Clean Max Enviro Energy Solutions IPO: Price band fixed at Rs 1,000–Rs 1,053; all you need to know
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India's leading commercial and industrial renewable energy company, CleanMax Enviro Energy Solutions, is set to hit the capital markets with its Rs 3,100 crore initial public offering (IPO). The company has set a price band of Rs 1,000–1,053 per share. The subscription opens on February 23 and closes on February 25. CleanMax Enviro Energy Solutions aims to raise Rs 3,100 crore through its upcoming IPO, which is divided into two components. The first is a fresh issue of 1.14 crore shares, aimed at raising Rs 1,200 crore to support the company's growth plans. The second is an offer for sale (OFS) of 1.80 crore shares, aggregating Rs 1,900 crore, allowing existing shareholders to partially exit. At the upper end of the price band, the company is expected to raise the full Rs 3,100 crore. The lot size for an application is 14. The minimum investment required for a retail investor is Rs 14,742 (14 shares) based on the upper price. Clea...