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
