The IPO market has regained momentum with the launch of the CMR Green Technologies IPO, a mainboard public issue that has attracted significant investor attention. Backed by its leadership position in non-ferrous metal recycling and strong demand from the automotive sector, the IPO is being closely tracked by retail and institutional investors alike.

The company aims to raise approximately ₹630.88 crore through an Offer for Sale (OFS), with the issue opening for subscription from June 3 to June 5, 2026.

About CMR Green Technologies

CMR Green Technologies is one of India's leading non-ferrous metal recycling companies. The company recycles:

• Aluminium
• Zinc
• Copper
• Brass
• Stainless Steel
• Other non-ferrous metals

It supplies recycled metal products and alloys to major automobile and auto-component manufacturers, including leading OEMs in India. The company is a key player in India's circular economy and sustainable manufacturing ecosystem.

CMR Green Technologies IPO: Key Details

Particulars	Details
IPO Type	Mainboard IPO
IPO Opens	June 3, 2026
IPO Closes	June 5, 2026
Issue Size	₹630.88 Crore
Price Band	₹182 – ₹192 per share
Lot Size	78 Shares
Minimum Investment	₹14,976
Listing Exchange	NSE & BSE
IPO Structure	100% Offer for Sale (OFS)

Subscription Status of CMR Green Technologies

The CMR Green Technologies IPO is subscribed 1.40 times on June 3, 2026 1:50:00 PM (Day 1). The public issue subscribed 1.54 times in the retail category, 0.01 times in the QIB category, and 2.88 times in the NII category

Issue Reservation

CMR Green Technologies IPO comprises a total issue size of 3,28,58,323 shares. The net offer to the public is 3,27,14,645 shares, after excluding 1,43,678 shares under a preferential allotment. Of the Net offer 1,63,57,322 (50.00%) are allocated to QIB, 49,07,197 (15.00%) allocated to NII 1,14,50,126 (35.00%) allocated to RII.

IPO Lot Size

Investors can bid for a minimum of 78 shares and in multiples thereof. 

Anchor Investor Response

Ahead of the IPO launch, CMR Green Technologies raised approximately ₹188 crore from anchor investors.

Prominent participants included:

• SBI Mutual Fund
• ICICI Prudential Mutual Fund
• Insurance companies
• Global institutional investors

The strong anchor participation is viewed positively by the market

Financial Performance

CMR Green Technologies has demonstrated steady operational growth.

Company Financials (Restated Consolidated)

Period Ended	31 Dec 2025	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	3,650.58	2,815.86	2,194.41	3,351.66
Total Income	6,291.00	6,696.66	5,968.44	5,889.00
Profit After Tax	162.39	155.04	-838.56	104.51
EBITDA	316.62	328.62	-705.98	229.26
NET Worth	594.18	458.38	317.54	1,195.19
Reserves and Surplus	1,464.64	1,328.84	1,187.99	2,064.76
Total Borrowing	1,303.22	894.03	498.65	368.19
Amount in ₹ Crore

IPO Expenses Utilization:-

• BRLM’s fees and commissions (including underwriting commission)

• Commission/ processing fee for SCSBs, Sponsor Bank(s) and Bankers to the Offer. Brokerage, underwriting commission and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs  
• Fees payable to the Registrar to the Offer    
• Fees payable to the other advisors to the Offer       
• Statutory Auditors, for issuing the Restated Consolidated Financial Information, for providing the statement of special direct and indirect tax benefits available to our Company and to our Shareholders, Material Subsidiaries and to verify the details and provided certifications with respect to certain information included in the DRHP
• Independent chartered engineer, in respect of the installed capacity, production and capacity utilization of the manufacturing operations of our Company          
• Industry Report provider for preparing the industry report, commissioned and paid for by our Company        
• Listing fees, SEBI filing fees, upload fees, BSE & NSE processing fees, book building software fees and other regulatory expenses     
• Printing and distribution of issue stationery 
• Advertising and marketing expenses 
• Fee payable to legal counsels
• Miscellaneous

Strengths of the IPO

1. Leadership in Metal Recycling

The company is among India's largest non-ferrous metal recyclers with a significant market share in recycled aluminium alloys.

2. Strong Automotive Demand

Its customer base includes leading automobile manufacturers, providing long-term demand visibility.

3. Sustainability Theme

With increasing focus on ESG investing and circular economy businesses, recycling companies are receiving greater investor attention.

4. Strong Institutional Interest

The successful anchor book reflects confidence from large investors.

Risks Investors Should Consider

Commodity Price Volatility

The business remains exposed to fluctuations in aluminium and other metal prices.