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
