CMR Green Technologies raises ₹188 crore from anchor investors ahead of IPO opening on Wednesday
CMR Green Technologies Limited has raised ₹188.4 crore from anchor investors ahead of its IPO, opening on June 3, 2026. The offer includes 3.28 crore equity shares, with no fresh issue component. The company is a leading non-ferrous metal recycler in India, holding a significant market share.
CMR Green Technologies Limited, a non-ferrous metal recycler, has raised ₹188.4 crore from anchor investors ahead of its initial public offering (IPO), which opens for public subscription on Wednesday, June 3, 2026.
The company informed the exchanges that it allocated 98.14 lakh equity shares to 18 anchor investors at ₹192 per share. Some of the marquee institutions that participated 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.
Other anchor investors included 360 ONE Equity Opportunity Fund, Abakkus Growth Fund, BNP Paribas, Citigroup Global Markets Mauritius, and Susquehanna Pacific.
Further participation also came from life insurance companies such as Bajaj Allianz Life Insurance and Kotak Mahindra Life Insurance Company.
Out of the total allocation of 98.14 lakh equity shares to anchor investors, 61.31 lakh equity shares were allotted to domestic mutual funds through 10 schemes.
CMR Green Technologies IPO details
The initial public offering, valued at ₹630.88 crore at the upper end of the price band, will open for subscription on June 3 and close on June 5. The issue is entirely an offer for sale (OFS), with no fresh issue component.
The proposed IPO comprises an offer for sale of up to 3.28 crore equity shares by promoters and an investor selling shareholder.
All proceeds from the issue will go directly to the selling shareholders. Mohan Agarwal, Gauri Shankar Agarwal HUF, and Mohan Agarwal HUF are the promoter and promoter group selling shareholders, while Global Scrap Processors is the investor selling shareholder.
The IPO has a lot size of 78 shares, translating into a minimum investment requirement of ₹14,976 for retail investors.
About CMR Green Technologies
The company is among the leading non-ferrous metal recyclers in India. According to its red herring prospectus (RHP), citing an ICRA report, it held the highest market share in the Indian secondary aluminium market in terms of revenue from operations in FY25 among its peer companies.
CMR Green Technologies also enjoys a significant capacity advantage over domestic peers, with an installed capacity nearly four times that of its closest competitor in the domestic recycled aluminium segment.
The company manufactures recycled aluminium alloys in ingot and liquid form; zinc alloy ingots; dross; and segregated furnace-ready scrap of stainless steel, copper, brass, zinc, lead, and magnesium, among other products.
Disclaimer: We advise investors to check with certified experts before making any investment decisions.
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Ksheera Sagar has been working as a Market Research Analyst at LiveMint for the past four years, covering stocks, commodities, and broader financial markets. In this role, he closely tracks daily market movements, corporate earnings, sector trends, and macroeconomic developments. <br><br> He has over a decade of experience in the financial services industry and has previously worked with multiple organisations, including global investment bank J.P. Morgan, bringing strong research experience into the newsroom. <br><br> During his career, he has gained extensive exposure to equity research, market analysis, and financial data interpretation, strengthening his expertise across asset classes and market cycles. <br><br> He is known for his data-driven analysis and crisp, listicle-style market stories that break down complex financial developments across key markets for a wide audience. His strong research skills enable him to write detailed and insightful stories on stocks and sectors, focusing on the underlying factors driving market movements. <br><br> His work combines quantitative insights with clear storytelling, presenting financial developments in a clear and structured manner. Moreover, he enjoys writing multibagger and listicle-style copies. Outside of work, Ksheera enjoys playing the piano and exploring new places. He has a keen interest in travel, music, and continuously learning about global markets and economic trends.
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