Clean Max Enviro Shares Plunge 18% on Debut: Buy, Sell, or Hold?
MMoneycontrol•02-03-2026, 16:35
Clean Max Enviro Shares Plunge 18% on Debut: Buy, Sell, or Hold?
- •Clean Max Enviro shares settled 18% lower at Rs 867.50 on NSE on market debut day.
- •Shares listed at a discount against its IPO price, despite 94% subscription.
- •Listed at Rs 960 on NSE (8.83% discount) and Rs 952 on BSE (9.57% discount) against IPO price band of Rs 1,000-1,053.
- •Analysts advise long-term investors to hold; caution for listing gain investors due to limited upside.
- •Fresh investors are advised to wait for price stability; company focuses on net zero emissions and decarbonisation solutions.
