New Delhi, March 2 Shares of Clean Max Enviro Energy Solutions Ltd, a commercial and industrial renewable energy provider, began trading on Monday at a discount of nearly 10 per cent to the issue price of Rs 1,053.
The stock opened at Rs 952.20, down 9.57 per cent from the issue price on the BSE.
At the NSE, it listed at Rs 960, a discount of 8.83 per cent.
The company's market capitalization stood at Rs 10,111.54 crore.
The initial public offer of Clean Max Enviro Energy Solutions Ltd received 94 per cent subscription on the last day of share sale on Wednesday.
The Rs 3,100-crore IPO had a price band of Rs 1,000-1,053 per share.
The IPO included a fresh issue of shares worth up to Rs 1,200 crore and an offer-for-sale (OFS) of shares valued at Rs 1,900 crore by promoters and a shareholder.
Founded in 2010, CleanMax specializes in net zero emissions and decarbonization solutions for commercial and industrial customers. Its offerings include renewable power supply – wind, solar, hybrid – energy services, and carbon credit solutions.
