Clean Max Enviro IPO Day 3 LIVE: Issue booked 45% so far. GMP signals weak trend. Check key dates, review. Apply or not?

Clean Max Enviro IPO Day 3 LIVE: Tentatively, Clean Max Enviro Energy Solutions IPO basis of allotment of shares will be finalised on Thursday, February 26 and the company will initiate refunds on Thursday, while the shares will be credited to the demat account of allottees on Friday, February 27. Clean Max Enviro Energy Solutions share price is likely to be listed on BSE and NSE on Monday, March 2. Clean Max Enviro IPO Day 3 LIVE: The IPO subscription rate of 45 percent by the second day of its share sale on Tuesday. The IPO received offers for over 97 lakh (97,59,106) shares, compared to more than 218 lakh (2,18,23,329) shares available, based on data from the NSE. The category for qualified institutional buyers was subscribed 1.21 times, whereas the segment for non-institutional investors reached a 41 percent subscription. The portion for Retail Individual Investors garnered a subscription rate of 4 percent. Clean Max Enviro IPO Day 3 LIVE: Clean Max Enviro IPO GMP is -3. Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Clean Max Enviro shares is indicated as ₹1,050 apiece, which is 0.28% lower than the IPO price of ₹1,053. According to the recent trends observed in the last 15 sessions of grey market activities, the current IPO GMP indicates a tendency toward a discount, suggesting a potential discount listing. The most significant GMP recorded is ₹14, while the lowest stands at ₹-3.00, as per expert analysis. 'Grey market premium' indicates investors' readiness to pay more than the issue price. Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.