Published: 28 May 2026 | 6.05 AM
Last Updated: 28 May 2026 | 6.30 PM
IPO Overview / Intro
CMR Green Technologies IPO is a mainboard book building issue. The IPO consists entirely of an offer for sale of 3.29 crore equity shares.
The IPO opens for subscription on 03 June 2026 and closes on 05 June 2026. The shares are proposed to be listed on NSE and BSE with a tentative listing date of 10 June 2026.
CMR Green Technologies Ltd is one of India’s leading non-ferrous metal recycling companies engaged in manufacturing recycled aluminium alloys, zinc alloy ingots, aluminium billets and furnace-ready metal scrap products catering primarily to automotive and industrial sectors.
The company supplies products to major OEMs and Tier-1 automotive manufacturers including Honda Cars India, Bajaj Auto, Hero MotoCorp, Royal Enfield, Maruti Suzuki and Endurance Technologies.
Key Highlights
| Particulars | Details |
|---|---|
| IPO Type | Book Building Mainboard IPO |
| Issue Type | OFS Only |
| Total Issue Size | 3.29 Crore Shares |
| Fresh Issue | Nil |
| Offer For Sale | 3.29 Crore Shares |
| Price Band | To be Announced |
| Face Value | Rs. 2 Per Share |
| Listing Exchange | NSE & BSE |
| Listing Date | 10 June 2026 (Tentative) |
| Industry | Metal Recycling & Secondary Aluminium |
| Promoters | Mohan Agarwal, Pratibha Agarwal, Akshay Agarwal and Raghav Agarwal |
👉 | IPO GMP | IPO Reviews | IPO Subscription | IPO Allotment
CMR Green Technologies IPO GMP – Latest Update
| GMP Details | Value |
| CMR Green Technologies IPO GMP Today | Updating Soon |
| Kostak Rate | Updating Soon |
| Subject to Sauda | Updating Soon |
CMR Green Technologies IPO Subscription Status – Live Update
| Category | Subscription |
| QIB Category | Updating Soon |
| Retail Category | Updating Soon |
| NII Category | Updating Soon |
| Total Subscription | Updating Soon |
IPO Details at a Glance
| Particulars | Details |
| IPO Date | 03 June 2026 to 05 June 2026 |
| Listing Date | 10 June 2026 |
| Face Value | Rs. 2 Per Share |
| Price Band | To be Announced |
| Lot Size | To be Announced |
| Issue Type | Book Building IPO |
| Listing At | NSE & BSE |
| Total Issue Size | 3,28,58,323 Shares |
| Fresh Issue | Nil |
| Offer For Sale | 3,28,58,323 Shares |
| Sale Type | OFS Only |
| Shareholding Pre Issue | 21,90,55,489 Shares |
| Shareholding Post Issue | 21,90,55,489 Shares |
IPO Timetable
| Event | Date |
| IPO Open Date | 03 June 2026 |
| IPO Close Date | 05 June 2026 |
| Basis of Allotment | 08 June 2026 |
| Refund Initiation | 09 June 2026 |
| Credit of Shares | 09 June 2026 |
| Listing Date | 10 June 2026 |
Reservation
| Investor Category | Reservation |
| QIB Shares Offered | Not More Than 50% |
| Retail Shares Offered | Not Less Than 35% |
| NII Shares Offered | Not Less Than 15% |
Lot Size
| Application Type | Lots | Shares | Amount |
| Retail Minimum | To be Announced | To be Announced | To be Announced |
| Retail Maximum | To be Announced | To be Announced | To be Announced |
| S-HNI Minimum | To be Announced | To be Announced | To be Announced |
| B-HNI Minimum | To be Announced | To be Announced | To be Announced |
Company Details
CMR Green Technologies Ltd was incorporated in 2006 and operates as one of India’s leading non-ferrous metal recycling and secondary aluminium manufacturing companies.
The company manufactures recycled aluminium alloys in both ingot and liquid form, zinc alloy ingots, aluminium billets and segregated furnace-ready scrap products including stainless steel, copper, brass, zinc, lead and magnesium scrap.
CMR Green Technologies primarily caters to automotive OEMs and Tier-1 component manufacturers. The company supplies products to leading customers such as Honda Cars India, Bajaj Auto, Hero MotoCorp, Royal Enfield, Maruti Suzuki, Endurance Technologies and Jindal Stainless.
The company operates in the rapidly growing metal recycling and sustainability sector, which is increasingly becoming critical for decarbonization and circular economy initiatives within the aluminium industry.
