Clean Max Enviro Energy IPO Allotment Status: Here is How to Check on NSE and BSE

The initial public offering (IPO) of Clean Max Enviro Energy Solutions Ltd. concluded with muted investor participation on its third and final bidding day, February 25. The mainboard issue was subscribed 0.99 times overall, attracting bids for approximately 2.05 crore shares against 2.06 crore shares available.

Clean Max Enviro Energy IPO Subscription Details

Subscription trends showed a clear divergence among investor categories. Qualified Institutional Buyers (QIBs) demonstrated strong interest, subscribing to their allotted portion 2.99 times. In contrast, Non-Institutional Investors (NIIs) subscribed 0.57 times their quota, while the retail investor segment saw limited traction at just 0.07 times subscription.

The IPO of the commercial and industrial renewable energy solutions provider opened for public subscription on February 23. The basis of allotment is expected to be finalized on Thursday, February 26.

Clean Max Enviro Energy IPO Details

The ₹3,100 crore Clean Max Enviro Energy IPO comprised:

• A fresh issue of 1.13 crore equity shares worth ₹1,200 crore
• An offer for sale (OFS) of 1.8 crore shares aggregating up to ₹1,900 crore

Shares will be credited to the Demat accounts of successful applicants on February 27. Refunds for unsuccessful applicants are expected to be initiated on February 26. The IPO is tentatively scheduled to list on March 2 on both the NSE and BSE.

The price band for the offering was fixed between ₹1,000 and ₹1,053 per share. From the net proceeds, the company plans to allocate ₹1,122.6 crore toward debt repayment, with the remaining funds earmarked for general corporate purposes.

How to Check Clean Max Enviro Energy IPO Allotment Status?

Investors can verify their allotment status through the websites of the NSE, BSE, or the issue registrar, MUFG Intime India Pvt Ltd.

On BSE

• Visit the BSE IPO allotment page.
• Select “Equity” under Issue Type.
• Choose “Clean Max Enviro Energy Solutions Ltd” from the dropdown menu.
• Enter your IPO application number or PAN.
• Complete the captcha verification.
• Click “Search” to view allotment details.

On NSE

• Open the NSE IPO bid verification page.
• Click on “Equity & SME IPO Bid Details.”
• Select the symbol “CLEANMAX.”
• Enter your PAN number and application number.
• Click “Submit” to proceed.

On MUFG Intime India

• Visit the official MUFG Intime India IPO allotment page.
• Select “Clean Max Enviro Energy Solutions Ltd” from the company list.
• Choose any one option: PAN, Application Number, or DP ID/Client ID.
• Enter the required details.
• Click “Submit” to check your allotment status.

About Clean Max Enviro Energy

Clean Max Enviro Energy Solutions operates in the renewable energy space, offering green power solutions, energy management services, and carbon credit solutions. Its clientele includes data centers, AI and technology firms, as well as a broad base of commercial and industrial enterprises.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.