Clean Max Enviro Energy IPO GMP Live Updates: Clean Max IPO enters Day 2 of bidding with 34% subscription. Check GMP and other details – News Air Insight

The Rs 3,100 crore IPO of Clean Max Enviro Energy Solutions has entered Day 2 of bidding, with investor focus split between steady institutional demand and muted grey-market signals. The issue is being tracked closely amid mixed subscription trends and cautious listing expectations.

Clean Max Enviro Energy Solutions IPO GMP – Latest Details
As of February 24, 2026, the grey market premium stands at around Re 1, or roughly 0.09% above the upper end of the price band. This indicates a near-flat listing at prevailing trends, with no strong indication of short-term listing gains.

Clean Max Enviro Energy Solutions IPO Subscription Status
On Day 1, the IPO was subscribed 34% of the 2.18 crore shares on offer. Qualified Institutional Buyers led demand, with their portion oversubscribed 1.03 times. Non-Institutional Investors subscribed 20% of their allocation, while retail participation remained subdued at just 2%.

How to Subscribe Clean Max Enviro Energy Solutions IPO
Investors can apply for the IPO through ASBA-enabled bank accounts or via registered brokers on the BSE and NSE platforms, selecting the desired bid price within the notified price band and applying in the prescribed lot size.

Clean Max Enviro Energy Solutions IPO Price Band and Lot Size
The IPO is priced between Rs 1,000 and Rs 1,053 per share. The minimum application size is one lot of 14 shares, translating into a retail investment of Rs 14,742 at the upper price band.

Clean Max Enviro Energy Solutions IPO Closing and Allotment Date
The IPO will close on February 25, 2026. Share allotment is expected to be finalised on February 26, with the stock scheduled to list on the BSE and NSE on March 2, 2026.

Is Clean Max Enviro Energy Solutions IPO Worth Buying? Expert Reviews
Brokerage views remain mixed. Swastika Investmart has assigned a Neutral rating, citing aggressive valuation and limited scope for listing gains, though it acknowledges strong operating metrics. Aditya Birla Money has recommended the issue for long-term investors, pointing to growth opportunities in the C&I renewable energy segment and improving demand visibility.

With the grey market premium signalling minimal upside, short-term investors may remain cautious, while long-term investors may track the company’s deleveraging plans and execution momentum before taking exposure.