CleanMax Enviro IPO opens for subscription on Monday. Here's what GMP indicates

Clean Max Enviro Energy Solutions’ Rs 3,100 crore IPO opens on Monday with a muted grey market premium of 0.4%, signalling flat listing expectations. The issue comprises a Rs 1,200 crore fresh issue and Rs 1,900 crore OFS. Proceeds will largely repay debt. Despite strong capacity growth, high borrowings and modest GMP temper near-term listing gains hopes.