CMR Green Technologies IPO analysis @ Chanakyanipothi.com, India`s Oldest & most Trusted Investment Blog. Operational since 8th December 1999, it is the Only Investment Platform in India, which has successfully completed 21 Years
CMR Green Technologies IPO is now expected any time during October 2022.
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CMR Green Technologies Grey Market News Today #
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CMR Green Technologies Company Details
CMR Green Technologies is the largest metal recycler in the domestic aluminum recycling industry and amongst the largest in the world. It is primarily focused on the recycling of aluminum, which involves the processing of aluminum-based metal scrap to manufacture aluminum alloys and supplying them both in liquid form as well as solid ingots, and on the manufacturing of zinc alloys.
In addition to aluminum recycling, it focuses on segregation and recycling of other metals such as stainless steel, copper, brass, zinc, magnesium and steel that form part of the mixed metal scrap that it procures, and recycling of end-of-life vehicles (“ELVs”) where it undertakes dismantling, shredding and sorting of ELV parts.
CMR Green Technologies currently operates through 12 manufacturing facilities of which, 10 facilities undertake aluminum recycling operations, targeted towards the automotive manufacturing sector in India and overseas. These 10 manufacturing facilities, each of which is situated in key auto clusters in north, west and south India, are strategically located close to its customers’ manufacturing facilities allowing it to optimize its deliveries, reduce lead times and facilitate greater interaction with its customers. It is also in the process of setting up a cold refining plant in Gujarat to create further operational efficiency and reduce logistics cost. In addition, it set up a facility at Balasar, Gujarat in Fiscal 2020 through which, it undertakes the business of dismantling of electric motors, primarily catering to local recycling industry and metal traders. Further, it is in the process of setting up a facility in the
district of Kheda, Gujarat pursuant to its joint venture agreement dated July 16, 2020, with Kent Industrial Park Private Limited (“Kent”) which is intended to undertake dismantling, shredding and sorting of parts of ELVs. CMR Green Technologies is India’s largest recycler of aluminum and zinc alloy ingots with a combined annual capacity of 310,700 MT as of Fiscal 2021, and its installed capacities accounted for approximately 13-15% of the aggregate installed capacity, domestically, as of Fiscal 2021 as compared to 4-5% for the nearest competitor.
Additionally, it has a stainless-steel recycling capacity of 60,000 MT, as of Fiscal 2021.
Its customers primarily include OEMs and Tier 1 companies in the automotive manufacturing sector. Some of its OEM customers include Maruti Suzuki , Honda Cars India Limited, Bajaj Auto , Hero MotoCorp , Royal Enfield Motors and India Yamaha Motor , while its customers, who are Tier 1 companies include Toyota Industries Engine , Rockman Industries, Sunbeam Light weighting Solutions , Endurance Technologies , Rico Auto Industries, Minda Industries , Jaya Hind Industries , Samvardhana Motherson Auto Component , Craftsman Automation , Gabriel India , Denso International India and Ahresty India , among others.
In its segregation and recycling of metal segment, it sells stainless steel, copper, brass, zinc and other metals to various manufacturers that further use these metals as raw material for their foundries. Some of such customers that it caters to include Jindal Stainless Limited and Agrawal Metal Works Limited. CMR Green Technologies has a de-risked and diversified business model and as per CRISIL Report. For more information, click www.cmr.co.in
The Promoters of CMR Green Technologies
Gauri Shankar Agarwala, Mohan Agrawal, Kalawati Agarwal & Pratibha Agarwal
CMR Green Technologies IPO Main Objects
The Offer comprises of the Fresh Issue and Offer for Sale.
The Company proposes to utilize the Net Proceeds towards the following objects:
Repayment / prepayment, in full or in part, of certain borrowings availed by the Company
CMR Green Technologies IPO Details
IPO opens on (?) 2022
IPO closes on (?) 2022
Issue Type: Book Built Issue IPO
Issue: up to (?) Shares /Rs (?) Crore
* Fresh Issue of (?) Sh/ Rs.300 Cr
* Offer for Sale Up to 33,414,138 Sh/ Rs. (?) Cr
Face Value per share: Rs. 2
CMR Green Technologies IPO Price Band Per Equity Share: Rs. (?)
CMR Green Technologies IPO Retail Lot Size (?) Shares
CMR Green Technologies Listing will at BSE, NSE
Shares offered to
QIB (?%) Shares = Rs (?) Cr
NII (%) ? Shares = Rs (?) Cr
RII (%) ? Shares = Rs (?) Cr
Lot size: (?) Shares = (?) Forms
Min Retail Application: (?) Shares, Rs. (?)
Max Retail Application: (?) Shares, Rs (?)
CMR Green Technologies IPO Tentative timetable
CMR Green Technologies IPO Allotment on? 202
Unblocking of ASBA (?) 2022
Credit to Demat Accounts (?) 2022
Data Patterns Listing on (?)2022
CMR Green Technologies IPO Financial Analytical Ratios
Earnings per Share 2019-20 Rs 0.05
Earnings per Share 2020-21, Rs 8.86
Earnings per Share 2021-22 6M Rs (?)
Book Value of the Share as on 31.3.2021 Rs 34.45
Return on Net Worth: 19-20 0.57 %
Return on Net Worth: 20-21: 25.71 %
Return on Net Worth: 20-21 6M:( N.A.) %
Upper Price Band/last EPS:
Upper offer price/Book Value Ratio:
Equity Shares prior to the IPO: 221,268,171 Shares
CMR Green Technologies IPO Peer Comparison:
There are no listed entities whose business portfolio is comparable with that of this business and comparable to its scale of operations
CMR Green Technologies IPO Lead Managers
ICICI Securities, Axis Capital, Jm Financial
Registrar to CMR Green Technologies IPO
Kfin Technologies India Pvt. ltd.
Registered Office of CMR Green Technologies
Unit Nos. 802-803, 8th Floor, SSR Corporate Park, Sector 27 B, Faridabad 121 003
Company Secretary & Compliance Officer: Lohit Chhabra
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CMR Green Technologies IPO Subscription Status
# Anchor Investors Subscription
# On 16 September 2022 @ 5.00 pm
QIB : (?) Shares, (?) T
Big NII : (?) Shares, (?)T
Small NI: (?) Shares, (?)T
RII : (?) Shares, (?)T
Empl : (?) Shares, (?)T
Total : (?) Shares, (?)T
For Guidance of CMR Green Technologies IPO, Click https://chanakyanipothi.com/category/guidance-ipos-rights-offers/