CMR Green Technologies Files for Initial Public Offering on Dalal Street for June 3 Listing

CMR Green Technologies Set to Launch IPO on June 3

Haryana-based non-ferrous metal recycler CMR Green Technologies is preparing to launch its initial public offering (IPO) for public subscription next week on June 3. This marks the second public issue opening next week, following Hexagon Nutrition.

The IPO consists entirely of an offer-for-sale of 3.28 crore equity shares by promoters and investors, with no fresh issue component. Consequently, the proceeds from the initial public offering will be received by selling shareholders, and the company will not receive any money from the offer.

The promoters, Mohan Agarwal, Gauri Shankar Agarwala HUF, and Mohan Agarwal HUF, will be offloading 64.59 lakh shares via offer-for-sale, while investor Global Scrap Processors will be selling a major chunk from the offer of 2.6 crore shares.

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The IPO will remain open for public subscription until June 5, while the one-day anchor book will be launched on June 2. The IPO share allotment will be finalized by June 8, and CMR Green Technologies shares will be available for trading on the BSE and National Stock Exchange effective June 10.

The company has reserved Rs 2.5 crore worth of shares for its employees, who may offer those shares at a discount to the offer price. At the time of filing of the Red Herring Prospectus on May 27, the promoters' shareholding in CMR Green stood at 86.95 percent, while the public shareholder Global Scrap Processors holds a 13.05 percent stake (2.85 crore shares).

CMR Green Technologies manufactures recycled aluminium alloys (in ingot and liquid form), zinc alloy ingots, dross, and segregated furnace-ready scrap of stainless steel, copper, brass, zinc, lead, and magnesium. The company claims to be the leading non-ferrous metal recycler in terms of installed capacity and has the highest market share in the Indian secondary aluminium market in terms of revenue from operations amongst its peer companies.

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On the financial front, CMR Green has reported a profit of Rs 162.3 crore and revenue at Rs 6,275.5 crore for the nine-month period ended December 2025. Profit for the fiscal 2025 stood at Rs 155 crore against a loss of Rs 838.5 crore in the previous fiscal. The loss in the previous year was due to an exceptional loss of Rs 1,239.6 crore.

Revenue in the year ended March 2025 increased by 12 percent to Rs 6,666.5 crore, up from Rs 5,952.4 crore.

Equirus Capital, ICICI Securities, and Motilal Oswal Investment Advisors have been appointed as the merchant bankers for managing the CMR Green Technologies IPO.