
Clean Max IPO share allotment is expected to be finalised later tonight, February 26, after the issue drew an investor demand of 94 percent in the primary market.
The Rs 3,100-crore Clean Max Enviro Energy Solutions IPO was open for subscription between February 23-25. The commercial and industrial renewable energy provider had fixed the price band at Rs 1,000-1053 per share. Ahead of the public bidding, the company raised Rs 921 crore from anchor investors.
IPO Applicants can check their Clean Max IPO allotment status on the official website of the registrar, MUFG Intime India Pvt Ltd (formerly Link Intime India Pvt Ltd), by entering their application number or PAN. The status will also be available on the BSE and NSE websites.
Gaurav Garg, Lemonn Markets Desk, said "The Rs3,100-crore IPO of Clean Max Enviro Energy was subscribed 94 per cent on the last day of bidding, reflecting a measured investor response in the current market environment. The trend suggests that while institutions appear constructive on the business model, broader investor participation remained cautious, likely factoring in valuation comfort, capital intensity, and near-term return visibility. For investors, this issue underscores the importance of aligning expectations with long-term execution rather than short-term listing performance."
Step 1: Open the link to the official registrar of the issue on this URL: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
Step 2: Select the company from the dropdown menu.
Step 3: You can check your allotment status by filling in details like PAN, application number or DP client ID.
Step 4: Press the Submit button
Step 5: Your allotment status will be shown in the window.
Step 1: Open the website of NSE by clicking on this direct link (https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp).
Step 2: Select the company 'Clean Max' by selecting Equity & SME IPO bid details
Step 3: Investors can check the allotment status by filling in details like their IPO Application number or PAN details after selecting company symbol.
Step 4: Press the Submit button
Step 5: The allotment status will be shown in the window.
Step 1: Open the website of BSE by clicking on this direct link (https://www.bseindia.com/investors/appli_check.aspx)
Step 2: Select Equity in the issue type.
Step 3: Fill in the required details including the 'Issue Name'.
Step 4: Enter PAN number and click on Search to view the status
Step 5: The allotment status will be shown in the window.
According to platforms tracking the grey market activities, the shares of Clean Max are commanding a flat GMP.
Clean Max IPO shares will be listed on both NSE and BSE on March 2.
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