CMR GREEN TECHNOLOGIES LTD IPO: Company Review, Subscription and Allotment Updates
2026-06-03 — Company overview and issue details CMR GREEN TECHNOLOGIES LTD IPO (ABOUT THE COMPANY) CMR GREEN TECHNOLOGIES LTD – COMPANY BACKGROUND CMR Green Technologies Ltd is a 20-year-old company that is into the business of…
2026-06-03 — Company overview and issue details
CMR GREEN TECHNOLOGIES LTD IPO (ABOUT THE COMPANY)
CMR GREEN TECHNOLOGIES LTD – COMPANY BACKGROUND
CMR Green Technologies Ltd is a 20-year-old company that is into the business of non-ferrous metals recycling; with specialization in aluminium and zinc die-casting alloys. Among its key products are recycled aluminium alloys in liquid and ingot form, zinc alloy ingots, and furnace-ready scrap of stainless steel, copper, brass etc. It is also into the manufacture of aluminium billets which are key inputs for the automotive and the industrial sector. Its OEM (original equipment manufacturer) client list includes leading automobile companies like Honda Motors, Bajaj Auto, Hero Moto, Royal Enfield, Maruti Suzuki, Jindal group etc.
CMR Green Technologies Ltd has been promoted by Mohan Agarwal, Pratibha Agarwal, Akshay Agarwal, and Raghav Agarwal. The IPO is entirely an offer for sale (OFS) of shares, with no fresh issue component. The OFS is more to give exit to key promoter shareholders and to list the stock on the bourses. The issue is being lead-managed by Equirus Capital, ICICI Securities, and Motilal Oswal Investment Banking; while KFIN Technologies Ltd (KFINTECH) are the registrars to the IPO.
HIGHLIGHTS OF THE IPO ISSUE OF CMR GREEN TECHNOLOGIES LTD
Here are the key highlights of the public issue of CMR Green Technologies Ltd.
The IPO is open from June 03rd, 2026 to June 05th, 2026. It has a face value of ₹2 per share and the IPO price band has been fixed in the range of ₹182 to ₹192 per share.
The IPO of CMR Green Technologies Ltd will entirely be an offer for sale (OFS) of shares by the promoter group and non-promoters; with no fresh issue component.
The OFS portion comprises the sale of 3,28,58,323 shares (328.58 lakh shares), which at the upper price band of ₹192 per share translates into an OFS size of ₹630.88 crore.
As there is no fresh issue component, the overall IPO will comprise of the OFS portion 3,28,58,323 shares (328.58 lakh shares), which at the upper price band of ₹192 per share translates into overall issue size of ₹630.88 crore.
While overall shares outstanding will remain the same; the promoter holding in the company will come down due to the dilutive impact of the OFS sale from 86.95% to 84.00% of the total shares outstanding.
The IPO of CMR Green Technologies Ltd will be listed on the NSE and the BSE on the IPO mainboard. Anchor allocation happened on June 02, 2026.
KEY DATES, INVESTOR ALLOCATION, AND LOT SIZES
Here are the key dates pertaining to the IPO of CMR Green Technologies Ltd
| Event | Tentative Date |
|---|---|
| IPO Open Date | Wednesday, 3 June, 2026 |
| IPO Close Date | Friday, 5 June, 2026 |
| Basis of Allotment | Monday, 8 June, 2026 |
| Initiation of Refunds to non-allottees | Tuesday, 9 June, 2026 |
| Credit of Shares to Demat | Tuesday, 9 June, 2026 |
| Listing Date on NSE and BSE | Wednesday, 10 June, 2026 |
Data Source: Company RHP
Investors can apply either through their existing trading account or the ASBA application can be directly logged through the internet banking account. This can only be done through the authorized list of self-certified syndicate banks (SCSB).
The table below captures the gist of the allocation to various categories.
| Investor Category | Share Allocation | % Share |
|---|---|---|
| Reservation for Employees | 1,43,678 shares | 0.44% of total IPO size |
| Anchor Allocation | 98,14,393 shares | 29.87% of total IPO size |
| QIB Shares Offered | 65,42,929 shares | 19.91% of total IPO size |
| NII (HNI) Shares Offered | 49,07,197 shares | 14.93% of total IPO size |
| Retail Shares Offered | 1,14,50,126 shares | 34.85% of total IPO size |
| Total Shares Offered | 3,28,58,323 shares | 100.00% of Total IPO size |
Data Source: Security Parameters Filing (NSE)
The anchor portion, is carved out of the QIB portion and the QIB portion available in the IPO offer has been reduced proportionately. Please note that the above shares are final and may differ marginally from the original announcement.
