CMR Green IPO is a Mainboard book-built public issue through which CMR Green Technologies Limited proposes to list its equity shares on the Indian stock exchanges. The IPO comprises a fresh issue of equity shares along with an Offer for Sale by certain existing shareholders. Through this public offering, the company aims to strengthen its capital base while also providing a partial exit opportunity to the selling shareholders.
CMR Green Technologies Limited is one of India’s leading manufacturers of recycled non-ferrous metal products, serving customers across the automotive, electrical, engineering, and industrial sectors. The company has established an integrated recycling and manufacturing network that converts metal scrap into value-added alloy products used in various end-user industries.
This article provides complete information about the CMR Green IPO, including the issue details, subscription dates, lot size, reservation, company profile, financial performance, objectives of the issue, strengths, risk factors, allotment process, and other important information to help investors understand the public offering before making an investment decision.
CMR Green IPO Details
CMR Green Technologies Limited has launched its public issue through the book-building process under the Mainboard segment. The IPO consists of a combination of a fresh issue of equity shares and an Offer for Sale by eligible shareholders. The company intends to utilize the proceeds from the fresh issue for the purposes specified in the Red Herring Prospectus, while the proceeds from the Offer for Sale will be received by the respective selling shareholders.
| IPO Details | Information |
|---|---|
| IPO Name | CMR Green IPO |
| IPO Type | Book Built Issue |
| Issue Category | Mainboard IPO |
| Face Value | ₹2 per Equity Share |
| Price Band | ₹182 to ₹192 per Equity Share |
| Issue Price | ₹192 per Equity Share |
| Issue Size | ₹631 Crore (Approx.) |
| Fresh Issue | Nil |
| Offer for Sale | 3,28,58,323 Equity Shares |
| IPO Opens | 3 June 2026 |
| IPO Closes | 5 June 2026 |
| Basis of Allotment | 8 June 2026 |
| Listing Exchange | BSE & NSE |
| Listing Date | 10 June 2026 |
| Lot Size | 78 Shares |
| Minimum Investment | ₹14,976 |
| Issue Status | Listed |
CMR Green IPO was offered through the Mainboard book-building route and consisted entirely of an Offer for Sale by the existing shareholders. Since no new equity shares were issued, the company did not receive any funds from the public issue, while the sale proceeds were received by the selling shareholders after deducting applicable expenses. Eligible investors were able to submit their applications through the ASBA or UPI mechanism during the subscription period.
CMR Green IPO Dates & Timeline
CMR Green IPO followed the standard timeline applicable to Mainboard book-built public issues in India. The public issue opened for subscription on 3 June 2026 and closed on 5 June 2026. After the subscription period concluded, the registrar finalized the basis of allotment, initiated refunds to unsuccessful applicants, credited equity shares to successful investors’ demat accounts, and completed the listing process on the stock exchanges. The important IPO dates are provided below.
| Event | Date |
|---|---|
| Anchor Investor Bidding | 2 June 2026 |
| IPO Opening Date | 3 June 2026 |
| IPO Closing Date | 5 June 2026 |
| Basis of Allotment | 8 June 2026 |
| Initiation of Refunds | 9 June 2026 |
| Credit of Shares to Demat | 9 June 2026 |
| Listing Date | 10 June 2026 |
Applicants who submitted their bids through the ASBA process were required to approve the UPI mandate before the bidding window closed. After the allotment process was completed, unsuccessful applicants received the release of blocked funds, while successful applicants received their allotted equity shares in their demat accounts before the company’s listing on BSE and NSE.
CMR Green IPO Reservation
CMR Green IPO followed the allocation pattern prescribed by SEBI for Mainboard book-built public issues. The issue was reserved for Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail Individual Investors (RIIs), enabling participation from different categories of investors in accordance with the applicable regulations.
| Investor Category | Reservation |
|---|---|
| Qualified Institutional Buyers (QIB) | Not More than 50% |
| Non-Institutional Investors (NII) | Not Less than 15% |
| Retail Individual Investors (RII) | Not Less than 35% |
Retail investors participated under the retail category, while applications exceeding the prescribed investment limit were considered under the non-institutional category. Qualified Institutional Buyers included eligible domestic and foreign institutional investors as permitted under the applicable SEBI regulations.
