CMR Green Technologies IPO

CMR Green Technologies IPO Details

The CMR Green Technologies IPO is a 100% book-built issue of 4.28 crore equity shares, entirely an offer for sale (OFS), with a face value of ₹2 per share. The company filed its DRHP with SEBI on August 29, 2025.

The price band and official dates of subscription and listing will be announced by the company later, but the shares are supposed to be listed on the BSE and the NSE platforms. The book-running lead managers (BRLMs) of the issue are Equirus Capital Ltd., ICICI Securities Ltd. and Motilal Oswal Investment Advisors Ltd., while the registrar to the issue is KFin Technologies Ltd.

CMR Green Technologies IPO Date & Timeline

CMR Green Technologies Ltd. officially filed its Draft Red Herring Prospectus (DRHP) on August 29, 2025. However, the specific CMR Green Technologies IPO date and subscription timeline remain unannounced. Following regulatory approval, the company will finalise the price band and bidding dates. Once cleared, the schedule for anchor allotment, public bidding and the final listing on the exchange will be formally disclosed.

CMR Green Technologies IPO GMP

“Grey Market Premium” or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.

The CMR Green Technologies IPO GMP is currently trading at ₹[.], reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹[.], which is [.]% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.

Company Background

CMR Green Technologies Ltd., incorporated as ‘Grand Metal Industries Private Limited’ in August 2005, has grown into a cornerstone of India’s recycling industry. Headquartered in Faridabad, Haryana, the company transitioned from a private entity to a public limited company in 2020, eventually rebranding to its current name in 2021. Over the last two decades, it has evolved into a sophisticated industrial enterprise that focuses on the circular economy, transforming scrap metal into high-quality industrial raw materials for various sectors.

Operations & Product Range

The core operations of CMR Green Technologies Ltd. include the collection and processing of non-ferrous metal scrap materials, with a focus on aluminium and zinc materials. Through the use of sophisticated melting and refining techniques, the company produces a range of aluminium and zinc alloys that are suitable for the automotive and engineering industries. One of the differences in the company’s operational model is the provision of liquid aluminium alloy products to the market, which enables the company’s customers to save on energy costs by avoiding the remelting process, thus emphasising the company’s 'green' credentials.

Facilities & Capacity

CMR Green Technologies Ltd. strategically locates its manufacturing facilities to serve major industrial centres in India. The company has maintained a capacity advantage over its domestic competitors, with an installed capacity 4 times that of its nearest domestic competitor in recycled aluminium products, as of 31st March 2025. The facilities are equipped with state-of-the-art furnaces, enabling the company to process large quantities of scrap and deliver high-grade alloys to its nationwide customer base.

Brands & Market Presence

CMR Green Technologies Ltd. is the leading non-ferrous metal recycler in India, with the highest market share in the secondary aluminum market for FY25. The company's brand is highly recognised among major automotive OEMs and engineering companies, with whom they have been associated for almost two decades. Despite being an Indian company, it has a global procurement network for sourcing scrap material from various global markets to support its large-scale production.

Revenue Streams & Business Model

The primary revenue stream for CMR Green Technologies Ltd. is the sale of aluminium and zinc alloy ingots and liquid metal. The business model is based on value addition through the "circular economy." The firm is a principal that sources the scrap and delivers the finished product. The firm generated revenue from operations of ₹6,669 crore for Fiscal 2025. The business model is highly efficient, utilising its massive installed capacity to retain its leadership and corner a major share of the demand for recycled non-ferrous metals in the country.

Management & Shareholding

CMR Green Technologies Ltd. is led by experienced promoters, including Chairman Mohan Agarwal, who has significant expertise in metal recycling. Before the IPO, the promoters held a substantial equity stake, but after the IPO, the ownership will be reduced by the existing shareholders, as this issue is a smooth exit opportunity for existing stakeholders.

Board & Key Management

The management of CMR Green Technologies Ltd. is led by Chairman Mohan Agarwal and Managing Director Akshay Agarwal. An independent team of directors oversees the company, ensuring its adherence to the rules and regulations applicable to public listings. CS Srishti Saxena is the Compliance Officer, responsible for the day-to-day operations of the company.