Clean Max Enviro Energy Solutions Lists At ₹960 On March 2; Trades At ₹876.30 At 10:12 AM IST

Mumbai, March 2, 2026: Clean Max Enviro Energy Solutions Limited shares commenced trading on the exchanges at ₹960.00 on March 2, 2026, compared to the issue price of ₹1,053.00. As of 10:12 AM IST, the stock was trading at ₹876.30, according to exchange data.

The listing follows the conclusion of the company’s ₹3,100.00 crore initial public offering, which closed on February 25, 2026, with an overall subscription of 0.99 times across categories.

IPO Structure and Pricing Details

The book-built issue comprised a fresh issue of 1,13,96,011 shares aggregating to ₹1,200.00 crore and an offer for sale of 1,80,43,684 shares aggregating to ₹1,900.00 crore. The price band was set at ₹1,000.00 to ₹1,053.00 per share, with the final issue price fixed at ₹1,053.00 per share.

The lot size was 14 shares. The minimum investment for retail investors at the upper price band was ₹14,742.00. The employee reservation portion carried a discount of ₹100.00 per share.

Subscription Data as Per Exchange Records

As per exchange data at 6:54:45 PM on February 25, 2026 (Day 3), the IPO was subscribed 0.99 times in total. The Qualified Institutional Buyers (QIB) segment (excluding anchor investors) was subscribed 2.99 times, while the Non-Institutional Investors (NII) category recorded 0.57 times subscription.

The retail segment was subscribed 0.07 times and the employee category 0.11 times. In aggregate, bids were received for 2,05,78,432 shares against 2,06,93,259 shares on offer.

Share Price Snapshot On Listing Day At 10:12 AM IST

On debut, the stock opened at ₹960.00 and recorded an high of ₹960.00 and a low of ₹856.90. As of 10:12 AM IST, the shares were trading at ₹876.30, with a volume-weighted average price (VWAP) of ₹927.27.

The company is listed on BSE and NSE under scrip code 544717 and symbol CLEANMAX, respectively.

Source:

https://www.nseindia.com/get-quote/equity/CLEANMAX/Clean-Max-Enviro-Energy-Solutions-Limited