CMR Green IPO Lot Size
The minimum application for the CMR Green IPO was one lot consisting of 78 equity shares. Investors could apply for additional lots in multiples of the prescribed lot size, subject to the investment limits applicable to their respective investor categories. The following table shows the investment requirement based on the issue price of ₹192 per share.
| Application Category | Lots | Shares | Investment |
|---|---|---|---|
| Retail (Minimum) | 1 | 78 | ₹14,976 |
| Retail (Maximum) | 13 | 1,014 | ₹194,688 |
| S-HNI (Minimum) | 14 | 1,092 | ₹209,664 |
| B-HNI (Minimum) | 67 | 5,226 | ₹10,03,392 |
Retail investors were permitted to apply up to the maximum investment limit specified for the retail category. Applications exceeding the prescribed limit were treated under the non-institutional investor category. Investors were required to ensure that the application amount matched the applicable lot size before submitting their IPO application.
About CMR Green Technologies Limited
CMR Green Technologies Limited is one of India’s leading manufacturers of recycled non-ferrous metal products. The company specializes in producing aluminium alloys, zinc alloys, and other value-added metal products by recycling non-ferrous metal scrap. Its products are widely used in the automotive, electrical, engineering, consumer durables, and industrial manufacturing sectors.
The company has developed an integrated business model covering the procurement of metal scrap, recycling, alloy manufacturing, quality testing, and distribution. This integrated approach enables CMR Green Technologies to maintain product quality while efficiently managing its production process and supply chain.
CMR Green operates multiple manufacturing facilities across India with modern production infrastructure and advanced recycling technologies. These facilities are strategically located to support efficient procurement of raw materials and timely supply of finished products to customers across different regions.
A significant portion of the company’s business comes from supplying aluminium alloy products to automobile manufacturers and component suppliers. The company has established long-term business relationships with several leading original equipment manufacturers (OEMs) and Tier-1 automotive component manufacturers, contributing to a stable customer base.
The company places considerable emphasis on sustainable manufacturing by promoting the recycling and reuse of non-ferrous metals. Recycling helps reduce energy consumption and conserves natural resources compared to primary metal production, supporting the growing demand for environmentally responsible manufacturing practices.
CMR Green Financial Performance
CMR Green Technologies Limited has reported steady financial performance over the last three financial years, supported by growth in sales volumes, operational efficiency, and strong demand from the automotive and engineering sectors.
| Financial Year | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Total Income | ₹6,175.84 Cr | ₹7,082.63 Cr | ₹7,486.19 Cr |
| EBITDA | ₹418.27 Cr | ₹503.14 Cr | ₹582.76 Cr |
| EBITDA Margin | 6.77% | 7.10% | 7.78% |
| Profit After Tax (PAT) | ₹170.96 Cr | ₹222.84 Cr | ₹271.38 Cr |
| PAT Margin | 2.77% | 3.15% | 3.63% |
| Net Worth | ₹1,106.82 Cr | ₹1,336.45 Cr | ₹1,608.74 Cr |
The company’s financial performance reflects consistent growth in revenue and profitability during the reported period. Improved operating margins, expansion in manufacturing capacity, and increasing demand for recycled metal products have supported the company’s overall financial performance. Investors should also review the complete financial statements and notes contained in the Red Herring Prospectus before making an investment decision.
Objectives of the CMR Green IPO
CMR Green IPO consisted entirely of an Offer for Sale by the existing shareholders. Since no fresh equity shares were issued, the company did not receive any proceeds from the public issue. The sale proceeds were received by the selling shareholders after deducting applicable issue-related expenses.
| Objective | Purpose |
|---|---|
| Offer for Sale | Existing shareholders sold part of their shareholding through the IPO. |
| Stock Exchange Listing | To list the company’s equity shares on BSE and NSE. |
| Liquidity for Shareholders | To provide a partial exit opportunity and improve liquidity for the selling shareholders. |
| Wider Public Shareholding | To broaden the company’s shareholder base and facilitate public market participation. |
CMR Green IPO Strengths
CMR Green Technologies Limited has established itself as one of India’s leading non-ferrous metal recycling companies with a diversified manufacturing network and long-standing customer relationships. Its integrated business model, focus on sustainable manufacturing, and operational expertise support its competitive position in the recycled metal industry. Some of the key strengths of the company are discussed below.
