Summary:
This blog provides a comprehensive analysis of the CMR Green Technologies IPO, covering issue details, pricing information, subscription dates, and investment requirements.It presents important information related to the IPO, including the GMP trend, allotment schedule, reservation structure, lot size, subscription status, and financial performance of the company.Explore business activities, strengths, risk factors, and financial position of CMR Green Technologies Limited, to better understand the company and evaluate the IPO opportunity.
CMR Green Technologies IPO, a mainboard/bookbuilt issue worth ₹630.88 crore, is offering solely an offer-for-sale (OFS). The existing shareholders are offloading 32,858,323 Equity Shares, face value at ₹2.00/share.
The CMR Green Technologies IPO becomes available for subscription starting 3 June 2026 and ending 5 June 2026. The basis of allotment is to tentatively complete on 8 June 2026, with the shares expected to list on both the NSE and BSE, which is tentatively fixed on 10 June 2026.
The CMR Green Technologies Ltd has specified the IPO price band at ₹182.00/share to ₹192.00/share for the issue. The individual investors (retail) can apply for lots of 78 shares. At the upper end of the price band, a retail investor must invest at least ₹14,976 for one lot.
The entry-level application for sNII investors consists of 14 lots (1,092 shares), involving a minimum commitment of ₹2,09,664. Meanwhile, bNII investors must apply for at least 67 lots (5,226 shares), translating to a minimum investment of ₹10,03,392.
CMR Green Technologies IPO–Key Details
The table below summarises the important information about the CMR Green Technologies IPO, from issue size to investment criteria.
| IPO Open | 3 June 2026 |
| IPO Close | 5 June 2026 |
| Face value | ₹2.00/share |
| Price Band | ₹182.00/share – ₹192.00/share |
| Issue price | – |
| IPO Lot Size | 78 shares |
| Offer-for-sale | 32,858,323 Equity Shares (₹630.88 crore) |
| Fresh issue | – |
| Issue Type | Mainboard/Book-built |
| Listing | NSE & BSE |
| Total Issue Size (₹ Crore) | ₹630.88 crore (32,858,323 Equity Shares) |
| Minimum Investment (Retail) | ₹14,976.00 (78 shares x upper band) |
CMR Green Technologies IPO–Timeline
Here is the complete timeline of the CMR Green Technologies IPO, from subscription to listing:
| Bid Open Date | 3 June 2026 |
| Bid Close Date | 5 June 2026 |
| Allotment | 8 June 2026 |
| Refunds Initiated | 9 June 2026 |
| Share Credit Date | 9 June 2026 |
| Listing | 10 June 2026 |
| UPI mandate Cut-off time | 5 June 2026 (05:00 PM) |
CMR Green Technologies Limited–Financial Highlights
Below is an overview of the key financial figures and ratios of CMR Green Technologies Limited:
| KPIs | 2025 | 2024 | 2023 |
| ROE (%) | 0.11 | (0.47) | 0.05 |
| ROCE (%) | 11.04 | 9.84 | 13.28 |
| Debt-Equity Ratio (in times) | 0.58 | 0.36 | 0.15 |
| RoNW (%) | 31.08 | (265.90) | 8.17 |
| PAT Margin (%) | 2.33 | (14.09) | 1.78 |
| EBITDA Margin (%) | 4.56 | 3.65 | 3.53 |
| Price-Book Value | 9.17 | – | – |
CMR Green Technologies Ltd–Financial Information
| 2025 | 2024 | 2023 | |
| Revenue | 6,666.49 | 5,952.44 | 5,868.51 |
| Assets | 2,815.86 | 2,194.41 | 3,351.66 |
| Profit After Tax | 155.04 | (838.56) | 104.51 |
(Amount in ₹ crore)
CMR Green Technologies IPO–Subscription Status
Subscription data is not yet available!
Details will be updated once the IPO opens for bidding.
Applications can be submitted between 10:00 AM and 5:00 PM during the subscription period.
CMR Green Technologies IPO–Grey Premium Market (GMP)
The CMR Green Technologies IPO GMP is ₹42 as of 1 June 2026 (latest updated 2:53 PM). At the upper price band of ₹192.00, the shares are estimated to list at ₹234.00, reflecting a premium of 21.88%.
| Date | GMP (₹) | Est. Listing Price | Est. Listing Profit | Trend | Latest Updated |
| 1 June 2026 | ₹42.00 | ₹234.00(21.88%) | ₹3,276 | ⬆️Increased | 01/06/2026 (02:53 PM) |
| 31 May 2026 | ₹35.00 | ₹227 (18.23%) | ₹2,730 | ⬆️Increased | 31/05/2026 (11:37 PM) |
| 30 May 2026 | ₹35.00 | ₹227 (18.23%) | ₹2,730 | ⬆️Increased | 30/05/2026 (11:33 PM) |
| 29 May 2026 | ₹25.00 | ₹217 (13.02%) | ₹1,950 | ⬆️Increased | 29/05/2026 (11:32 PM) |
| 28 May 2026 | ₹24.00 | ₹24.00(0.00%) | ₹0.00 | – | 28/05/2026 (11:36 PM) |
Note: GMP indicates the unofficial premium or discount at which IPO shares are traded in the grey market, and is subject to change based on market conditions and investor interest.
