CMR Green Technologies was incorporated on August 23, 2005. The group is India’s largest producer of Aluminium and Zinc die-casting alloys with a combined annual capacity of over 310,700 MT. Since its inception, it has maintained its fast-paced growth by leveraging the latest technology and continuous improvement. CMR group commenced its business in 2006, when it put up its first plant in Tatarpur, near New Delhi
| Bidding Dates |
|---|
| 03 Jun 2026 - 05 Jun 2026 |
| Subscription |
|---|
| 127.04x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,196 | 1 | 13 | 78 | 32.9 M | ₹182 - ₹192 | 84 % | ₹5980.2 M - ₹6308.8 M | RHP DOC |
CMR Green Technologies IPO SUBSCRIPTION STATUS
05 Jun '26CMR Green Technologies IPO overall subscription rate was 127.04 times the total available shares
CMR Green Technologies IPO retail subscription rate was 27.03 times in the retail segment
CMR Green Technologies IPO non-institutional investor subscription rate was 172.35 times in the non-institutional investor category
CMR Green Technologies IPO Qualified Institutional Bidder subscription rate was 270.46 times the available shares for Qualified Institutional Bidder
CMR Green Technologies IPO Employees subscription rate was 18.53 times in the Employees category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers | Employees |
|---|---|---|---|---|
| Category Reservation | 35% | 15% | 50% | - |
05 Jun 2026 (Day 3) | 27.03x | 172.35x | 270.46x | 18.53x |
04 Jun 2026 (Day 2) | 7.91x | 21.8x | 3.45x | 6.79x |
03 Jun 2026 (Day 1) | 2.45x | 5.67x | 0.03x | 3.18x |
CMR Green Technologies FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| 9MFY26 | 6,275.5 | 162.4 | -387.7 | -489.1 | 5.2% |
| FY25 | 6,666.5 | 155.0 | -92.0 | -330.4 | 4.6% |
| FY24 | 5,952.4 | -838.6 | 74.1 | -68.5 | 3.7% |
| FY23 | 5,868.5 | 104.5 | 610.9 | 491.2 | 3.5% |
CMR Green Technologies IPO SUBSCRIPTION STATUS DETAILS
CMR Green Technologies had 32.9 M shares on offer
CMR Green Technologies IPO offer price was in the range ₹182 - ₹192
CMR Green Technologies IPO minimum Investment was ₹14196
CMR Green Technologies IPO issue size was ₹ 5980.2 M - ₹ 6308.8 M
CMR Green Technologies had a minimum lot size of 78 Shares per application
CMR Green Technologies NUMBER OF SHARES ON OFFER
CMR Green Technologies IPO IMPORTANT DATES
| Issue Open Date | 03 Jun 2026 |
| Issue close Date | 05 Jun 2026 |
| Allotment Date | 08 Jun 2026 |
| Refund Date | 09 Jun 2026 |
| Demat Account Credit Date | 09 Jun 2026 |
| Listing Date | 10 Jun 2026 |
| Listing on Exchange(s) | NSE and BSE |
| CMR Green Technologies Allotment Status | Exchange/ Registrar |
CMR Green Technologies IPO subscription opened on 03 Jun 2026, and closed on 05 Jun 2026
IPO allotment for CMR Green Technologies was finalized on Monday, 08 Jun 2026
IPO listing for CMR Green Technologies was on NSE and BSE on Wednesday, 10 Jun 2026
CMR Green Technologies IPO LISTING GAINS
| Issue Price (adjusted) | 192.0 |
| Listing Open Price | 268.0 |
| Listing Close Price | 241.2 |
| Listing Gain% | 39.6% |
| Current Gain% | 17.5% |
CMR Green Technologies Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CMR Green Technologies Ltd. | 225.6 | 4941.9 | 23.3 | 0.5 | 0.6 | 13.9 | 5.5 | 8659.2 | 29.3 | 212.4 | 49.1 | 9.7 | 49.1 |
| Hindalco Industries Ltd. | 1059.6 | 238116.1 | 14.5 | -4.6 | 0.8 | 9.8 | 3.8 | 277833 | 15.2 | 13391 | -16.3 | 73 | -3.1 |
| Vedanta Aluminium Metal Ltd. | 470 | 183807.8 | 0 | -192.6 | 0 | 0 | -28.4 | ||||||
| Vedanta Ltd. | 278.8 | 109041.2 | 5.5 | 0.2 | 1 | 35 | 7.4 | 79987 | -48.9 | 17391 | 16 | 50.3 | 35.1 |
| National Aluminium Company Ltd. | 381 | 69975.7 | 10.4 | 0.6 | 3.6 | 26.8 | 21.8 | 18508.9 | 8 | 5797 | 10 | 36.8 | 17.8 |
| Arfin India Ltd. | 88 | 1485.3 | 96.1 | 1.4 | 2.4 | 9.1 | 4.2 | 618.9 | 0.2 | 15.5 | 68.9 | 0.9 | 68.9 |
CMR Green Technologies INFORMATION ON IPO ISSUE
About CMR Green Technologies
CMR Green Technologies was incorporated on August 23, 2005. The group is India’s largest producer of Aluminium and Zinc die-casting alloys with a combined annual capacity of over 310,700 MT. Since its inception, it has maintained its fast-paced growth by leveraging the latest technology and continuous improvement. CMR group commenced its business in 2006, when it put up its first plant in Tatarpur, near New Delhi
