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Clean Max Enviro IPO: Day 2 Sees 42% Subscription Amidst Sluggish Grey Market; Experts Weigh In
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Clean Max Enviro IPO: 42% Subscribed on Day 2, Grey Market Sluggish; Experts Divided
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Moneycontrol
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24-02-2026, 15:14
Clean Max Enviro IPO: 42% Subscribed on Day 2, Grey Market Sluggish; Experts Divided
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Clean Max Enviro Energy Solutions' ₹3,100 crore IPO is 42% subscribed by Day 2, with bidding open until February 25.
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QIBs show strong interest (1.21x subscribed), while retail (4%), NII (31%), and employee (5%) categories lag.
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Price band is ₹1,000-₹1,053 per share; minimum investment is ₹14,742 for 14 shares.
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Company provides renewable power and carbon credit solutions; ₹1,122.6 crore from fresh issue to repay debt.
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Experts are divided: some advise 'Subscribe' for long-term due to demand for renewable energy, others 'Neutral' citing high valuation and debt.
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