Here is a quick look at the lot sizes applicable for the IPO of CMR Green Technologies Ltd for various categories of investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 78 | ₹ 14,976 |
| Retail (Max) | 13 | 1,014 | ₹ 1,94,688 |
| S-HNI (Min) | 14 | 1,092 | ₹ 2,09,664 |
| S-HNI (Max) | 66 | 5,148 | ₹ 9,88,416 |
| B-HNI (Min) | 67 | 5,226 | ₹ 10,03,392 |
It may be noted here that for the B-HNI category and for the QIB (qualified institutional buyer) category, there are no upper limits applicable. (1 Lot = 78 shares)
FINANCIAL HIGHLIGHTS OF CMR GREEN TECHNOLOGIES LTD
The table captures the key financials of CMR Green Technologies Ltd for last 3 financial years. For FY26, the company has only filed data for the first 9 months.
| Particulars | FY25 | FY24 | FY23 |
|---|---|---|---|
| Net Revenues (₹ in crore) | 6,666.49 | 5,952.44 | 5,868.51 |
| Sales Growth (%) | 12.00% | 1.43% | |
| Profit after Tax (₹ in crore) | 142.46 | -844.33 | 97.66 |
| PAT Margins (%) | 2.14% | -14.18% | 1.66% |
| Total Equity (₹ in crore) | 1,372.65 | 1,231.80 | 2,109.01 |
| Total Assets (₹ in crore) | 2,815.86 | 2,194.41 | 3,351.66 |
| Return on Equity (%) | 10.38% | -68.54% | 4.63% |
| Return on Assets (%) | 5.06% | -38.48% | 2.91% |
| Asset Turnover Ratio (X) | 2.37 | 2.71 | 1.75 |
| Earnings per share (₹) | 6.50 | -38.32 | 4.41 |
| EBITDA (₹ in Crore) | 303.72 | 217.40 | 207.01 |
| EBITDA Margins (%) | 4.56% | 3.65% | 3.53% |
Data Source: Company RHP filed with SEBI (FY refers to Apr-Mar period)
The company has shown a steady trend in revenues but profits have been fairly volatile as measured by the sharp dip into losses in FY24. However, that has to be taken with a pinch of salt as the loss was caused by a substantial goodwill write-off. This has resulted in an improvement in the ROA of the company, as well as the asset turnover ratio.
For FY24, the company wrote off ₹1,239.63 crore of goodwill from the books and also extinguished it from the balance sheet, leading to reduction in the overall asset size. If the goodwill write-off is excluded, then the company has been consistently profit making for the last 3 years. EBITDA margins tend to be low in the recycling business.
VALUATION METRICS OF CMR GREEN TECHNOLOGIES LTD IPO
At the IPO price of ₹192 per share, the indicative P/E comes to about 29.5X at the FY25 full-year EPS of ₹6.50 per share. However, if the annualized EPS of the 9 months of FY26 is considered, then the P/E looks more reasonable at 22.5X. A lot will depend on how the company builds earnings traction on a consistent basis in the recycling business.
The company also has other positives like a strong OEM customer base in the auto industry, a leadership position in aluminium recycling, and a diversified base to source supplies. The recycling industry has huge potential in India and existing listed companies have shown good price performance. Investors can look at this company from a long-term perspective.
2026-06-03 — Anchor allocation
CMR GREEN TECHNOLOGIES LTD IPO (ANCHOR ALLOCATION 29.87%)
BRIEF ON ANCHOR ALLOCATION OF CMR GREEN TECHNOLOGIES LTD
The anchor issue of CMR Green Technologies Ltd saw a strong response on 02nd June 2026 with 29.87% of the IPO size absorbed by anchors. Out of 3,28,58,323 shares (328.58 lakh shares) on offer in the IPO, anchors picked up 98,14,393 shares (98.14 lakh shares) accounting for 29.87% of the total IPO size. The entire anchor allocation was made at the upper end of the price band of ₹192 per share. This includes the face value of ₹2 per share plus a share premium of ₹190 per share. The anchor bidding opened and closed on 02nd June 2026.
KEY POINTS TO NOTE IN THE ANCHOR ALLOCATION PROCESS
Here are the key details pertaining to the anchor bidding of CMR Green Technologies Ltd
| Bid Date | June 02, 2026 |
|---|---|
| Shares Offered | 98,14,393 shares |
| Anchor Portion Size (₹ in crore) | ₹188.44 crore |
| Anchor lock-in period end date for 50% shares (30 Days) | Jul 30, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sep 28, 2026 |
An anchor investor in an IPO is a qualified institutional buyer (QIB) like a foreign portfolio investor or mutual fund or insurance company or a sovereign fund which invests before the IPO is made available to the public as per SEBI regulations. It helps in price discovery.
