Overview
- Clean Max Enviro Energy Solutions opened at Rs 952.20 on BSE, 9.57% below its Rs 1,053 issue price, and at Rs 960 on NSE, an 8.83% discount.
- The Clean Max offer drew only 94% overall subscription with QIBs at 2.83 times, NIIs at 54%, retail at 6%, and the employee portion at 10%.
- Clean Max priced shares at Rs 1,000–1,053 with a lot size of 14, targeting Rs 3,100 crore via a Rs 1,200 crore fresh issue and a Rs 1,900 crore OFS.
- Shree Ram Twistex, which lists today, was subscribed 43.66 times overall with NIIs at 220.30 times, retail at 76.63 times, and QIBs at 3.94 times.
- Pre-listing grey-market indications pointed to discounted debuts for both issues, with Shree Ram Twistex last seen at a Rs 28 discount to its Rs 104 price and Clean Max near a Rs 35 discount.