Object of the Issue
- To carry out the offer for sale of up to 32,858,323 equity shares by the selling shareholders
- To achieve the benefits of listing the equity shares on the stock exchanges
CMR Green Technologies - PROMOTERS
| Name |
|---|
| Mohan Agarwal |
| Pratibha Agarwal |
| Akshay Agarwal |
| Raghav Agarwal |
CMR Green Technologies - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Mohan Agarwal | Chairman & Managing Director |
| Akshay Agarwal | Whole-time Director |
| Raghav Agarwal | Whole-time Director |
| Peter Francis Amour | Non-Executive Nominee Director |
| Balvinder Kumar | Independent Director |
| Gyanmohan | Independent Director |
| Rashmi Verma | Independent Director |
| Girish Paman Vanvari | Independent Director |
CMR Green Technologies Book Running Lead Manager
Equirus Capital Private Limited
cmr.ipo@equirus.com
ICICI Securities Limited
cmripo@icicisecurities.com
Motilal Oswal Investment Advisors Limited
cmr.ipo@motilaloswal.com
CMR Green Technologies Registrar to the Offer
KFin Technologies Limited
cmr.ipo@kfintech.com
CMR Green Technologies Strengths
Leading recycler in India
The company is India’s leading aluminium recycler with the highest market share in the secondary aluminium market (FY25) and ~4x the capacity of its nearest competitor. It also ranks among the largest global players, with revenues growing at ~23% CAGR from FY07 to FY25
Diversified supplier base
A key growth factor for their business is sourcing metal scrap, with supplies from 198 global vendors across 73 countries, including the US, UK, Europe, Australia, and the UAE. Major suppliers include Sims Global Commodities, EMR, Schnitzer Steel, Stemin, Indra Recycling, and Gemini Corporation, alongside growing domestic sourcing
Strategic alliances
The company have joint ventures with Toyota Tsusho, Nikkei MC Aluminium, and Nippon Light Metal, along with subsidiaries CMRN (74% stake) and CMRT (70% stake). These partnerships expanded liquid aluminium supply and market share, while CMR NLM Eco, with 20% Nippon investment, focuses on low-carbon billet recycling using advanced Japanese know-how
CMR Green Technologies Risks
Dependent on the automotive industry
The company relies heavily on automotive industry customers, making its business dependent on the sector’s performance. Any loss of key customers, shift in alloy preferences, or adverse industry conditions could negatively affect its operations and financials
Quality or delivery standards
The company operates under strict quality requirements, incurring significant costs to maintain precision and meet customer specifications for aluminium alloys, stainless steel, and related products. Any failure in quality or delivery standards could lead to order cancellations, harming reputation and financial performance
Dependent on third-party transport providers
The company depends on third-party transport providers, along with its own vehicles, for sourcing raw materials and delivering products. Reliance on logistics companies and intermediaries makes them vulnerable to delays, which could disrupt supplies and impact sales
IPO FAQs
This IPO consists of an offer for sale of up to Rs 630.9 crore, of 32,858,323 shares.
The promoters of the company are Mohan Agarwal, Pratibha Agarwal, Akshay Agarwal and Raghav Agarwal.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 182.0 - 192.0.
The IPO application opens on Jun 03, 2026 and closes on Jun 05, 2026.
The minimum lot size for the IPO is 78. The maximum lot size for the IPO is 1014.
For all category investors, the minimum application amount for this IPO is Rs. 14,196.0, the maximum value for this IPO is Rs 194,688.0.
This IPO will be allotted on Jun 08, 2026.
The refund will be credited to your account on Jun 09, 2026.
The allotted shares will be credited to your demat on Jun 09, 2026.
CMR Green Technologies Ltd.’s shares listed on the stock exchanges on Jun 10, 2026.