Clean Max IPO Plunges 27%, Hits Lower Circuit on Disappointing Listing Day

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Clean Max Enviro Shares Plunge 27% on Listing Day, Hit Lower Circuit

Clean Max Enviro Shares Plunge 27% on Listing Day, Hit Lower Circuit

C

CNBC Awaaz•02-03-2026, 12:20

Clean Max Enviro Shares Plunge 27% on Listing Day, Hit Lower Circuit

•Clean Max Enviro Energy Solutions Ltd. shares fell 27% on listing day, hitting the lower circuit.
•The stock opened at Rs 960, below its issue price of Rs 1,053, disappointing IPO investors.
•Heavy selling pressure led to the rapid decline, locking the share at Rs 768.
•Lower circuit indicates a temporary halt in trading to prevent further sharp drops.
•Market experts suggest listing day performance isn't the full story; company's business strength will determine future stability.

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