Clean Max Enviro IPO opens today with latest GMP, key dates, and subscription details

Clean Max Enviro Energy Solutions IPO will open for subscription on February 23 and close on February 25, with a price band of ₹1,000–1,053 per share, valuing the issue at ₹12,325 crore at the upper end. Ahead of the public launch, the company raised ₹921 crore from anchor investors by allotting 87,46,437 shares at ₹1,053 each, with participation from major domestic and global institutional investors. The IPO comprises a fresh issue of ₹1,200 crore and an offer for sale of ₹1,900 crore, with a significant portion of the fresh proceeds earmarked for debt repayment. The issue reserves up to 50% for QIBs, at least 15% for NIIs, and at least 35% for retail investors, along with an employee reservation. The grey market premium currently stands at ₹3, indicating a marginal estimated listing gain of about 0.28% over the upper price band, with the trend moderating in recent sessions. Allotment is expected on February 26, refunds and demat credits will follow, and the shares are likely to list on BSE and NSE on March 2.