Clean Max Enviro IPO GMP Today: Flat Listing Ahead?

Clean Max Enviro IPO GMP today, 23 February 2026, is around ₹3 to ₹4. That means the expected listing gain is hardly 0.28 percent to 0.38 percent. The grey market trend clearly shows cooling excitement as the subscription window opens.

Latest GMP and Listing Estimate

Clean Max Enviro Energy Solutions has a price band of ₹1,000 to ₹1,053 per share. With a GMP of ₹3–₹4, the estimated listing price comes near ₹1,056 to ₹1,057.

Just a week ago, the GMP had touched ₹14 on 17 February. Now it has slipped sharply. This drop usually reflects softer demand expectations or cautious investor mood.

A low GMP does not always mean a bad IPO. But it does suggest limited listing pop.

Important IPO Dates and Size

The subscription period runs from 23 February to 25 February 2026. The total issue size is ₹3,100 crore. Out of this, ₹1,200 crore is a fresh issue and ₹1,900 crore is offer for sale.

The lot size is 14 shares. Minimum retail investment stands at ₹14,742. Allotment is expected on 26 February. Listing is tentatively scheduled for 2 March 2026 on both BSE and NSE.

These are big numbers. A large issue size sometimes limits explosive listing gains.

Market Sentiment Check

Clean Max Enviro is a renewable energy player backed by Brookfield. The business model looks solid on paper. Demand for clean energy in India keeps growing.

Yet, current grey market signals are muted. Investors may be waiting to see subscription figures, especially from QIB and NII categories. Strong institutional demand can change mood quickly.

Right now, expectations are simple. Flat to mild listing gain.

Should You Expect Quick Profits?

If you are applying only for listing gains, the GMP suggests modest returns. Not dramatic. Long-term investors may look more at company fundamentals rather than day-one pop.

The next two days of subscription data will matter a lot. Oversubscription in retail or institutional portion can shift sentiment again.

For now, Clean Max Enviro IPO GMP today tells one clear story. This may not be a blockbuster listing, but the final outcome depends on demand before closing day.