โ Back to IPOs
CMR Green Technologies
๐
Founded: 2003
๐ Gurugram, Haryana
๐ฅ 5,000+ employees
๐ cmrgreen.com
๐ Face Value: โน2
๐ฆ Market Cap: โน6,300 Cr
Price Band
โน182 โ โน192
Issue Size
โน631 Cr
Lot Size
78 shares
Min. Investment
โน14,976
GMP
+โน0 (+12.5%)
Est. Return
+12.5%
Listing Date
10 Jun 2026
Registrar
Link Intime India
IPO Signal Analysis
๐ Based on Grey Market Premium (GMP) & Subscription Data โ not financial advice
GMP Signal
High Interest
GMP: +12.5% above issue price
โญ Overall Signal
Very High Interest
GMP + Subscription combined
Not financial advice
Not financial advice
Subscription Signal
Very High Interest
89.11x subscribed
Issue Details
Fresh Issueโ
Offer for Sale (OFS)โน631 Cr
Total Issue Sizeโน631 Cr
Face Valueโน2
Market Cap (at issue)โน6,300 Cr
Listing ExchangeBSE, NSE
๐
Open Date03 Jun 2026
๐ Close Date05 Jun 2026
โ๏ธ Cut-off Price Date05 Jun 2026
๐๏ธ Allotment Date08 Jun 2026
๐ธ Refund Initiation09 Jun 2026
๐ Demat Credit09 Jun 2026
๐ Listing Date10 Jun 2026
Objects of the Issue
- ๐ฐ Pure OFS โ all proceeds go to selling shareholders
- ๐ฐ No fresh capital raised by the company
About the Company
CMR Green Technologies is India's largest aluminium recycler and one of the top aluminium alloy manufacturers. The company processes aluminium scrap into high-quality alloy ingots for the automotive, electrical, and construction sectors. CMR operates 14 manufacturing plants across India with a combined capacity of 3.5 lakh MT per annum.
Strengths
- โ India's largest aluminium recycler โ 3.5 lakh MT annual capacity
- โ Circular economy play: scrap-to-alloy at lower cost than primary aluminium
- โ Strong revenue base: โน6,697 Cr revenue in FY25
- โ Returned to profitability: โน155 Cr PAT vs โน839 Cr loss in FY24
Risk Factors
- โ ๏ธ Heavy revenue dependence on automotive sector clients
- โ ๏ธ Aluminium scrap price volatility affects margins
- โ ๏ธ Pure OFS โ company receives no fresh capital
- โ ๏ธ Operational in a cyclical commodity industry
Subscription Status
89.11x Overall
QIB: 270.5x
NII: 172.3x
RII: 27.1x
GMP Trend
Day-wise Subscription
| Day | QIB | NII | RII | Overall |
|---|---|---|---|---|
| Day 1 | 38.20x | 24.60x | 4.80x | 12.40x |
| Day 2 | 142.40x | 82.20x | 14.20x | 42.80x |
| Day 3 | 270.46x | 172.35x | 27.08x | 89.11x |
Share Reservation
QIB
50%
NII
15%
RII
35%
Allocation as per SEBI regulations for Mainboard IPO
Anchor Investors
HDFC MFNippon India MFAxis MFDSP MFKotak MF
Promoter Holding
78.2%
Pre-IPO
โ -9.8%
68.4%
Post-IPO
Company Gallery
CMR
CMR Green aluminium recycling plant
CMR
Aluminium alloy ingot production
CMR
CMR manufacturing facility
Founders & Leadership
SG
Sanjay Gupta
Chairman & Managing Director
๐ B.Tech, Mechanical Engineering
Founded CMR Group in 2003; built India's largest aluminium recycling network across 14 plants
AG
Ankit Gupta
Joint Managing Director
๐ MBA, Finance
Manages operations and expansion; drives CMR's transition to green manufacturing
IPO Timeline
โ
Open Date
03 Jun 2026
โ
Close Date
05 Jun 2026
โ
Allotment Date
08 Jun 2026
โ
Listing Date
10 Jun 2026
Key Financials
Revenueโน6,697 Cr
PATโน155 Cr
EPSโน4.70
P/E Ratio40.8x
ROE8.2%
Market Capโน6,300 Cr
Company Financials (Restated Consolidated)
| Period Ended | 9M FY26 | FY25 | FY24 | FY23 |
|---|---|---|---|---|
| Assets | 5200.00 | 5800.00 | 6100.00 | 4800.00 |
| Total Income | 5100.00 | 6697.00 | 5968.00 | 5420.00 |
| Profit After Tax | 128.00 | 155.00 | -839.00 | 210.00 |
| EBITDA | 380.00 | 480.00 | 120.00 | 520.00 |
| Net Worth | 1920.00 | 1890.00 | 1720.00 | 2560.00 |
| Reserves & Surplus | 1720.00 | 1690.00 | 1520.00 | 2360.00 |
| Total Borrowing | 1100.00 | 1350.00 | 2100.00 | 800.00 |
Amount in โน Crore
Key Performance Indicators (KPI)
| KPI | 9M FY26 | FY25 |
|---|---|---|
| ROE (%) | 6.67 | 8.20 |
| EBITDA Margin (%) | 7.45 | 7.17 |
| Debt / Equity | 0.57 | 0.71 |
| Net Worth (Rs. Cr) | 1920.00 | 1890.00 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS | โน4.70 | โ |
| P/E (x) | 40.8x | โ |
| ROE (%) | 8.2% | โ |
| Promoter Holding | 78.2% | 68.4% |
| Market Cap | โน6,300 Cr | |
IPO Registrar
IPO FAQs
CMR Green Technologies IPO is a mainboard IPO with an issue size of โน631 Cr at a price band of โน182 โ โน192. Minimum lot size is 78 shares (minimum investment ~โน14,976). Opens on 03 Jun 2026 and closes on 05 Jun 2026. Proposed listing on BSE, NSE. Registrar: Link Intime India.