CMR Green Technologies IPO fully booked on Day 1; Retail and NII portions lead demand

CMR Green Technologies IPO: The initial public offering (IPO) of CMR Green Technologies Ltd opened for public subscription on June 3, 2026. At the end of the bidding period on Day 1, investors have made bids for a total of 5.66 crore shares against the net offer, resulting in an overall subscription of 2.46 times.

CMR Green Technologies IPO subscription status

The Qualified Institutional Buyers (QIBs) portion has received bids for 2.11 lakh shares out of the 65.42 lakh shares reserved, resulting in a 0.03 times subscription.

The Non-Institutional Investors (NIIs) category has booked 5.67 times, with bids for 2.78 crore shares against the 49.07 lakh reserved.

Retail Individual Investors (RIIs) have also oversubscribed 2.45 times the allotted shares so far, with 2.80 crore shares bid against the 1.14 crore shares allotted.

CMR Green Technologies IPO details: 7 key things to know

1) IPO size and structure

CMR Green Technologies IPO is a book-built issue worth Rs 630.88 crore. The public issue comprises an offer for sale of 3.29 crore equity shares by existing shareholders. Since the issue is entirely an OFS, the company will not receive any proceeds from the IPO.

2) Promoters and selling shareholders

According to the company's red-herring prospectus (RHP), the promoter and existing shareholders Mohan Agarwal, Gauri Shankar Agarwala HUF, Mohan Agarwal HUF, and Global Scrap Processors Limited are offloading their stakes through the OFS.

3) Price band fixed at Rs 182–Rs 192 per share

The company has fixed the IPO price band at Rs 182 to Rs 192 per equity share. At the upper end of the price band, CMR Green Technologies commands a pre-IPO market capitalisation of around Rs 4,205.87 crore.

4) Subscription and listing timeline

The date of opening for subscription of the IPO would be June 3, 2026, while the closing date would be June 5, 2026. The date for allocation of the shares would be June 8, while the listing of the company’s shares would take place on June 10, 2026, on both NSE and BSE.

5) Lot size and minimum investment

Investors can bid in lot size of 78 shares and in multiples thereof. For retail investors, this translates to a minimum investment of Rs 14,976, at the upper end of the price band.

6) Investor reservation category

The issue has been structured with up to 50 per cent reserved for Qualified Institutional Buyers (QIBs), not less than 35 per cent for retail investors, and at least 15 per cent for Non-Institutional Investors (NIIs).

7) Book-running lead manager and issue registrar details

According to the company's RHP, the book running lead managers for the issue are Equirus Capital, ICICI Securities and Motilal Oswal Investment Advisors, while the registrar of the issue is Kfin Technologies Ltd.

About CMR Green Technologies Ltd

CMR Group is an Indian company that produces aluminum and zinc die casting alloy products. CMR Group has been increasing its production capacity over the years by way of capacity expansion, technology upgradation, and through other strategic business relationships.

The group's operations began in 2006 with the commissioning of its first manufacturing facility in Tatarpur, near New Delhi. The plant was equipped with technologies such as regenerative burners, baghouse systems, pump furnaces, de-coaters, rotary sieves, heavy media separation systems, induction-based sorting systems, colour sorting systems, eddy current separators, gravimetric separation units, shredders, and automated charging systems.

Today, CMR Group operates 13 manufacturing facilities across India, including five plants under three joint ventures with Japanese companies Toyota Tsusho Corporation, Nikkei MC Aluminium, and Nippon Light Metal Company Limited.

The company says it was among the early players to introduce large-scale aluminium recycling in a largely unorganised domestic industry. It has also invested in automated alloying and mechanised sorting facilities equipped with technologies such as spectrometers, shredders, eddy current separators, and gravimetric separation units. In addition, the group supplies molten metal to customers through both adjacent manufacturing facilities and road-based transportation networks.

Apart from its alloy business, the company is also engaged in the production of aluminium billets. Its manufacturing operations are supported by certifications related to quality management, environmental standards, occupational health and safety, and research and development.