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CMR Green Technologies IPO

CMR Green Technologies IPO — date, price band, GMP & allotment 2026

CMR Green Technologies IPO is scheduled to open for subscription from 3 June 2026 to 5 June 2026. Incorporated in 2005, CMR Green Technologies is one of India’s leading non-ferrous metal recycling companies, engaged in manufacturing recycled aluminium alloys, aluminium billets, zinc alloy ingots and other value-added metal products. The company primarily serves automotive OEMs and industrial customers through its recycling-based business model. It has a strong manufacturing and distribution presence across India and is a key supplier to major automobile and engineering companies.

Stock price

CMR Green Technologies is listed — here is the live share price.

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The verdict
Strong Apply
89 / 100 · 16 reviews
Read the reviews →
Grey market premium
₹67
+35% over ₹192 issue price
GMP history →
Subscribed
127.04×
Overall, across all categories
Fully subscribed Live subscription →
Minimum to apply
₹14,976
1 lot · 78 shares at ₹192
Size my application →
Abhishek Vohera, Founder of IPO Guru Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated Figures sourced from the RHP, BSE & NSE

Timetable

Key dates from opening to listing. Today is 13 September.

Key dates Listed
  1. Open 03 Jun 2026
  2. Close 05 Jun 2026
  3. Allotment 08 Jun 2026
  4. Refund/credit 09 Jun 2026
  5. Listing 10 Jun 2026

Issue summary

The terms of the offer, as filed.

IPO Dates 3 to 5 Jun, 2026
Price Band ₹182 – ₹192
Face Value ₹2
Lot Size 78 Shares
Issue Size ₹631 Cr
Sale Type Bookbuilding IPO
Listing On BSE, NSE
Employee Discount Rs 18.00 per share
Registrar KFin Technologies Limited
Min Investment ₹ 14,976
Reservation
QIB 50%
NII 15%
Retail 35%
Employee 0.44%

Share of the offer set aside for each investor category, as stated in the offer document.

What will it cost me?

Bidding is in multiples of 78 shares at the ₹192 cut-off. Drag to size your application.

shares
1 lot lots
If it lists at today's grey market premium of ₹67
on
Grey market premium is an unofficial, unregulated indicator. It is not a forecast.
Application Lots Shares Amount
Retail (min) 1 78 ₹14,976
Retail (max) 13 1,014 ₹1,94,688
S-HNI (min) 14 1,092 ₹2,09,664
S-HNI (max) 66 5,148 ₹9,88,416
B-HNI (min) 67 5,226 ₹10,03,392

Strengths & risks

Drawn from the offer document — the case for and against, side by side.

Strengths · 5

  • 01Leading player in India’s non-ferrous metal recycling industry.
  • 02Strong customer base comprising major automotive OEMs and manufacturers.
  • 03Environment-friendly business model aligned with sustainability trends.
  • 04Multiple manufacturing facilities providing wide geographic reach.
  • 05Experienced management team with long industry track record.

Risks · 5

  • 01Revenue heavily dependent on the automotive sector's performance.
  • 02Fluctuations in metal scrap and commodity prices can impact margins.
  • 03Intense competition from organized and unorganized recyclers.
  • 04Dependence on continuous availability of quality scrap materials.
  • 05Regulatory and environmental compliance requirements may increase costs.

Three years of numbers

All figures in ₹ crore, as reported in the CMR Green Technologies offer document.

Total income
6,291.00
5,968
6,697
6,291
31 Mar 2024Mar 31, 2025Dec 31, 2025
Profit after tax
162.39
-839
155
162
31 Mar 2024Mar 31, 2025Dec 31, 2025
EBITDA
316.62
-706
329
317
31 Mar 2024Mar 31, 2025Dec 31, 2025
Metric Dec 31, 2025 Mar 31, 2025 31 Mar 2024
Revenue 6,291.00 6,696.66 5,968.44
EBITDA 316.62 328.62 -705.98
Net Profit 162.39 155.04 -838.56
Debt 1,303.22 894.03 498.65
Assets 3,650.58 2,815.86 2,815.86

See how this IPO compares — view listing performance of all mainboard IPOs.

Valuation & key ratios

Ratios are for the latest full financial year reported in the CMR Green Technologies RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.

P/E Ratio
19.42
EPS (₹)
9.88
RoE
0.10%
RoCE
9.30%
RoNW
24.92%
PAT Margin
2.59%
EBITDA Margin
5.17%
Debt / Equity
0.76
NAV (₹)
27.12

CMR Green Technologies IPO Valuation

How the issue prices the company before and after the fresh shares are created.

Valuation Metric Pre-Issue Post-Issue
EPS (₹) ₹7.08 ₹9.88
P/E Ratio (x) 27.13 19.42
Market Cap at Offer Price (₹ Cr) ₹4,206.00 ₹5,283.62

Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹192 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.

Where the money goes

How the company intends to use the proceeds of the issue.

Not stated

About the company

CMR Green Technologies Limited was established in 2005 and has grown into one of India’s leading metal recycling and manufacturing companies. The company focuses on converting metal scrap into high-quality non-ferrous metal products, supporting sustainable industrial practices. Promoted by the CMR Group, the company has built strong relationships with major automotive and engineering manufacturers across the country through its quality-focused operations and extensive recycling capabilities.

The company manufactures a wide range of products including recycled aluminium alloys, aluminium billets, zinc alloy ingots, and other value-added metal products. Its business model is based on sourcing metal scrap, processing it through advanced recycling technologies, and supplying finished products to OEMs and industrial customers. With multiple manufacturing facilities across India, CMR Green Technologies serves sectors such as automotive, electrical, consumer durables, and engineering, benefiting from increasing demand for sustainable and cost-efficient metal solutions.

Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.

Promoters
Akshay Agarwal, Mohan Agarwal, Pratibha Agarwal, Raghav Agarwal
Promoter holding
86.95 84
Pre-issue → post-issue
Registered office
CMR Green Technologies Ltd. Address 7th Floor, Tower 2, L & T Business Park, 12/4 Delhi, Mathura Road, Faridabad, Haryana, 121003
+91 129 4223050
Registrar

The bankers & the filings

Who is running the book, and the documents this page is built from.

Book-running lead manager
Equirus Capital Pvt.Ltd. View track record →

Lead Manager Track Record

How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.

Equirus Capital Pvt.Ltd.

5 issues handled
Listed in Profit 66.7% 2 of 3 listed
Avg Listing Gain +10.2% across 3 issues
Listed Below Issue 1 of 3 listed

Best listing: Lalithaa Jewellery Mart (+31.8%). Weakest: Omnitech Engineering (-9.7%).

Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.

Company contact

Company
CMR Green Technologies
Email

Frequently asked

What is the GMP of CMR Green Technologies?

The current Grey Market Premium is ₹67, or 35% over the issue price.

What is the CMR Green Technologies IPO price band?

₹182 to ₹192, on a face value of ₹2.

When is the allotment?

The basis of allotment is 8 June 2026, with listing on 10 June 2026.

How do I check allotment status?

On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.

CMR Green Technologies IPO

Every number here traces back to a filing.

IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.

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Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.

GMP
₹67
Subscribed
127.04×
Min bid
₹14,976
Size my application