The initial public offering (IPO) of Clean Max Enviro Energy Solutions witnessed a muted demand on the third and final day of bidding on Feb. 25. The mainboard IPO remained undersubscribed with an overall booking of 0.94 times.
The IPO received bids for 2,05,69,556 shares against 2,18,23,329 on offer.
The Non-Institutional Investors (NIIs) subscribed their quota 0.54 times, while the retail portion of the IPO was booked only 0.06 times. The Qualified Institutional Buyers (QIBs) subscribed their segment 2.83 times.
The Clean Max Enviro Energy Solutions IPO was a book-built issue of Rs 3,100 crore. It was a combination of a fresh issue of 1.14 crore shares, amounting to Rs 1,200 crore, and an offer-for-sale (FOS) component of 1.8 crore shares, worth Rs 1,900 crore. The price band for the IPO was fixed between Rs 1,000 and Rs 1,053 per share.
Following the closure of the bidding window, the IPO share allotment is expected to be finalised on Feb. 26. Refunds for unsuccessful applicants will also be initiated on the same day. Successful bidders will receive the shares in their Demat accounts on Feb. 27. The Clean Max Enviro Energy Solutions IPO listing date has been tentatively fixed as March 2. Shares of Max Enviro Energy Solutions Ltd. will be listed on the NSE and BSE.
The IPO bidders can check the share allotment status on the websites of the NSE, BSE and the issue registrar, MUFG Intime India.
Clean Max Enviro Energy Solutions IPO: Steps To Check Allotment Status On BSE
Visit the BSE IPO allotment page here.
Select Equity under the Issue Type field.
From the Issue Name dropdown, choose Clean Max Enviro Energy Solutions Ltd.
Enter your Application Number or PAN.
Complete the captcha verification.
- Click Search to view your allotment status.
Steps to Check Clean Max Enviro Energy Solutions IPO Allotment Status on NSE
Open the NSE IPO allotment page here.
Select Equity & SME IPO Bid Details.
Choose CLEANMAX from the list of company symbols.
Enter your PAN and Application Number.
- Click Submit to check your allotment status.
Clean Max Enviro Energy Solutions IPO: How To Check Allotment Status On MUFG Intime India
Visit the IPO allotment page here.
From the company dropdown list select Clean Max Enviro Energy Solutions Ltd.
Choose one of the available options: PAN, Application Number, DP/Client ID, or Account No/IFSC.
Enter the corresponding details based on your selection.
Click Submit to view your allotment status.
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Clean Max Enviro Energy Solutions IPO GMP Today
According to InvestorGain, the grey market premium (GMP) for the Clean Max Enviro Energy Solutions IPO indicates a discount of Rs 17 per share. The GMP hints at listing of shares at Rs 1,036 apiece at a potential discount of 1.61% compared to the upper limit of the issue price of Rs 1,053 per share.
Note: GMP does not represent official data and is based on speculation.
About Clean Max Enviro Energy Solutions
Clean Max Enviro is a commercial and industrial renewable energy provider. The company's offerings include renewable power supply, energy services and carbon credit solutions. Its client base comprises technology companies as well as conventional commercial and industrial customers.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.
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