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Clean Max IPO Plunges 27%, Hits Lower Circuit on Disappointing Listing Day
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Clean Max Enviro Shares Plunge 27% on Listing Day, Hit Lower Circuit
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CNBC Awaaz
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02-03-2026, 12:20
Clean Max Enviro Shares Plunge 27% on Listing Day, Hit Lower Circuit
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Clean Max Enviro Energy Solutions Ltd. shares fell 27% on listing day, hitting the lower circuit.
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The stock opened at Rs 960, below its issue price of Rs 1,053, disappointing IPO investors.
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Heavy selling pressure led to the rapid decline, locking the share at Rs 768.
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Lower circuit indicates a temporary halt in trading to prevent further sharp drops.
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Market experts suggest listing day performance isn't the full story; company's business strength will determine future stability.
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