05x by applications. Minimum retail bid is up to Rs 2 lakh per PAN.
What is Clean Max Enviro IPO IPO NII subscription?
Clean Max Enviro IPO IPO NII (Non-Institutional Investors) subscription is 0.03x by applications. NII covers bids above Rs 2 lakh.
What are allotment chances in Clean Max Enviro IPO IPO for retail?
Clean Max Enviro IPO IPO retail allotment chances depend on final application oversubscription. Allotment is by lottery when retail subscription exceeds 1x.
When is Clean Max Enviro IPO IPO allotment date?
Clean Max Enviro IPO IPO allotment date is 26 February 2026. Check Clean Max Enviro IPO Allotment Status on IPOwiz from that day using your PAN.
When does Clean Max Enviro IPO IPO subscription close?
Clean Max Enviro IPO IPO subscription closed on 25 February 2026. No new applications are accepted after the close.
What is Clean Max Enviro IPO IPO GMP today?
Clean Max Enviro IPO IPO GMP is ₹-35 today (-3.32% over issue price ₹1,053). See live GMP on the Clean Max Enviro IPO GMP Today page.
What is Clean Max Enviro IPO IPO issue price and lot size?
Clean Max Enviro IPO IPO issue price is ₹1,053 per share. Lot size is 14 shares. Minimum investment is ₹14,742 per lot. Issue size: ₹3,100.00 Cr.
When is Clean Max Enviro IPO IPO listing date?
Clean Max Enviro IPO IPO listing date is 2 March 2026 on NSE and BSE. Allotment is on 26 February 2026.
How does subscription affect Clean Max Enviro IPO IPO allotment?
Allotment odds in Clean Max Enviro IPO IPO depend on application subscription in each category, not share volume. Retail uses lottery when oversubscribed. NII uses proportional allotment by applications. At 0.99x overall, competition is moderate.
For allotment results from 26 February 2026, visit the Clean Max Enviro IPO Allotment Status page. For listing day updates on 2 March 2026, download the IPOwiz App.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.