CMR Green Technologies Ltd IPO: Key Details and Company Overview CMR Green Technologies Limited is set to launch its initial public offering (IPO), with details on allotment status, listing date, and pricing now available. The IPO, which is structured as an offer-for-sale (OFS), does not generate proceeds for the company. Instead, the net proceeds will be distributed to promoter selling shareholders in proportion to their share offerings. The primary goal of the IPO is to enhance the company’s visibility, brand recognition, and liquidity for existing shareholders, while creating a public market for its shares. The IPO subscription rates for different investor categories are as follows: Qualified Institutional Buyers (QIBs) have a subscription rate of 9.87x, Non-Institutional Investors (NIIs) at 85.46x, and Retail Individual Investors (RIIs) at 15.79x. As of June 5, 2026, at 4:31 PM, the funds have been unblocked or debited, though the tentative listing date has not been officially disclosed. CMR Green Technologies operates in the recycling of non-ferrous metals and the manufacturing of recycled aluminium alloys and other metal products. Its production includes 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. The company supplies these products primarily to automotive original equipment manufacturers (OEMs), Tier 1 automotive suppliers, and industrial customers. Additionally, it processes used beverage can scrap for recycling and provides liquid aluminium to automotive and industrial sectors.#icra #cmr_green_technologies_ltd #toyota_tsusho_corporation #nikkei_mc_aluminium #nippon_light_metal
CMR Green Technologies IPO Day 2: Check GMP, Subscription Status & Key Highlights CMR Green Technologies Ltd. is one of India’s leading metal recycling companies that manufactures recycled aluminium and zinc alloy products. The company primarily caters to the automotive sector and promotes sustainable metal recycling through its nationwide manufacturing network. The public issue will remain open for subscription until June 5, with the basis of allotment (BoA) anticipated to be finalised on June 8, 2026. Shares are tentatively scheduled to list on the NSE and BSE on June 10, 2026. The IPO details include a book building issue with a total size of up to 3.29 crore equity shares. The offer for sale (OFS) component aggregates up to ₹630.88 crore. Each equity share has a face value of ₹2, with a price band of ₹182 to ₹192 per share. The lot size is 78 shares, and the book building lead managers are Equirus Capital Limited, ICICI Securities Limited, and Motilal Oswal Investment Advisors Limited. The registrar for the issue is KFin Technologies Limited. On Day 2 of the IPO, the subscription status showed varying levels of interest from different investor categories. Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail Individual Investors (RIIs) were actively participating. The Grey Market Premium (GMP) for the IPO was reported at ₹60 per share on June 4, 2026, indicating strong demand in the unofficial market. CMR Green Technologies Limited, founded in 2006, operates in the non-ferrous metal recycling industry, specialising in producing recycled zinc and aluminium alloy products for the secondary aluminium market.#cmr_green_technologies_ltd #equirus_capital_limited #icici_securities_limited #motilal_oswal_investment_advisors_limited #kfin_technologies_limited
