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CMR Green Technologies IPO Review

CMR Green Technologies IPO has been reviewed by 19 analysts, and the overall consensus is Strong Apply — carrying a score of 88. Out of the 19 analysts who have covered this IPO, 13 recommend subscribing while 6 advise caution or avoidance — reflecting a broadly positive view from the analyst community.

The issue is priced in the band of ₹182-192 per share, with a minimum application size of 78 shares (minimum investment of approximately ₹14,976 at the upper band). Subscription ran from 03 Jun 2026 to 05 Jun 2026. The issue size is ₹631 crore. As of now, the grey market premium (GMP) for CMR Green Technologies IPO is quoting at ₹67 (35%), which gives a preliminary sense of how the street is pricing the listing — though GMP is unofficial and can swing sharply before the listing date. Scroll down for the full analyst breakdown and analyst-wise verdicts.

Abhishek Vohera, Founder of IPO Guru Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated Figures sourced from the RHP, BSE & NSE

Analyst verdict & score

One score out of 100, aggregated from every analyst verdict tracked for this issue. How it's calculated

Sentiment score
88/ 100
Strong Apply 13 of 19 recommend subscribing
How analysts voted
Apply 13
May apply 2
Neutral 4
Not rated 3

Higher consensus indicates broader analyst agreement.

Detailed review

What the analyst reports say, grouped by the question you're likely asking.

General review

CMR Green Technologies is described in the notes as a leader in non-ferrous metal recycling, particularly recycled aluminium. Revenue was ₹6,696.66 crore in FY25 and ₹6,291 crore for the nine months to December 2025. Coverage leaned clearly positive: eleven of the eighteen analysts said subscribe, three stayed neutral and two advised caution.

Listing gains

Valuation estimates vary widely, from about 19.7 to 29.5 times depending on whether FY25 or annualised FY26 earnings are used, with most clustering near 21 to 27 times on a ₹192 upper band. Several analysts call this attractive against peers, and one explicitly recommended subscribing for listing gains.

Short-term strategy

EBITDA was broadly stable at ₹328.62 crore in FY25 and ₹316.62 crore for the nine months to December 2025, on annualised earnings of about ₹9.01 per share. Recycling margins move with metal prices, so the notes treat near-term earnings as steady rather than fast-growing.

Long-term strategy

The long-term case in the notes is the recycling market itself. Analysts cite the recycled aluminium market expanding at about 13.2 percent CAGR to roughly 3.71 million tonnes by FY2030, and argue the company is structurally positioned to capture that. Several frame their subscribe calls as medium to long term.

How this is written: an AI-assisted summary of the 22 analyst reports listed below. It reports their views; IPO Guru does not make buy or sell recommendations.

Analyst reviews

Ordered by each analyst's track record over the past year; analysts still building one are listed last.

Latest IPO reviews

How analysts rated the most recent mainboard issues — and, where they have listed, how the call played out.

Frequently asked

Should I apply for CMR Green Technologies IPO?

The analyst consensus for CMR Green Technologies IPO tracked on this page is Strong Apply, with a score of 88/100. Out of 19 analysts who have reviewed this IPO, 13 recommend subscribing. IPO Guru does not make buy or sell recommendations. Read the individual analyst reports and consult a SEBI-registered advisor before investing.

What does the score of 88 mean for CMR Green Technologies IPO?

The score of 88 is an aggregate of all analyst ratings tracked for CMR Green Technologies IPO. A score in this range indicates strong analyst confidence — most analysts are recommending a subscribe. Read the individual analyst verdicts above for more context.

What was the actual listing price of CMR Green Technologies IPO?

CMR Green Technologies IPO listed on June 10, 2026 at ₹268, against the issue price of ₹192 — a gain of +39.58% (₹76 per share). View the full GMP history page for day-wise pre-listing trends.

What is the price band and lot size of CMR Green Technologies IPO?

CMR Green Technologies IPO was priced at ₹182-192 per share. The minimum lot size is 78 shares, making the minimum investment approximately ₹14,976 at the upper end of the price band. Subscription ran from 03 Jun 2026 to 05 Jun 2026.

Explore CMR Green Technologies IPO further

Analyst views are one input. Read them alongside the demand, the grey market and the filings before you decide.

CMR Green Technologies IPO review

A verdict is an opinion, not a guarantee.

IPO Guru collects analyst views, GMP, subscription and allotment for every Mainboard and SME issue. Weigh them together — and against the offer document — before you apply.

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Disclaimer: Grey Market Premium (GMP) is for information purposes and is not a guarantee of listing price. Always consult your financial advisor before investing.

Consensus
Strong Apply
Score
88 / 100
Listed at
₹268
Full IPO details