Clean Max Enviro Energy Solutions IPO Day 1: 36% Subscribed; QIB Portion Fully Booked, GMP Slips to Rs. 1.75
Clean Max Enviro Energy Solutions IPO Day 1: 36% Subscribed; QIB Portion Fully Booked, GMP Slips to Rs. 1.75
The IPO of Clean Max Enviro Energy Solutions opened for subscription on February 23 and witnessed a lukewarm overall response on Day 1, even as institutional investors showed interest
Subscription Update
As of the latest update, the IPO was subscribed 36% overall, reflecting a cautious response from investors.
Category-wise Subscription:
QIB: 1.09x (Fully Booked)
NII: 21%
Retail: 2%
Employee: 3%
While the Qualified Institutional Buyers (QIBs) portion has been fully subscribed, participation from retail and high-net-worth investors remains subdued.
