Two initial public offerings (IPOs) attracting investor attention this week are those ofClean Max Enviro Energy SolutionsandShree Ram Twistex, each representing very different sectors and market sentiments.
Clean Max Enviro Energy Solutionsis a renewable energy provider launching one of the largest IPOs of the year at an estimated ₹3,100 crore. The price band is set at ₹1,000–₹1,053 per share, and subscription is open until 25 Feb 2026, with listing expected on 2 Mar 2026. It combines a fresh issue with an offer‑for‑sale by existing shareholders and has a large institutional participation component.
However, itsgrey market premium (GMP)— an unofficial indicator of likely listing gain — has remained muted, around 0.3–0.4 %, suggesting limited near‑term upside expectations at current levels. A low GMP typically points to tempered investor enthusiasm for quick listing profits, though the company’s strong renewable energy theme and growth in commercial wind and solar projects are long‑term positives.
In contrast,Shree Ram Twistex, a cotton yarn manufacturer, is a smaller IPO raising around ₹110 crore, with a price band of ₹95–₹104 per share. Its GMP is trading higher — around ₹5 per share — indicating roughly4.8 %premium over the upper price band in the grey market. This shows comparatively stronger expectations of listing gains for Twistex among speculators and short‑term traders.
That said, analysts note that valuation for Twistex may be on the higher side relative to earnings, which could limit growth potential for long‑term investors. Some brokerages have recommended cautious participation, especially for investors focused on long‑term fundamental strength rather than just listing pop.
Where to invest?
Short‑term / listing gain play:Shree Ram Twistexappears to have comparatively stronger GMP and near‑term listing enthusiasm.
Long‑term / structural growth theme:Clean Max Envirorepresents the renewable energy sector with broader institutional interest, although its muted GMP suggests limited immediate gains.
As always with IPOs, investors should consider subscription demand, fundamentals, sector outlook and risk appetite before deciding to apply.
