The initial public offering (IPO) of CMR Green Technologies, a non-ferrous metal recycler, is now open for subscription. The three-day subscription window of the public issue, which is entirely an offer for sale (OFS), will end on June 5, 2026.ย ย Ahead of the IPO subscription opening, the company said that it garnered Rs 188.44 crore from anchor investors ahead of its initial public offering (IPO). According to a circular uploaded on the BSE website, SBI Mutual Fund, ICICI Prudential Mutual Fund, HDFC Mutual Fund, Nippon India Mutual Fund, Kotak Mutual Fund, and Goldman Sachs were among the biggest anchor investors.ย
360 One Equity Opportunity Fund, Abakkus Growth Fund, BNP Paribas, Citigroup Global Markets Mauritius and Susquehanna Pacific were among other anchor investors.
CMR Green Technologies Price Band
The proposed IPO is entirely an offer for sale of up to 3.28 crore equity shares by promoters and an investor selling shareholder. The company has set a price band of Rs 182-192 per equity share.
CMR Green Technologies IPO GMP Todayย
According to Investorgain, CMR Green Technologies’ unlisted shares are trading at a grey market premium (GMP) of Rs 66. Considering the upper price band of Rs 192, the company’s shares are expected to list at around Rs 258, reflecting a grey market premium of 34.38 per cent.
What does the company do?
Faridabad-based CMR Green Technologies processes and manufactures aluminium alloys (ingot and liquid), zinc alloys and furnace-ready scrap of stainless steel, copper, brass, lead and magnesium, among others.
The company currently operates 13 recycling facilities across India and has built a procurement network spanning domestic markets as well as Asia, Africa, the Middle East, Europe,ย and the Americas. Its customer base primarily comprises automotive original equipment manufacturers (OEMs) and Tier-I suppliers.
Honda Cars India, Bajaj Auto, Hero MotoCorp, Royal Enfield Motors, Endurance Technologies, Rockman Industries, and Craftsman Automation are among the company’s major clients.
CMR Green Technologies IPO Listing Date
Shares of CMR Green Technologies will list on both NSE and BSE. They are expected to be listed on the stock exchanges on June 10.
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(This article is for informational purposes only and should not be construed as investment, financial, or other advice.)