CMR Green Technologies Seeks ₹182-192 per Share in Maiden IPO
CMR Green Technologies
IPOCMR Green Technologies IPO Opens for Subscription on June 3
The initial public offering (IPO) of CMR Green Technologies Limited is set to open for subscription on Wednesday, June 3, with a price band of ₹182 to ₹192 per equity share of face value ₹2. The public issue will close on Friday, June 5.
The allocation to anchor investors is scheduled to take place on Tuesday, June 2. The lot size for the CMR Green Technologies IPO is 78 equity shares, with investors allowed to subscribe in multiples of 78 equity shares thereafter.
The CMR Green Technologies IPO has reserved a significant portion of the shares for various categories of investors. A minimum of 50% of the shares are reserved for qualified institutional buyers (QIB), while a minimum of 15% is reserved for non-institutional investors (NII). Additionally, not less than 35% of the offer is reserved for retail investors.
Read also: SMR Jewels IPO Successfully Lists with Institutional Support
| Category | Reserved Percentage |
|---|---|
| Qualified Institutional Buyers (QIB) | 50% |
| Non-Institutional Investors (NII) | 15% |
| Retail Investors | 35% |
Investor Takeaway
CMR Green Technologies Limited is seeking ₹182-192 per share in its maiden IPO.
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