CMR Green Technologies Limited
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CMR Green Technologies Limited's has transitioned to a publicly listed entity following its IPO debut on Jun 10, 2026 at the NSE, BSE exchange. The public offering successfully raised 3,28,58,323 Shares, consisting of TBDin new capital and ₹630.62 Cr in existing shareholder sales.
The IPO featured a competitive price range of ₹182 to ₹192 and minimum application size of 78 shares. Market reception was evidenced through subscription activity between Jun 03, 2026 and Jun 05, 2026, reflecting investor appetite for the offering.
Allotment of shares was completed on Jun 08, 2026, distributing equity to successful applicants. The listing marked the beginning of the company's journey as a publicly traded corporation, subject to market dynamics and regulatory oversight.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 2006, CMR Green Technologies Limited is a non-ferrous metal recycling company operating in the secondary aluminium market, with a focus on aluminium and zinc die-casting alloys. The company manufactures recycled aluminium alloys in ingot and liquid form, zinc alloy ingots, aluminium billets, and furnace-ready scrap of metals such as copper, brass, zinc, lead, magnesium and stainless steel, serving both automotive and non-automotive industries. Its customers include leading OEMs and Tier-1 automotive component manufacturers like Honda Cars India, Bajaj Auto, Hero MotoCorp, Royal Enfield, Maruti Suzuki, Endurance Technologies and Jindal Stainless. As of June 30, 2025, the company employed 760 permanent staff along with 3,796 contractual workers.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Strong Presence in Metal Recycling Business: Focuses on recycling and manufacturing non-ferrous metal products, benefiting from growing sustainability trends.
- Diverse Industry Exposure: Supplies recycled metal products to automotive, electrical, and industrial sectors, reducing dependency on a single segment.
- Growing Demand for Sustainable Materials: Increasing preference for recycled and environmentally friendly materials supports long-term growth opportunities.
- Raw Material Price Volatility: Fluctuations in scrap and metal prices can directly impact margins and profitability.
- Working Capital Intensive: Requires continuous investment in raw material procurement, inventory, and operations.
- Dependence on Industrial Demand: Business performance is closely linked to manufacturing and automotive sector cycles.
- Mohan Agarwal
- Pratibha Agarwal
- Akshay Agarwal
- Raghav Agarwal
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