CMR Green Technologies IPO sees strong demand: Here's what GMP signals ahead of share allotment
CMR Green Technologies IPO, open from June 3-5, saw a subscription rate of 127.07 times. Share allotment will be finalized on June 8, with a market debut on June 10 at ₹192 per share, reflecting a strong grey market premium of ₹71.
CMR Green Technologies IPO: CMR Green Technologies IPO, which was open for subscription between 3-5 June, witnessed massive subscription in its 3 days of bidding and is now all set to finalise its share allotment on Monday, 8 June.
Investors can check the allotment of the ₹630.88-crore IPO on BSE, NSE and its registrar Kfin Technologies. The company will make its stock market debut on Wednesday, 10 June on both the exchanges.
The IPO of CMR Green Technologies witnessed an overall subscription of 127.07 times in 3 days. The Retail Investors portion was subscribed 27.08 times, while the Non-Institutional Investors (NIIs) segment saw 172.35 times booking. Meanwhile, the Qualified Institutional Buyers (QIBs) category garnered a strong 270.46 times bids and the employees section was booked 18.53 times.
CMR Green Technologies IPO GMP today
Ahead of its allotment, the grey market premium (GMP) for the CMR Green Technologies IPO stood at ₹71. Based on the upper end of the IPO price band and the prevailing grey market premium, the estimated listing price is pegged at ₹260 apiece, reflecting a strong premium of 35.42% over the issue price of ₹192.
'Grey market premium' indicates investors' readiness to pay more than the issue price.
CMR Green Technologies IPO details
CMR Green Technologies IPO is a book-built issue aggregating ₹630.88 crore and comprises entirely an offer for sale (OFS) of 3.29 crore equity shares. Since the issue consists solely of an OFS, the company will not receive any proceeds from the public offering. The selling shareholders include promoters and promoter group entities — Mohan Agarwal, Gauri Shankar Agarwal HUF and Mohan Agarwal HUF — along with investor selling shareholder Global Scrap Processors.
The IPO's final issue price has been fixed at ₹192 per share. Investors can bid for a minimum of 78 shares, translating into a minimum investment of ₹14,976 for retail investors.
The offer also includes a reservation of up to 1,43,678 shares for eligible employees, who are being offered a discount of ₹18 per share to the issue price.
Equirus Capital is the book-running lead manager to the issue, while KFin Technologies is acting as the registrar.
Ahead of the IPO, the company raised ₹188.4 crore from anchor investors. Prominent participants in the anchor book included SBI Mutual Fund, ICICI Prudential Mutual Fund, HDFC Mutual Fund, Nippon India Mutual Fund, Kotak Mutual Fund and Goldman Sachs.
About CMR Green Technologies
Incorporated in 2006, CMR Green Technologies operates in the non-ferrous metal recycling and secondary aluminium segment, with a focus on manufacturing aluminium and zinc die-casting alloys.
The company's product portfolio includes recycled aluminium alloys in both ingot and liquid forms, zinc alloy ingots, and segregated furnace-ready scrap of stainless steel, copper, brass, zinc, lead and magnesium, among other materials. It also manufactures aluminium billets catering to both automotive and non-automotive applications.
CMR Green Technologies supplies its products to leading original equipment manufacturers (OEMs) and Tier-1 automotive component makers, including Honda Cars India, Bajaj Auto, Hero MotoCorp, Royal Enfield, Endurance Technologies, Maruti Suzuki and Jindal Stainless.
About the Author
Pranati Deva is a seasoned financial journalist with over a decade of experience in high-pressure newsroom environments, currently working as a Senior Sub Editor at LiveMint. Over the years, she has developed a reputation for sharp editorial judgement, a strong grasp of market dynamics, and the ability to translate complex financial developments into clear, engaging stories for a wide audience. <br><br> Her core areas of coverage include stock markets, leading listed companies, currencies, and commodities, with a particular strength in fast-paced, real-time market reporting. She is known for handling breaking market news, earnings-driven stock movements, and macroeconomic developments with speed, accuracy, and context—qualities that are essential in financial journalism. <br><br> Pranati has built a diverse and credible professional track record across some of India’s most respected news organisations, including MintGenie, CNBC-TV18, Business Standard and EconomicTimes.com. During her stints at these platforms, she produced data-driven market stories, curated and steered live blogs during volatile trading sessions, and conducted interviews with market veterans, fund managers, economists, and industry experts. Her work often combines on-ground reporting with analytical depth, helping readers make sense of daily market fluctuations and longer-term trends. An alumnus of the Symbiosis Institute of Media and Communications and Hansraj College, University of Delhi, Pranati brings a strong academic foundation to her journalism. She specialises in real-time financial reporting, with a keen focus on precision, balance, and insight, aiming to decode market movements in a way that is both informative and accessible to readers across experience levels.
Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
Wait for it…
Oops! Looks like you have exceeded the limit to bookmark the image. Remove some to bookmark this image.