Competitive Strengths
| Key Strengths |
| Leading aluminium recycling player in India |
| Strong positioning in secondary aluminium market |
| Large and diversified supplier network |
| Long-standing OEM customer relationships |
| Strategic joint venture partnerships |
| Advanced engineering and quality capabilities |
| Strong decarbonization and ESG opportunity |
IPO Objects
| Sr. No. | Objects of the Issue |
| 1 | Offer for Sale by Existing Shareholders |
| 2 | Achieve Benefits of Listing on Stock Exchanges |
| 3 | Enhance Brand Visibility and Liquidity |
Company Address
| Particulars | Details |
| Registered Office | 7th Floor, Tower 2, L & T Business Park, 12/4 Delhi Mathura Road, Faridabad, Haryana – 121003 |
| Phone | +91 129 4223050 |
| complianceofficer@cmr.co.in |
Lead Manager & Registrar
| Particulars | Details |
| Lead Manager | Equirus Capital Pvt. Ltd. |
| Co-Lead Manager | ICICI Securities Ltd. |
| Co-Lead Manager | Motilal Oswal Investment Advisors Ltd. |
| Registrar | Kfin Technologies Ltd. |
Financials
| Particulars (Rs. Crore) | 9M FY2026 | FY2025 | FY2024 | FY2023 |
| Total Assets | 3650.58 | 2815.86 | 2194.41 | 3351.66 |
| Total Income | 6291.00 | 6696.66 | 5968.44 | 5889.00 |
| Profit After Tax | 162.39 | 155.04 | -838.56 | 104.51 |
| EBITDA | 316.62 | 328.62 | -705.98 | 229.26 |
| Net Worth | 594.18 | 458.38 | 317.54 | 1195.19 |
| Reserves & Surplus | 1464.64 | 1328.84 | 1187.99 | 2064.76 |
| Total Borrowings | 1303.22 | 894.03 | 498.65 | 368.19 |
Valuation
Key Performance Indicators (KPI)
| KPI | Dec 2025 | FY2025 |
| ROE | 0.10% | 0.11% |
| ROCE | 9.30% | 11.04% |
| Debt/Equity | 0.76 | 0.59 |
| RoNW | 24.92% | 31.08% |
| PAT Margin | 2.59% | 2.32% |
| EBITDA Margin | 5.17% | 4.56% |
EPS & Valuation
| Particulars | Pre IPO | Post IPO |
| EPS (Rs.) | 7.08 | 9.88 |
| P/E (x) | Updating Soon | Updating Soon |
Shareholding Pattern
| Particulars | Pre Issue | Post Issue |
| Promoter Holding | 83.10% | Updating Soon |
Chanakya View
Investment Summary
| Parameter | Observation |
| Business Segment | Metal Recycling & Secondary Aluminium |
| Industry Outlook | Strong Long-Term Potential |
| Revenue Growth | Stable |
| Profitability | Recovering |
| OEM Presence | Strong |
| Customer Base | Diversified |
| ESG Opportunity | Strong |
| Valuation | Awaited |
| Listing Liquidity | Strong Mainboard Presence |
Positives
| Strengths |
| Leading player in aluminium recycling industry |
| Strong relationships with major automotive OEMs |
| Beneficiary of ESG and decarbonization trend |
| Diversified product portfolio |
| Strong supplier ecosystem |
| Established manufacturing infrastructure |
Concerns
| Risks |
| Entire IPO is OFS with no fresh issue |
| High dependence on automotive sector |
| Volatile metal prices may impact margins |
| Relatively high debt levels |
| Cyclical industry exposure |
CMR Green Technologies operates in one of the strategically important sectors linked to recycling, sustainability and decarbonization of the aluminium industry.
The company enjoys strong positioning in recycled aluminium and alloy manufacturing with long-standing relationships with major automotive OEMs and Tier-1 manufacturers.
Financially, the company has demonstrated recovery in profitability after FY2024 weakness, while revenue scale and manufacturing capabilities remain strong.
The growing global focus on circular economy, sustainable metals and recycling may continue supporting long-term industry growth for organised recycling players.
However, investors should note that the IPO is entirely an offer for sale and the company will not receive fresh capital from the issue. In addition, debt levels remain elevated and the business remains exposed to commodity and automotive sector cycles.
Considering the company’s leadership position, strong OEM relationships and long-term ESG-linked opportunity, the IPO may attract long-term investor interest subject to reasonable valuation.
FAQs
What is CMR Green Technologies IPO GMP today?
CMR Green Technologies IPO GMP today is currently updating in the grey market. Investors should track live GMP trends closer to listing for better market sentiment indication.
What is the CMR Green Technologies IPO price band?
CMR Green Technologies IPO price band is yet to be officially announced.
What is the CMR Green Technologies IPO lot size?
CMR Green Technologies IPO lot size details are yet to be announced by the company.
When will CMR Green Technologies IPO list?
CMR Green Technologies IPO is expected to list on NSE and BSE on 10 June 2026.