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Clean Max Enviro Energy IPO

Renewable Energy - Listed on 02 March 2026

-8.8% listing gain
Issue Price (Upper)
Rs 1,053
Listing Price
Rs 960
Closing Price (NSE)
Rs 867.5
Total Subscription
0.94x

Clean Max Enviro Energy IPO listing summary

Clean Max Enviro Energy (Renewable Energy) closed its IPO window in 2026 and listed on NSE and BSE on 02 March 2026 at an upper band issue price of Rs 1053, opening at Rs 960 for a listing gain of -8.8% and closing day one at Rs 867.5 (-17.6% on closing basis). The IPO was subscribed 0.94x overall - QIB 2.83x, HNI/NII 0.54x, Retail 0.06x. The total issue size was Rs 3,100 Cr (Fresh Issue Rs 1200 Cr, OFS Rs 1900 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.

Listing day performance

Listing Gain (Open)
-8.83%
Listing Gain (Close)
-17.62%
Day Change After Listing
-8.79%
Retail Quota
35.0%

Subscription breakdown

Final (Day 3) subscription

Number of times each investor category subscribed by close of Day 3.

QIB2.83x
HNI / NII0.54x
Retail0.06x
Overall0.94x

Day-wise overall subscription

How overall subscription built up across the three-day issue window.

Day 10.34x
Day 20.45x
Day 3 (Final)0.94x

Clean Max Enviro Energy IPO GMP history

Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.

DayGMP (Rs)GMP %
Day 1Rs -20-1.90%
Day 2Rs -20-1.90%
Day 3Rs -15-1.42%
Day 4Rs -5-0.47%
Day 5Rs 4+0.38%

GMP Prediction vs IPOGyani AI Prediction

Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.

GMP Prediction Range
-1.9%-0.4%
IPOGyani AI Prediction
-
Actual Listing Gain
-8.8%

Issue & financials

Issue SizeRs 3,100 Cr
Fresh IssueRs 1,200 Cr
OFSRs 1,900 Cr
IPO PE542.78
Peer / Sector PE244.42
PE vs Sector Ratio2.22
Latest EBITDA (Cr)67.87
Debt / Equity1.97

Market context at listing

How the broader market moved around the Clean Max Enviro Energy IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.

Nifty 3D Return-2.42%
Nifty 1W Return-3.30%
Nifty 1M Return+0.16%
Nifty during IPO window-2.76%

Clean Max Enviro Energy IPO - FAQs

What was the listing gain of Clean Max Enviro Energy IPO?

Clean Max Enviro Energy IPO listed at -8.8% versus the upper issue price of Rs 1,053 on 02 March 2026.

How many times was Clean Max Enviro Energy IPO subscribed?

Clean Max Enviro Energy IPO was subscribed 0.94x overall. QIB portion was subscribed 2.83x, HNI / NII 0.54x and Retail 0.06x.

What was the IPO GMP for Clean Max Enviro Energy?

IPO GMP started at Rs -20 on Day 1 and moved to Rs 4 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.

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