CMR Green Technologies IPO Day 2: Check GMP, Subscription Status & Key Highlights
The CMR Green Technologies’ ₹630.88 crore IPO has entered its second day of subscription today. The issue, priced in the ₹182-₹192 per share range, continued to attract strong investor interest. As of 11:15 AM on Day 2, the IPO had been subscribed 2.86 times across investor categories, with the grey market premium (GMP) reported at around ₹60 per share.
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. The basis of allotment (BoA) is anticipated to be finalised on June 8, 2026, and the shares are tentatively scheduled to list on the NSE and BSE on June 10, 2026.
CMR Green Technologies IPO - Issue Details
- Issue Type: Book Building IPO
- Total Issue size: Up to 3.29 crore equity shares
- Offer for sale (OFS): Agg up to ₹630.88 crore
- Face Value: ₹ 2 per equity share
- Price Band: ₹182 to ₹192 per share
- Lot Size: 78 shares
- Listing: NSE, BSE
- Book Building Lead Managers: Equirus Capital Limited, ICICI Securities Limited, Motilal Oswal Investment Advisors Limited.
- Registrar: KFin Technologies Limited
Explore other Upcoming IPOs on BSE and NSE.
CMR Green Technologies IPO Timeline (Tentative)
The expected IPO schedule is as follows:
|
Event |
Tentative Date |
|
IPO Opens |
June 3, 2026 |
|
IPO Closes |
June 5, 2026 |
|
Basis of Allotment |
June 8, 2026* |
|
Initiation of Refunds |
June 9, 2026 |
|
Credit of Shares to Demat Accounts |
June 9, 2026 |
|
Listing on BSE and NSE |
June 10, 2026* |
*Note - The allotment and listing dates are tentative and may be revised.
CMR Green Technologies IPO Day 2 Subscription Status
[June 4, 2026, 11:15 AM]
|
Category |
Subscription (x times) |
|
Qualified Institutional Buyers (QIBs) |
0.05x |
|
Non-Institutional Investors (NIIs) |
7.54x |
|
Retail Individual Investors (RIIs) |
2.47x |
|
Employees |
3.13x |
|
Total |
2.86x |
CMR Green Technologies IPO GMP Today
According to media reports, the Grey Market Premium (GMP) of CMR Green Technologies IPO is ₹60 per share today.
About CMR Green Technologies Limited
CMR Green Technologies Limited, founded in 2006, is a prominent player in the non-ferrous metal recycling industry. The firm specialises in producing recycled zinc and aluminium alloy products for the secondary aluminium market. Its product portfolio includes aluminium billets, zinc alloy ingots, aluminium alloys, and scrap materials prepared for furnace use, all designed for various industrial needs.
Focused largely on the automotive industry, the company maintains a client base that features major Tier-1 component makers and original equipment manufacturers (OEMs). Notable customers include Royal Enfield, Maruti Suzuki, Hero MotoCorp, Jindal Stainless, Honda Cars India, Endurance Technologies, and Bajaj Auto.
Revenue from operations increased from ₹5,952 crore in FY24 to ₹6,666 crore in FY25, driven by sustained demand for its recycled metal products. EBITDA improved from a loss of ₹705 crore in FY24 to ₹328 crore in FY25, resulting in an EBITDA margin of 4.56% in FY25. Profit after tax (PAT) stood at ₹155 crore in FY25, up from a loss of ₹838 crore in FY23.
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