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CMR Green Technologies IPO

CMR Green Technologies came to market through an IPO that opened on 3 June 2026 and closed on 5 June 2026, and the shares listed on 10 June 2026 on BSE, NSE. The price band was ₹182 to ₹192 per share and one lot was 78 shares, so the minimum application was ₹14,976. The issue size was ₹630.88 crore. The whole issue was an offer for sale, so the proceeds went to the selling shareholders rather than the company.

Kfin Technologies Ltd. Recently Listed IPO Peer: Jain Resource Recycling Limited was the registrar to the issue, and Equirus Capital Pvt.Ltd., ICICI Securities Ltd, Motilal Oswal Investment Advisors Ltd were the lead managers.

Issue details

Issue type
Book Built Issue
Price band
₹182 to ₹192
Lot size
78 shares
Minimum investment
₹14,976
Face value
₹2 per share
Issue size
₹630.88 crore
Offer for sale
3,28,58,323 shares (aggregating up to ₹630.88 crore)
Listing at
BSE, NSE
Registrar
Kfin Technologies Ltd. Recently Listed IPO Peer: Jain Resource Recycling Limited
Lead managers
Equirus Capital Pvt.Ltd., ICICI Securities Ltd, Motilal Oswal Investment Advisors Ltd
Promoter holding before the issue
86.95%
Promoter holding after the issue
84%

Timeline

Opens
3 June 2026
Closes
5 June 2026
Allotment
8 June 2026
Listing
10 June 2026

Subscription status by day

As of 5 June 2026.

Day
1
2
3

Listing day and after

Issue price
₹192
Listed on
10 June 2026

About CMR Green Technologies

Incorporated in the year 2006, CMR Green Technologies Limited is non-ferrous metal recycler and secondary aluminium market; the company deals in aluminium and zinc die-casting alloys.The company specializes in the manufacture of recycled aluminium alloys in both ingot and melt form, zinc alloy ingots, and segregated furnace ready scrap materials including stainless steel, copper, brass, zinc, lead, and magnesium, among others.

The firm also makes aluminum billets for the non-automotive market as well as for the automobile market.It caters to large OEMs and Tier I Automobile Component Manufacturers in the Indian Automotive Industry, including some of the big names such as Honda Cars India, Bajaj Auto, Hero MotoCorp, Royal Enfield, Endurance Technologies, Maruti Suzuki, and Jindal Products:

Aluminum ingots Liquid Metal Aluminum Billets Copper scrap Brass Scrap As on Dec 31, 2025, they have 784 permanent employees along with 3,956 contractual workmen.

As described in the offer document.

Objects of the issue

  • Offer for sale

Strengths

  • Liquid Aluminum Market Leadership: Leading producer of recycled liquid aluminum in India (Fiscal Year 2025) backed by a solid reputation for quality, reliability, and efficient delivery through an extensive pan-Indian footprint.
  • Strategic Joint Ventures: Collaborations with international players such as Toyota Tsusho, Nikkei MC Aluminium, and Nippon Light Metal improve technological prowess and distribution channels.
  • Sustainability and ESG Operations: Emphasis on recycling of aluminum through energy-efficient methods, which helps to reduce the carbon footprint and fosters a circular economy.

Risks

  • Short-Term Purchase Orders: The firm relies heavily on short-term purchase orders. Cancellation, revision, or any change from their part to other sources or even internal production would have an effect on revenues and cash flows.
  • Risk Related to the Lack of Product Diversification: Most of the business is related to certain products of aluminium or certain customers. Lack of diversification in products or customers could harm their operations.
  • Technological Risks: Production is heavily reliant on advanced technology. Their inability to acquire technology could pose problems for their operations and performance.

Financials (₹ crore)

Metric31-Dec-2531-Mar-2531-Mar-2431-Mar-23

Listed peers

CMR Green
RoNW 31.08%%
Pondy Oxides
RoNW 9.79%%
Gravita India
RoNW 15.12%%
Baheti Recycling
RoNW 30.46%%
Jain Resource Recycling
RoNW 30.55%%

CMR Green Technologies has successfully closed its anchor investor round on June 2, 2026, raising ₹188.44 crore from 18 institutional investors at an anchor price of ₹192 per share. The anchor book reflects institutional conviction, with five marquee funds — SBI Comma Fund, ICICI Prudential Multicap Fund, Goldman Sachs India Equity Portfolio, Nippon India Small Cap Fund, and Kotak Special Opportunities Fund — each receiving the maximum allocation of 10.61%.