CMR Green Technologies IPO–Reservation
The following table highlights how shares have been allocated across investor segments.
| Investor Classification | % Allocation |
| QIBs | Maximum 50% |
| NIIs | Minimum 15% |
| Individual Investor | Minimum 35% |
| Total | 100% |
CMR Green Technologies IPO–Lot Size
Below is a category-wise breakdown of the IPO application requirements, including the minimum lot size and investment amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum Application | 1 | 78 | ₹14,976.00 |
| Retail Maximum Application | 13 | 1,014 | ₹1,94,688.00 |
| S-HNI Minimum Application | 14 | 1,092 | ₹1,94,688.00 |
| S-HNI Maximum Application | 66 | 5,148 | ₹9,88,416.00 |
| S-HNI Minimum Application | 67 | 5,226 | ₹10,03,392.00 |
CMR Green Technologies IPO–Anchor Investors Details
Below is a summary of the shares allocated to anchor investors in the CMR Green Technologies IPO.
| Bidding Opens On | 2 June 2026 |
CMR Green Technologies IPO–Prospectus
For detailed information, refer to the official offer documents filed with SEBI and made available by the company.
About CMR Green Technologies Limited
CMR Green Technologies Limited, incorporated on 23 August 2005, operates in the non-ferrous metal recycling industry and is engaged in the production of secondary aluminium products, with a focus on aluminium and zinc die-casting alloys.
The company is under the leadership of Mohan Agarwal, who holds the position of Chairman and Managing Director.
The company supplies recycled metal products to a range of established automotive and industrial customers, including Honda Cars India, Bajaj Auto, and Jindal Stainless.
The key product offerings by the company include:
- Aluminium ingots
- Liquid metal
- Aluminium billets
- Copper scrap
- Brass scrap
| Name | |
| Book Running Lead Managers (BRLM) | Equirus Capital Ltd |
| ICICI Securities Ltd | |
| Motilal Oswal Investment Advisors Ltd | |
| IPO Registrar | KFin Technologies Ltd |
Objectives of CMR Green Technologies
Since all shares in the IPO are being offered by existing shareholders, the proceeds from the issue will not be utilised by the company.
CMR Green Technologies Limited–Strengths
- Leading industry position: CMR Green Technologies is the largest secondary aluminium recycler in India by installed capacity and holds a leading position in the domestic market.
- Strong presence in liquid aluminium supply: The company is capable of supplying liquid aluminium alloys, supported by specialised infrastructure and technical expertise.
- Diversified global supplier network: The company sources raw materials from a large network of suppliers across multiple countries, helping ensure a stable supply of scrap materials.
- Long-standing customer relationships: CMR Green Technologies has developed enduring relationships with leading OEMs and Tier-1 manufacturers, contributing to a strong and diversified customer base.
CMR Green Technologies Limited–Risks
- Dependence on major customers: The loss of important customers or a decline in order volumes could adversely affect financial performance.
- Limited product diversification: A substantial share of business activity is centred on aluminium alloys and ingots, creating dependence on a narrow product portfolio.
- History of losses: The company reported substantial losses in FY2024, and future losses could affect profitability and business performance.
- Cash flow pressure: The company has experienced negative operating cash flows, which may impact liquidity, financial stability, and growth plans.
CMR Green Technologies IPO–Review
The company is engaged in the secondary aluminium recycling business and has established long-term relationships with customers across industries.
The company returned to profitability in FY2025 after reporting losses in FY2024. However, dependence on a few customers, concentration in key products, and past cash flow challenges are important factors to consider.
Investors may evaluate the recovery trajectory, industry prospects, and valuation of the company before making a decision.
Other Recent IPO List
Take a look at other live and upcoming IPOs in India for 2026. Compare issue details, price bands, GMP trends, subscription status, and key dates before making an investment decision.
| Q-Line Biotech IPO | SMR Jewels IPO |
| Bio Medica Laboratories IPO | Merritronix IPO |
| Autofurnish IPO | M R Maniveni Foods IPO |
| Yaashvi Jewellers IPO | Harikanta Overseas IPO |
CMR Green Technologies IPO FAQs
The CMR Green Technologies IPO is a ₹630.88 crore book-built mainboard issue consisting entirely of an offer for sale (OFS) of 32,858,323 equity shares. The IPO is priced between ₹182 and ₹192 per share and will be listed on NSE and BSE.
Investors can apply for the CMR Green Technologies IPO through their stockbroker trading platform, internet banking, ASBA facility, or supported UPI-based IPO applications. Applications can be submitted during the subscription period from 3 June 2026 to 5 June 2026.
The CMR Green Technologies IPO offers participation in a leading aluminium recycling company with a strong industry position and established customer relationships. However, investors should also consider customer concentration risks, product dependence, historical losses, and cash flow concerns before investing.
Based on the latest GMP of ₹42, the estimated listing price is around ₹234 per share against the upper price band of ₹192. This indicates a potential listing gain from the CMR Green Technologies IPO of approximately 21.88%, although GMP trends can change before listing.
The CMR Green Technologies IPO will open for subscription on 3 June 2026 and close on 5 June 2026. Investors can place bids during market hours within the subscription window.
The CMR Green Technologies IPO minimum lot size is 78 shares. At the upper price band of ₹192 per share, retail investors need a minimum investment of ₹14,976 for one lot.
The CMR Green Technologies IPO allotment is expected to be finalised on 8 June 2026. Successful applicants are likely to receive shares in their demat accounts on 9 June 2026.
The CMR Green Technologies IPO shares are expected to be listed on NSE and BSE on 10 June 2026, subject to the completion of allotment and other regulatory processes.