- Leading Position in Metal Recycling – The company is among the prominent manufacturers of recycled aluminium and zinc alloy products in India. Its established market presence and manufacturing capabilities enable it to cater to the growing demand for recycled non-ferrous metals across various industries.
- Diversified Manufacturing Facilities – CMR Green operates multiple manufacturing plants located across different regions of India. This extensive manufacturing network supports efficient procurement, production, and distribution while helping the company serve customers throughout the country.
- Strong Customer Relationships – The company supplies recycled metal alloys to several automobile manufacturers, Tier-1 component suppliers, and industrial customers. Long-term relationships with established clients contribute to recurring business opportunities and revenue stability.
- Sustainable Business Model – Recycling non-ferrous metals reduces dependence on primary metal production while conserving natural resources and lowering energy consumption. The company’s environmentally responsible manufacturing approach aligns with the increasing focus on sustainable industrial practices.
- Integrated Operations – CMR Green manages the complete value chain from sourcing metal scrap to manufacturing finished alloy products. This integrated operating model supports quality control, operational efficiency, and timely product delivery.
- Experienced Management Team – The company is led by professionals with significant experience in metal recycling, manufacturing, procurement, and business management. Their industry expertise supports operational excellence and long-term business growth.
Risk Factors
Like any equity investment, investing in the CMR Green IPO involves certain risks that investors should carefully evaluate before making an investment decision. The detailed risk factors are disclosed in the company’s Red Herring Prospectus.
- Dependence on the Automotive Industry – A significant portion of the company’s revenue is generated from customers in the automotive sector. Any slowdown in vehicle production or demand may adversely affect business performance.
- Raw Material Procurement Risk – The company depends on the availability of aluminium and other non-ferrous metal scrap. Any disruption in procurement or significant increase in raw material prices could impact production costs and profitability.
- Commodity Price Fluctuations – Selling prices of recycled metal products are influenced by movements in domestic and international metal prices. Unfavourable price fluctuations may affect operating margins.
- Customer Concentration – Revenue from a limited number of major customers contributes substantially to the company’s business. Reduction in orders or the loss of key customers could impact future financial performance.
- Regulatory and Environmental Compliance – Metal recycling operations are subject to environmental regulations, statutory approvals, and compliance requirements. Changes in regulatory policies or non-compliance may affect business operations.
- Operational and Supply Chain Risks – Manufacturing activities depend on uninterrupted plant operations, logistics, and supply chain management. Equipment breakdowns, transportation disruptions, or labour-related issues may affect production and timely deliveries.
CMR Green IPO FAQs
What is CMR Green IPO?
What was the price band of the CMR Green IPO?
The price band for the CMR Green IPO was fixed at ₹182 to ₹192 per equity share. The final issue price was ₹192 per share.
What was the minimum investment for retail investors?
Retail investors were required to apply for a minimum of one lot comprising 78 equity shares. At the issue price of ₹192 per share, the minimum investment amount was ₹14,976.
How were the IPO proceeds utilized?
Since the IPO consisted entirely of an Offer for Sale, CMR Green Technologies Limited did not receive any proceeds from the public issue. The sale proceeds were received by the selling shareholders after deducting applicable expenses.
What does CMR Green Technologies Limited do?
CMR Green Technologies Limited manufactures recycled non-ferrous metal products, including aluminium alloys and zinc alloys. The company supplies these products to customers operating in the automotive, electrical, engineering, and other industrial sectors.
Where can investors check the IPO allotment status?
Investors could check the allotment status through the official website of the IPO registrar by using their PAN, application number, or DP/Client ID. The allotment details were also made available on the websites of BSE and NSE after completion of the allotment process.
