CMR Green Technologies
OPENIPO Date: 3 Jun - 5 Jun 2026
Listing Date: 10 Jun 2026
Price Range
Rs.182 - Rs.192
Issue Size
631 Cr
Min Investment
₹14,196
Lot Size
78 Shares
Schedule of CMR Green Technologies
Issue open date
3 Jun 2026
Issue close date
5 Jun 2026
UPI mandate deadline
5 Jun 2026 (5 PM)
Allotment finalization
8 Jun 2026
Share credit
9 Jun 2026
Listing date
10 Jun 2026
Mandate end date
20 Jun 2026
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 631 Cr |
| Fresh Issue | 0 Cr |
| Offer for Sale | 630.88 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 8 Jun 2026 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 4 Jun 2026 | ₹192 | ₹70 | ₹262 (36.46%) |
| 2 Jun 2026 | ₹192 | ₹63 | ₹255 (32.81%) |
| 1 Jun 2026 | ₹192 | ₹49 | ₹241 (25.52%) |
| 31 May 2026 | ₹192 | ₹35 | ₹227 (18.23%) |
| 30 May 2026 | ₹192 | ₹35 | ₹227 (18.23%) |
| 29 May 2026 | ₹192 | ₹25 | ₹217 (13.02%) |
| 28 May 2026 | ₹192 | ₹0 | ₹192 (0%) |
Performance CMR Green Technologies
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| Rs.182 - Rs.192 | .... | .... | .... |
About CMR Green Technologies
CMR Green Technologies Limited is involved in the recycling of non-ferrous metals and the manufacturing of recycled aluminium alloys and other metal products. The company manufactures recycled aluminium alloys in ingot and liquid form, aluminium billets, zinc alloy ingots, and segregated furnace-ready scrap of stainless steel, copper, brass, zinc, lead, and magnesium. Its products are supplied primarily to automotive original equipment manufacturers (OEMs), Tier 1 automotive suppliers, and other industrial customers. The company also supplies liquid aluminium and processes used beverage can scrap for recycling purposes. CMR Green Technologies operates 13 recycling facilities across India, located in Haryana, Gujarat, Maharashtra, Tamil Nadu, Uttarakhand, Rajasthan, Odisha, and Andhra Pradesh. As of March 31, 2026, the company had a combined production capacity of 615,150 MTPA across its recycling facilities. Use of proceeds (Objects of the offer): The IPO is an offer-for-sale (OFS). The company will not receive any proceeds from the offer. Net proceeds from the offer will go to the promoter selling shareholders in proportion to the number of shares offered by them for sale. The primary objective of the offer is to achieve the benefits of listing the equity shares on the stock exchanges, which is expected to enhance the company’s visibility and brand recognition. Listing will also provide liquidity to the existing shareholders and create a public market for the company’s shares.
| Founded in | 2005 |
| Managing director | Mr Mohan Agarwal |
| Parent organization |
Financial Overview
Strengths
- Leading non-ferrous metal recycler in India by installed capacity, with the highest revenue market share in the secondary aluminium market as of FY2025.
- Strong position in liquid aluminium alloy supply, supported by specialised infrastructure and long operating experience.
- Wide manufacturing footprint across India, serving customers in major automotive and industrial clusters.
- Diverse product portfolio including recycled aluminium alloys, zinc alloys, aluminium billets, dross and recycled metal scrap.
- Strategic joint ventures with global Japanese partners, strengthening its manufacturing and recycling capabilities.
Risks
- A significant portion of revenue comes from a limited number of customers, and losing key customers could impact the business.
- The company has limited diversification across products and customers, increasing dependence on certain revenue streams.
- The business is exposed to fluctuations in raw material prices and foreign exchange rates due to imported scrap purchases.
- The company operates in a competitive recycled metals industry, and failure to compete effectively could affect performance.
- The company enters into related-party transactions, and there is no assurance that such transactions are always on the most favourable terms available.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | N/A |
| Non-Institutional Investors (NIIs) | N/A |
| Retail Individual Investors (RIIs) | N/A |
| Employee | N/A |
| Total | N/A |