New Delhi, Feb. 25 -- Clean Max Enviro Energy Solutions' IPO, which opened for public subscription on Monday, February 23, and is concluding on Wednesday, February 25, witnessed healthy institutional demand even as retail demand was muted.

The segment reserved for qualified institutional buyers (QIBs) was subscribed to 2.83 times by 6 pm on the third day of subscription on Wednesday, followed by the non-institutional investors' (NIIS) portion booked 0.54 times, according to the BSE data. Retail investors remained on the sidelines as the segment saw a subscription of only 0.06 times. Overall, the issue had been subscribed to 0.94 times by that time.

Meanwhile, the company said it had raised Rs.921 crore from anchor investors, which inclu...