IPO Alert: Prices fall in gray market, but TATA Group makes a big move; Everyone’s attention to ‘this’ IPO!

  • Prices fell in the gray market but a strong comeback?
  • What is special about this IPO?
  • When will the listing in the stock market?

CleanMax IPO: There is big news for investors waiting for the IPO of CleanMax Enviro Energy Solutions, which operates in the renewable energy sector. The company has raised Rs 921 crore from Anchor Investors even before this IPO is open to retail investors.
According to the official information given by BSE, many leading financial institutions from home and abroad have participated in the ‘Anchor Investment’ round of Cleanmax Enviro Energy Solutions. There has been a lot of enthusiasm among large investors to invest in this IPO, in which the share of domestic institutional investors (DIIs) has been 68 percent. Foreign Institutional Investors (FIIs) have taken the remaining 32 percent share. The interest shown by Indian investors in this IPO is considered important for the company’s future growth.

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When will the IPO come?

Cleanmax Enviro Energy Solutions’ Rs 3,100 crore IPO will open for subscription on February 23. The company has fixed a price range of Rs 1,000-1,053 per share for the IPO. At the upper price level, the company’s valuation is estimated at Rs 12,325 crore. It will involve issuance of new shares worth Rs 1,200 crore, while shares worth Rs 1,900 crore will be offered for sale (OFS) by promoters and existing shareholders. The premium for gray market IPOs is discounted.
As of March 31, 2025, Cleanmax Enviro is the largest provider of renewable energy solutions to commercial and industrial customers in India. As of July 31, 2025, the company operated, owned and managed 2.54 GW of renewable energy capacity while an additional 2.53 GW of additional capacity was either under construction or secured through contractual arrangements for future development.

When will the listing in the stock market?

As per the proposed timeline, the company plans to finalize the IPO allotment on Thursday, February 26. Applicants who do not get shares are expected to get refund on the same day. Successful investors can get the allotted equity shares in their demat accounts by Friday, February 27. After final approval, the shares will be listed on both BSE and NSE on Monday, March 2.

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