IPO Details
IPO Open Date
23 Feb 2026
IPO Close Date
25 Feb 2026
Issue Size
Approx ₹3,100 Crores
Price Band
₹1000 to ₹1053 Per Share
Total Applications
37,210
Listing Price
₹960.00
Listing Percent
-8.83%
Important Note
- "Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range.
- The portion of anchor investors (or market makers) is not included in the total number of shares offered.
Clean Max Enviro Energy IPO Subscription Status
| Investor Category | Subscription (times) | Shares Offered | Shares Bid For | Total Amount (₹ Cr) |
|---|---|---|---|---|
| Anchor | 1 | 87,46,437 | 87,46,437 | ₹ 921.000 |
| QIB (Ex Anchor) | 2.99 | 58,16,014 | 1,73,74,756 | ₹ 1,829.562 |
| NII | 0.57 | 43,68,735 | 24,76,152 | ₹ 260.739 |
| bNII (> ₹10L) | 0.82 | 29,12,490 | 23,76,304 | ₹ 250.225 |
| sNII (< ₹10L) | 0.07 | 14,56,245 | 99,848 | ₹ 10.514 |
| Retail | 0.07 | 1,01,93,715 | 6,92,720 | ₹ 72.943 |
| Employees | 0.11 | 3,14,795 | 34,804 | ₹ 3.665 |
| Total ** | 0.99 | 2,06,93,259 | 2,05,78,432 | ₹ 2,166.909 |
Day-wise Subscription Details (Times)
| Date | QIB (Ex Anchor) | NII | sNII (> ₹10L) | bNII (< ₹10L) | Retail | EMP | Total |
|---|---|---|---|---|---|---|---|
| 25 Feb 2026 | 2.99 | 0.57 | 0.82 | 0.07 | 0.07 | 0.11 | 0.99 |
| 24 Feb 2026 | 1.27 | 0.44 | 0.63 | 0.04 | 0.04 | 0.05 | 0.47 |
| 23 Feb 2026 | 1.09 | 0.21 | 0.31 | 0.01 | 0.02 | 0.03 | 0.36 |
Note: QIB = Qualified Institutional Buyers, NII = Non-Institutional Investors, sNII = Small NII, bNII = Big NII
IPO Shares Offered
| Category | Shares Offered | Amount (₹ Cr) | Size (%) |
|---|---|---|---|
| QIB | 1,45,62,451 | ₹ 1,533.43 | 49.47% |
| Anchor | 87,46,437 | ₹ 921.00 | 29.71% |
| QIB (Ex Anchor) | 58,16,014 | ₹ 612.43 | 19.76% |
| NII | 43,68,735 | ₹ 460.03 | 14.84% |
| bNII (> ₹10L) | 29,12,490 | ₹ 306.69 | 9.89% |
| sNII (< ₹10L) | 14,56,245 | ₹ 153.34 | 4.95% |
| Retail | 1,01,93,715 | ₹ 1,073.40 | 34.63% |
| Employee | 3,14,795 | ₹ 33.15 | 1.07% |
| Total | 2,94,39,696 | ₹ 3,100.00 | 100% |
Anchor Investors Allocation
Anchor Bid Date: 20 Feb 2026
Anchor Price: ₹1,053.00
| S.No. | Anchor Investor | Shares Allotted | Amount (₹ Cr) | % within Anchor | % of Issue |
|---|---|---|---|---|---|
| 1 |
ZULIA INVESTMENTS PTE.LTD.
ZULIA
|
6,31,540 | ₹ 66.50 | 7.22 | 2.15 |
| 2 |
SBI LIFE INSURANCE CO.LTD.
