Clean Max Enviro Energy IPO GMP Live Updates: Clean Max IPO enters day 2 of offering with a 34% subscription. Check GMP and other details – The Economic Times

Clean Max Enviro Energy Solutions’ Rs 3,100-crore IPO has entered day 2 of bidding, with investor focus divided between steady institutional demand and muted signals from the gray market. The issuance is being closely monitored amid mixed subscription trends and cautious listing expectations.Clean Max Enviro Energy Solutions IPO GMP – Latest Details
As of February 24, 2026, the gray market premium is approximately Re 1, or approximately 0.09% above the top of the price range. This indicates a broadly flat quote on prevailing trends, with no strong evidence of near-term listing gains.

Clean Max Enviro Energy Solutions IPO Subscription Status
On day 1, the IPO was subscribed to 34% of the offered shares of Rs 2.18 crore. Qualified institutional buyers led demand, with their share oversubscribed by 1.03 times. Non-institutional investors subscribed to 20% of their investments, while private participation remained moderate at only 2%.

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

Clean Max Enviro Energy Solutions IPO Price Range 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, which translates to a retail investment of Rs 14,742 in the higher price range.

Clean Max Enviro Energy Solutions IPO Closing and Allotment Date
The IPO will be completed on February 25, 2026. The allotment of shares is expected to be completed on February 26, following which the shares will be listed on the BSE and NSE on March 2, 2026.

Is the Clean Max Enviro Energy Solutions IPO worth buying? Expert reviews
Opinions from brokers remain mixed. Swastika Investmart has assigned a neutral rating, citing an aggressive valuation and limited opportunities for stock market gains, although the company acknowledges strong operating metrics. Aditya Birla Money has recommended the issue for long-term investors, pointing to growth opportunities in the renewable C&I energy segment and improvement in demand visibility.

With the gray market premium indicating minimal upside, short-term investors can remain cautious, while long-term investors can monitor the company’s deleveraging plans and execution momentum before taking a position.