CMR Green Technologies Limited has launched its initial public offering (IPO) on June 3, 2026, and the subscription will remain open until June 5, 2026. The company aims to raise approximately ₹1,200 crore through this public issue. The price band has been fixed at ₹315–₹332 per equity share of face value ₹10 each.
IPO Subscription Status
The IPO has received a strong response from investors on the first day of bidding. As of the latest data, the issue has been subscribed 2.5 times overall. The retail category has been subscribed 3.2 times, while qualified institutional buyers (QIBs) have subscribed 1.8 times. Non-institutional investors have shown moderate interest with a subscription of 1.5 times.
GMP (Grey Market Premium)
In the grey market, CMR Green Technologies shares are trading at a premium of ₹85 per share, indicating a strong listing gain potential. The current GMP suggests that the stock may list at around ₹417 per share, a gain of approximately 25.6% over the upper price band.
Listing Date
The shares of CMR Green Technologies are expected to be listed on the BSE and NSE on June 10, 2026, subject to regulatory approvals. The allotment of shares is likely to be finalized on June 6, 2026, and refunds will be initiated on June 7, 2026.
Key Details of the IPO
- IPO Size: ₹1,200 crore (fresh issue of ₹800 crore + OFS of ₹400 crore)
- Price Band: ₹315–₹332 per share
- Lot Size: 45 shares
- Minimum Investment: ₹14,940 for retail investors
- Lead Managers: ICICI Securities, Kotak Mahindra Capital, and SBI Capital Markets
- Registrar: Link Intime India Private Limited
Company Overview
CMR Green Technologies is a leading manufacturer of aluminium and copper products in India. The company operates state-of-the-art manufacturing facilities with a combined capacity of over 2 million tonnes per annum. It caters to various sectors including automotive, infrastructure, and consumer goods. The proceeds from the IPO will be used for capital expenditure, debt repayment, and general corporate purposes.
Investors should consider the company's strong market position, growing demand for non-ferrous metals, and expansion plans before applying for the IPO. Analysts have assigned a 'Subscribe' rating for the long term, given the company's robust financial performance and growth prospects.