SBI LIFE INSURANCE
|
6,31,540 | ₹ 66.50 | 7.22 | 2.15 |
| 3 |
HDFC BUSINESS CYCLE FUND
HDFC MUTUAL FUND
|
4,74,838 | ₹ 50.00 | 5.43 | 1.61 |
| 4 |
NOMURA INDIA INVESTMENT FUND MOTHER FUND
NOMURA
|
6,31,540 | ₹ 66.50 | 7.22 | 2.15 |
| 5 |
PRUDENTIAL HONG KONG LTD.-PHKL ASIA PACIFIC ACTIVE GROWTH EQUITY PORTFOLIO-AHAPAG-EASTSPRING GROWTH EQUITIES TEAM
PRUDENTIAL
|
3,95,640 | ₹ 41.66 | 4.52 | 1.34 |
| 6 |
EASTSPRING INVESTMENTS-ASIA OPPORTUNITIES EQUITY FUND
EASTSPRING
|
2,35,900 | ₹ 24.84 | 2.70 | 0.80 |
| 7 |
360 ONE SPECIAL OPPORTUNITIES FUND-SERIES XII
360 ONE
|
2,37,398 | ₹ 25.00 | 2.71 | 0.81 |
| 8 |
360 ONE SPECIAL OPPORTUNITIES FUND-SERIES IX
360 ONE
|
2,13,668 | ₹ 22.50 | 2.44 | 0.73 |
| 9 |
360 ONE SPECIAL OPPORTUNITIES FUND-SERIES X
360 ONE
|
83,118 | ₹ 8.75 | 0.95 | 0.28 |
| 10 |
360 ONE SPECIAL OPPORTUNITIES FUND-SERIES XIII
360 ONE
|
59,360 | ₹ 6.25 | 0.68 | 0.20 |
| 11 |
FRANKLIN INDIA LARGE & MID CAP FUND
FRANKLIN TEMPLETON MUTUAL FUND
|
4,74,838 | ₹ 50.00 | 5.43 | 1.61 |
| 12 |
PIONEER INVESTMENT FUND-SCHEME II
PIONEER
|
5,93,558 | ₹ 62.50 | 6.79 | 2.02 |
| 13 |
PGIM INDIA FLEXI CAP FUND
PGIM INDIA MUTUAL FUND
|
1,70,954 | ₹ 18.00 | 1.95 | 0.58 |
| 14 |
PGIM INDIA SMALL CAP FUND
PGIM INDIA MUTUAL FUND
|
1,64,304 | ₹ 17.30 | 1.88 | 0.56 |
| 15 |
PGIM INDIA ELSS TAX SAVER FUND
PGIM INDIA MUTUAL FUND
|
71,218 | ₹ 7.50 | 0.81 | 0.24 |
| 16 |
PGIM INDIA MULTI CAP FUND
PGIM INDIA MUTUAL FUND
|
38,934 | ₹ 4.10 | 0.45 | 0.13 |
| 17 |
PGIM INDIA AGGRESSIVE HYBRID EQUITY FUND
PGIM INDIA MUTUAL FUND
|
19,936 | ₹ 2.10 | 0.23 | 0.07 |
| 18 |
PGIM INDIA RETIREMENT FUND
PGIM INDIA MUTUAL FUND
|
9,492 | ₹ 1.00 | 0.11 | 0.03 |
| 19 |
INDIAFIRST LIFE INSURANCE CO.LTD.
INDIAFIRST LIFE INSURANCE
|
4,74,838 | ₹ 50.00 | 5.43 | 1.61 |
| 20 |
PANVIRA INDIA INNOVATION FUND
PANVIRA
|
4,74,838 | ₹ 50.00 | 5.43 | 1.61 |
| 21 |
ABU DHABI INVESTMENT AUTHORITY-MONSOON
ABU DHABI INVESTMENT
|
2,84,914 | ₹ 30.00 | 3.26 | 0.97 |
| 22 |
CANARA HSBC LIFE INSURANCE CO.LTD.
CANARA HSBC
|
2,84,914 | ₹ 30.00 | 3.26 | 0.97 |
| 23 |
MALABAR INDIA FUND LTD.
MALABAR
|
2,84,914 | ₹ 30.00 | 3.26 | 0.97 |
| 24 |
SBI GENERAL INSURANCE CO.LTD.
