Clean Max IPO Subscription at 51% on Final Day: Clean Max IPO Sees Selective Institutional Interest

The Clean Max IPO closed its final day of bidding with a measured response from investors. By 12 pm on Wednesday, the issue was subscribed 51%, reflecting cautious participation in the primary market.

While institutional investors showed relatively stronger interest, retail demand remained limited. Here’s a closer look at how the Clean Max IPO performed and what the numbers indicate.

Market Performance: Clean Max IPO Subscription Status

As per data available on the NSE until 12 pm, the Clean Max IPO received bids for 1.11 crore shares against 2.18 crore shares offered.

That translates to an overall subscription of 51% on the final day.

Category-wise Subscription

• Qualified Institutional Buyers (QIBs): 1.35 times
• Non-Institutional Investors (NIIs): 51%
• Retail Individual Investors (RIIs): 5%

The subscription data shows a clear divergence. Institutional investors participated more actively, while retail response remained on the lower side.

The company had already raised Rs 921 crore from anchor investors before the issue opened for public bidding. That anchor participation added initial stability to the Clean Max IPO book-building process.

Clean Max IPO Price Band and Valuation

The Clean Max IPO was offered in the price band of:

• Rs 1,000 to Rs 1,053 per share

At the upper end of the band, the company is valued at Rs 12,325 crore.

This valuation places Clean Max Enviro Energy Solutions among notable renewable-focused players entering the listed space.

Clean Max IPO Timeline

Investors tracking the Clean Max IPO should note the key dates:

• Allotment Date (Expected): February 26
• Listing Date (Scheduled): March 2

The company is set to debut on the stock exchanges shortly after the allotment process is completed.

Company Details: About Clean Max Enviro Energy Solutions

Founded in 2010, Clean Max Enviro Energy Solutions operates in the renewable energy segment.

The company provides:

• Wind power solutions
• Solar energy projects
• Hybrid power supply systems
• Energy services
• Carbon credit solutions

Its focus remains on commercial and industrial (C&I) customers. The business model is built around providing clean energy solutions to enterprises looking to transition toward renewable sources.

The Clean Max IPO therefore represents a renewable energy player tapping public markets after building over a decade of operational presence.

Financial Data: Revenue and Profit Snapshot

Let’s break down the financials disclosed for the Clean Max IPO.

Revenue from Operations

• FY25: Rs 1,610.34 crore
• FY24: Rs 1,425.31 crore
• Growth: 13%

The company reported a steady 13% rise in revenue year-on-year.

Net Profit

• FY25 Net Profit: Rs 27.84 crore

The numbers indicate revenue growth in FY25 compared to the previous financial year.

What the Subscription Data Reflects?

The Clean Max IPO subscription pattern tells its own story.

• Institutional participation crossed 1.35 times, showing selective interest.
• NII response matched the overall subscription trend at 51%.
• Retail subscription stood at just 5%, indicating limited enthusiasm in that segment.

In recent primary market activity, differentiated participation often shapes the final subscription momentum. The Clean Max IPO followed a similar pattern, with QIBs leading demand.

Clean Max IPO: Key Numbers at a Glance

Summary: Clean Max IPO Closes with Mixed Investor Response

The Clean Max IPO concluded bidding with an overall 51% subscription. Institutional investors showed participation above 1 time, while retail demand remained subdued.

The company raised Rs 921 crore from anchor investors ahead of the issue. At the upper price band of Rs 1,053, Clean Max Enviro Energy Solutions is valued at Rs 12,325 crore.

With a 13% rise in revenue to Rs 1,610.34 crore in FY25 and reported net profit of Rs 27.84 crore, the company enters the listed space backed by financial growth.

The allotment is expected by February 26, and listing is scheduled for March 2.

As market participants track new listings, the performance of the Clean Max IPO now shifts focus from subscription figures to its debut on the exchanges.

Source: Moneycontrol