CleanMax's IPO subscribed on Final Day of Bidding; Strong QIB & NII support*

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CleanMax sees strong institutional backing from marquee FIIs & DIIs making the IPO a success.

The initial public offering of equity shares of face value of Re. 1 each of Clean Max Enviro Energy Solutions Limited (“CleanMax” or the “Company” and such offer as the “IPO” or “Offer”) was subscribed 99.26% on the final day of bidding.

 

QIB Portion was subscribed 2.99 times and NII (HNI) was subscribed 0.57 times.

 

*The Company would like to clarify the subscription details basis the information available at National Stock Exchange as under*:

 

(a) The Offer received bids of 2,05,69,122 shares against the offered 2,07,23,155 equity shares, at the upper end of the price band, i.e. Rs 1,053 per Equity Share; amounting to 99.26% subscription.

 

(b) The Offer received bids of 2,05,69,122 shares against the offered 2,18,23,329 equity shares, at the lower end of the price band, i.e. Rs 1,000 per Equity Share

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