Clean Max Enviro Energy IPO Allotment Status: Check on MUFG Intime, BSE & NSE

Clean Max Enviro Energy Solutions Ltd wrapped up its ₹3,100 crore IPO on 25 Feb 2026. The issue closed with a total subscription of just 0.99x, staying just under the full subscription mark. QIBs (Qualified Institutional Buyers, meaning big funds and institutions) were the only category that crossed the line, while retail and NII (Non-Institutional Investors, usually high-net-worth individuals) both stayed well below 1x.

The allotment date is 26 Feb 2026. This blog will walk you through how to check your allotment status, what the subscription numbers mean, where GMP (Grey Market Premium, an unofficial price signal) stands, and what happens next.

Important Dates

• Allotment Date: 26 Feb 2026
• Refund Initiation: 26 Feb 2026
• Demat Credit: 27 Feb 2026
• Listing Date: 2 Mar 2026 (Tentative)

How to Check Clean Max Enviro IPO Allotment Status

Method 1: Check on BSE

• Open the BSE IPO allotment page: https://www.bseindia.com/investors/appli_check.aspx
• Choose "Equity" as the issue type.
• Select "Clean Max Enviro Energy Solutions Ltd" from the dropdown list.
• Enter your application number or PAN, and the captcha code.
• Click "Search" to view whether shares have been allotted to you.

Method 2: Check on NSE

• Go to the NSE IPO allotment status page: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Click on "Equity & SME IPO bid details”.
• Select "Clean Max Enviro Energy Solutions Ltd" from the issue name list.
• Enter your application number or PAN.
• Submit to see if you have received shares or not.

Method 3: Check on MUFG Intime (Registrar)

• Visit MUFG Intime's public issues page: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
• Choose "Clean Max Enviro Energy Solutions Ltd" from the dropdown.
• Select your search option: PAN, DP ID/Client ID, or Application Number.
• Click "Submit" to view your detailed allotment status.

Clean Max Enviro IPO Subscription Details

Source: chittorgarh.com

A few things stand out from these numbers:

• QIBs crossed 1x on Day 1 itself and finished at 2.99x, showing that big institutional money was the main driver. Retail and NII interest stayed very muted throughout.
• Since the overall issue ended at 0.99x (just under full subscription), retail investors who applied have a fairly high chance of getting shares, as the category was barely touched at 0.07x.
• Unlike heavily oversubscribed IPOs, where retail allotment comes down to a lottery, here the undersubscription actually works in applicants' favor. Most retail applicants may receive the full lot they applied for.

Also Read: Clean Max Enviro Energy IPO Explained: Business Model, Risks, Valuation, Financials

Clean Max Enviro IPO GMP Update

GMP for Clean Max started mildly positive at ₹4 (about 0.38%) a day before the IPO opened. It slipped to ₹1 on Day 1, then turned negative at -₹3 on Day 2. By the closing day (25 Feb), GMP had fallen further to -₹17, implying a discount of about 1.61% below the issue price. On allotment day (26 Feb), it recovered slightly to -₹8, suggesting a possible listing around 0.76% below the issue price of ₹1,053.

The GMP trend broadly reflects the muted subscription. Sentiment cooled as the issue progressed.

Disclaimer: GMP is completely unofficial and unregulated. It trades in informal markets and can shift sharply even hours before listing. Do not use it as a guarantee of listing price.

What’s Next After Allotment?

If shares are allotted to you:

• Your allotment status page will show shares credited against your application.
• Shares will appear in your demat account on 28 Feb 2026.
• If you applied for more than one lot and only one was available, the extra amount blocked in your bank (via UPI mandate) will be released.
• Keep an eye on listing day activity on 2 Mar 2026 and decide your strategy based on your investment horizon.

If shares are not allotted to you:

• The full amount blocked via UPI will be unblocked and returned to your bank account by 27 Feb 2026.
• You will not receive any shares.
• You can still buy Clean Max Enviro shares from the stock exchange after listing on 2 Mar 2026.
• The overall undersubscription actually means most retail applicants likely got an allotment, so a "no allotment" result here would be less common than in oversubscribed IPOs.

For detailed information, visit Clean Max Enviro’s official IPO page at INDmoney.

Final Word

Clean Max Enviro's IPO closed at 0.99x, just short of full subscription, with retail interest barely registering at 0.07x. For investors who got allotment, listing expectations remain modest given the negative GMP trend and the undersubscribed retail category.

For more IPOs, check INDmoney’s IPO tracker here.

Disclaimer

Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. Please be informed that merely opening a trading and demat account will not guarantee investment in securities in the IPO. Investors are requested to do their own independent research and due diligence before investing in an IPO. Please read the SEBI-prescribed Combined Risk Disclosure Document prior to investing. This post is for general information and awareness purposes only and is nowhere to be considered as advice, recommendation, or solicitation of an offer to buy or sell, or subscribe for securities. INDstocks is acting as a distributor for non-broking products/services such as IPO, Mutual Fund, and Mutual Fund SIP. These are not exchange-traded products. All disputes with respect to the distribution activity would not have access to the Exchange investor redressal forum or the Arbitration mechanism. INDstocks Private Limited (formerly known as INDmoney Private Limited) does not provide any portfolio management services, nor is it an investment adviser. Logos above are the property of respective trademark owners, and by displaying them, INDstocks has no right, title, or interest in them. SEBI Stock Broking Registration No: INZ000305337, Trading and Clearing Member of NSE (90267, M70042) and BSE, BSE StarMF (6779), SEBI Depository Participant Reg. No. IN-DP-690-2022, Depository Participant ID: CDSL 12095500, Research Analyst Registration No. INH000018948 BSE RA Enlistment No. 6428.