SBI GENERAL INSURANCE
|
2,37,426 | ₹ 25.00 | 2.71 | 0.81 |
| 25 |
BARODA BNP PARIBAS SMALL CAP FUND
BARODA BNP PARIBAS MUTUAL FUND
|
1,23,466 | ₹ 13.00 | 1.41 | 0.42 |
| 26 |
BARODA BNP PARIBAS ENERGY OPPORTUNITIES FUND
BARODA BNP PARIBAS MUTUAL FUND
|
66,472 | ₹ 7.00 | 0.76 | 0.23 |
| 27 |
UNION FLEXI CAP FUND
UNION MUTUAL FUND
|
1,42,464 | ₹ 15.00 | 1.63 | 0.48 |
| 28 |
TRUST MF SMALL CAP FUND
TRUST MUTUAL FUND
|
66,486 | ₹ 7.00 | 0.76 | 0.23 |
| 29 |
TRUST MF FLEXI CAP FUND
TRUST MUTUAL FUND
|
56,980 | ₹ 6.00 | 0.65 | 0.19 |
| 30 |
TRUST MF MULTI CAP FUND
TRUST MUTUAL FUND
|
18,998 | ₹ 2.00 | 0.22 | 0.06 |
| 31 |
CHANAKYA WEALTH CREATION FUND
CHANAKYA
|
1,42,464 | ₹ 15.00 | 1.63 | 0.48 |
| 32 |
SUSQUEHANNA PACIFIC PTY.LTD.
SUSQUEHANN
|
1,42,464 | ₹ 15.00 | 1.63 | 0.48 |
| 33 |
TATA INVESTMENT CORP.LTD.
TATA
|
94,976 | ₹ 10.00 | 1.09 | 0.32 |
| 34 |
BNP PARIBAS FUNDS GLOBAL CLIMATE SOLUTIONS
BNP PARIBAS
|
94,976 | ₹ 10.00 | 1.09 | 0.32 |
| 35 |
BHARTI AXA LIFE INSURANCE CO.LTD.
BHARTI AXA LIFE INSURANCE
|
94,976 | ₹ 10.00 | 1.09 | 0.32 |
| 36 |
MOON CAPITAL TRADING PTE.LTD.
MOON CAPITAL
|
94,976 | ₹ 10.00 | 1.09 | 0.32 |
| 37 |
VIRIDIAN ASIA OPPORTUNITIES MASTER FUND
VIRIDIAN
|
94,976 | ₹ 10.00 | 1.09 | 0.32 |
| 38 |
SOCIETE GENERALE-ODI
SOCIETE GENERAL
|
94,976 | ₹ 10.00 | 1.09 | 0.32 |
| 39 |
MERCURY SERIES UNION MID & SMALL CAP FUND
MERCURY
|
94,962 | ₹ 10.00 | 1.09 | 0.32 |
| 40 |
CITIGROUP GLOBAL MARKETS MAURITIUS PVT.LTD.
CITIGROUP
|
94,717 | ₹ 9.97 | 1.08 | 0.32 |
| 41 |
ASHIKA INDIA SELECT FUND
ASHIKA
|
47,488 | ₹ 5.00 | 0.54 | 0.16 |
| Total | 8,746,437 | ₹ 920.97 | 100% | 29.69% |
Understanding IPO Subscription Status
What is Subscription Times?
Subscription times indicate how many times the IPO has been subscribed. For example, if subscription is 5x, it means the IPO received 5 times more applications than shares available.
Investor Categories
- QIB (Qualified Institutional Buyers): Large institutional investors like mutual funds, insurance companies, banks
- NII (Non-Institutional Investors): High net-worth individuals and corporates
- sNII: Small NII with investment above ₹2 lakhs but below ₹10 lakhs
- bNII: Big NII with investment above ₹10 lakhs
- Retail: Individual investors investing up to ₹2 lakhs
- Anchor Investors: Selected institutional investors who get allocation before IPO opens
How to Interpret the Data?
- Higher subscription times generally indicate strong demand
- Retail and NII oversubscription shows interest from individual investors
- QIB subscription reflects institutional confidence
- Day-wise data helps track momentum during the IPO period