Domestic mutual funds dominate the anchor book, with additional participation from HDFC Mutual Fund, Edelweiss, Abakkus, Bank of India Mutual Fund, and BNP Paribas. Insurance players Bajaj Life Insurance and Kotak Mahindra Life Insurance also participated, alongside foreign investors Citigroup Global Markets Mauritius and Susquehanna Pacific.

Promoters

Mohan Agarwal, Pratibha Agarwal, Akshay Agarwal, Raghav Agarwal. Promoter holding 86.95% before the issue and 84% after.

Application sizes

Retail (min)
1 lot, 78 shares, ₹14,976
Retail(max)
13 lots, 1014 shares, ₹1,94,688
sHNI(min)
14 lots, 1092 shares, ₹2,09,664
sHNI(max)
66 lots, 5148 shares, ₹9,88,416
bHNI(min)
67 lots, 5226 shares, ₹10,03,392

Valuation

EPS Pre IPO
₹7.08
EPS Post IPO
₹9.88
P/E Pre IPO
27.13
P/E Post IPO
19.42
ROE
0.11%
ROCE
9.30%
RoNW
24.92%
PAT Margin
2.59%
Debt/Equity
0.76
Price/Book
9.17
Market Cap
₹4,205.87 Cr

Registrar and allotment status

Registrar
Kfin Technologies Ltd. Recently Listed IPO Peer: Jain Resource Recycling Limited
Allotment status
https://ipostatus.kfintech.com/
Phone
04067162222, 04079611000
Email
cmr.ipo@kfintech.com

Work out the listing gain for this IPO

How allotment works

If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.

The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.

Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.

What happens on listing day

Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.

For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.

Questions about the CMR Green Technologies IPO

What is CMR Green Technologies IPO?

CMR Green Technologies IPO was a ₹630.88 crore book-built issue, made up entirely of an offer for sale. It was priced at ₹182–₹192 per share with a lot size of 78 shares (₹14,976). The IPO was open from June 3 to June 5, 2026 and was subscribed 127.04x. Shares listed on BSE and NSE on June 10, 2026 at ₹268, a 39.6% premium to the issue price of ₹192. Kfin Technologies Ltd. is the registrar. Equirus Capital Pvt. Ltd.

and 2 other book running lead managers manage the issue.

What is the price band of CMR Green Technologies IPO?

The price band of CMR Green Technologies IPO is ₹182 to ₹192 per share.

What is the lot size of CMR Green Technologies IPO?

The lot size of CMR Green Technologies IPO is 78 shares.

What is the minimum investment for CMR Green Technologies IPO?

The minimum investment for CMR Green Technologies IPO is approximately ₹14,976 based on the upper price band.

What is the allotment date of CMR Green Technologies IPO?

The allotment date of CMR Green Technologies IPO is Jun 8, 2026.

What was the GMP of CMR Green Technologies IPO before listing?

No GMP quote could be verified as recorded before CMR Green Technologies IPO listed. A grey-market observation of ₹64 per share was recorded on 10 Jun 2026, 9:00 AM IST, but without a verified listing timestamp it is not treated as the final pre-listing GMP. The shares listed at ₹268. GMP is unofficial and does not forecast or guarantee the actual listing price.

How has CMR Green Technologies IPO share price performed since listing?

CMR Green Technologies IPO listed on Jun 10, 2026. It was issued at ₹268.0(NSE) and is currently around ₹198.49 as on 2-Nov-2026 3:30 PM, which is approximately 3.4% versus issue price. The 52-week high is ₹268.96.

How to check CMR Green Technologies IPO allotment status?

You can check CMR Green Technologies IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the CMR Green Technologies IPO allotment status on Rupix for quick and easy access.

What was the price band of the CMR Green Technologies IPO?

₹182 to ₹192 per share, against a face value of ₹2. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.

What was the lot size of the CMR Green Technologies IPO?

One lot was 78 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,976.

What was the minimum investment in the CMR Green Technologies IPO?

₹14,976, for one lot of 78 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.

When did the CMR Green Technologies IPO open and close?

It opened on 3 June 2026 and closed on 5 June 2026.

When was the allotment of the CMR Green Technologies IPO?

The basis of allotment was published on 8 June 2026 by Kfin Technologies Ltd. Recently Listed IPO Peer: Jain Resource Recycling Limited, and allotted shares were credited to demat accounts before listing.

When did CMR Green Technologies list on BSE, NSE?

The shares listed on 10 June 2026 on BSE, NSE.

How large was the CMR Green Technologies IPO?

The issue size was ₹630.88 crore. The offer for sale was 3,28,58,323 shares (aggregating up to ₹630.88 crore).