CMR Green Technologies IPO: 10 Key Facts Ahead of Offer Launch Amid Indications of 32% Listing Premium
CMR Green Technologies
IPOCMR Green Technologies IPO Set to Debut on Indian Primary Market
The initial public offering (IPO) of CMR Green Technologies is scheduled to hit the Indian primary market on 3 June, marking the first mainboard offering to open in nearly a month. The investor buzz is already high in the offering, as evidenced by the grey market premium (GMP) in the unofficial market. CMR Green Technologies IPO GMP has been on a steady uptrend since the offer price band announcement last week and has risen to its highest so far on 2 June.
As of today, CMR Green Technologies IPO GMP jumped from ₹49 a day ago to ₹61, indicating that shares of CMR Green Technologies are trading at ₹253 in the grey market, signaling a listing pop of 32%.
10 Key Things to Know About CMR Green Technologies IPO
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Apart from the grey market premium, investors must also be aware of the following key facts about the CMR Green Technologies IPO:
| Category | Details |
|---|---|
| IPO Dates | Opens on 3 June and closes on 5 June, with allotment expected on 8 June and listing likely on 10 June |
| IPO Size & Structure | Worth ₹630.88 crore at the upper end of the price, entirely an offer for sale (OFS) with no fresh issue component |
| IPO Price Band | ₹182 to ₹192 per share |
| Sellers | Mohan Agarwal, Gauri Shankar Agarwal HUF, Mohan Agarwal HUF, and Global Scrap Processors |
| Allocation | 50% for QIBs, 15% for NIIs, and 35% for retail investors |
| Lot Size | 78 shares, minimum investment required by a retail investor is ₹14,976 at the upper end of the price band |
In addition to these key facts, investors should also be aware of the following:
- CMR Green Technologies' peers include Pondy Oxides, Gravita India, Baheti Recycling Industries, and Jain Resource Recycling.
- The company swung to profit in FY25, with a PAT of ₹155 crore, compared to a loss of ₹838 crore in the same period last year.
- CMR Green Technologies' revenue has grown consistently over the last 3 fiscal years, with a revenue of ₹6666.4 crore in FY25, ₹5952.4 crore in FY24, and ₹5868.5 crore in FY23.
- The company is a leading non-ferrous metal recycler, with the highest market share in the Indian secondary aluminium market in terms of revenue from operations for the fiscal year 2025 amongst the peer companies.
- CMR Green Technologies Limited has a capacity advantage over domestic players, with an installed capacity of around 4 times of the nearest competitor in the domestic recycled aluminium space.
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The book-running lead managers for the IPO are Equirus Capital, ICICI Securities, and Motilal Oswal Investment Advisors, while KFin Technologies is the registrar.
Investor Takeaway
Investors should be aware of the listing premium and key facts before investing in the CMR Green Technologies IPO.
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