MAJOR ANCHOR ALLOCATION INVESTORS IN CMR GREEN TECHNOLOGIES LTD
On 02nd June 2026, CMR Green Technologies Ltd allotted 98,14,393 shares to 18 anchor investors. The allocation was done at the upper IPO price band of ₹192 per share which resulted in overall anchor allocation of ₹188.44 crore. The anchors have already absorbed 29.87% of the total issue size of ₹630.88 crore. Listed below are the Top 10 IPO anchor investors who accounted for anchor collection of ₹150.37 crores, or, 79.80% of the overall anchor allocation of shares, one trading day ahead of the IPO of CMR Green Technologies Ltd. The individual anchor allocation of top-10 investors is captured in the table below.
| Anchor Investors | No. of Shares | % of Anchor Portion | Value Allocated | |
|---|---|---|---|---|
| 01 | SBI COMMA Fund | 10,41,690 | 10.61% | ₹ 20.00 |
| 02 | ICICI Pru Multi-Cap Fund | 10,41,690 | 10.61% | ₹ 20.00 |
| 03 | Nippon India Small Cap Fund | 10,41,690 | 10.61% | ₹ 20.00 |
| 04 | Kotak Special Opportunities Fund | 10,41,690 | 10.61% | ₹ 20.00 |
| 05 | Goldman Sachs India Equity Portfolio | 10,41,690 | 10.61% | ₹ 20.00 |
| 06 | HDFC Children's Fund | 8,41,386 | 8.57% | ₹ 16.15 |
| 07 | 360-One Equity Opportunities Fund | 5,20,884 | 5.31% | ₹ 10.00 |
| 08 | Abakkus Growth Fund | 5,20,884 | 5.31% | ₹ 10.00 |
| 09 | BNP Paribas EMES Fund | 4,01,683 | 4.09% | ₹ 7.71 |
| 10 | Bajaj Life Insurance | 3,38,520 | 3.45% | ₹ 6.50 |
| Grand Total | 78,31,807 | 79.80% | ₹ 150.37 |
Data Source: BSE Filings (Value Allocated is ₹ in Crore)
The detailed and comprehensive report on the anchor allocation with the mutual fund portion separated can be accessed on BSE by clicking on the link below.
Out of the 98,14,393 shares allocated to the anchors in the IPO, there were a total of 61,31,016 shares allocated to mutual funds registered with SEBI. The allocation was made to 10 mutual fund schemes across 7 AMCs. Mutual funds accounted for 62.47% of the total anchor allocation of the IPO.
Let us turn to the Life Insurance Companies registered with IRDA. Out of the 98,14,393 shares allocated to the anchors in the IPO, there were a total of 6,77,040 shares allocated to life insurers registered with IRDA. The allocation was made to 2 life insurance companies accounting for 6.90% of the total anchor allocation of the IPO.
Apart from domestic mutual funds and insurance companies; the anchor allocation also saw buying interest from select foreign portfolio investors (FPIs) and AIFs.
NEXT STEPS IN CMR GREEN TECHNOLOGIES LTD IPO
Post the closure of the IPO subscription on 05th June 2026, the basis of allotment will be finalized on 08th June 2026 and the refunds will be initiated on 09th June 2026. In addition, the demat credits are expected to also happen on 09th June 2026 and the stock will list on 10th June 2026 on the NSE and the BSE. The credits to the demat account to the extent of shares allotted will happen by the close of 09th June 2026 under ISIN (INE00WV01027).
2026-06-05 — Day-3 subscription update
CMR Green Technologies Ltd (Day-3 Final Subscription at 127.04 times)
CMR GREEN TECHNOLOGIES LTD - IPO SUBSCRIPTION STATUS ON DAY-3
As of 7.25 pm on 05th June 2026, out of the 230.44 lakh shares on offer in the IPO (excluding anchor portion), CMR Green Technologies Ltd saw bids for 29,275.45 lakh shares. This implies an overall subscription of 127.05X at a macro level. The granular break-up of subscriptions at close of Day-3 of the IPO of CMR Green Technologies Ltd was as under:
| Employees (18.53X) | QIBs (270.46X) | HNI / NII (172.35X) | Retail (27.03X) |
|---|
The subscriptions were led by the QIB Investors followed by the HNI / NII investors and the Retail investors in that order. QIB bids and NII bids typically gather most of the momentum only on the last day. That was the case in this particular issue also, with most of the traction coming in on the last day of the IPO. The company saw steady anchor participation a day ahead of the IPO opening with 29.87% of the IPO size absorbed by anchor investors. Here is the category-wise subscription. The overall subscription ratio excludes anchor portion.
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (₹ in Crore) |
|---|---|---|---|---|
| Anchor Investors | 1.00 | 98,14,393 | 98,14,393 | 188.44 |
| Employee Quota | 18.53 | 1,43,678 | 26,62,842 | 51.13 |
| QIB Investors | 270.46 | 65,42,929 | 1,76,96,11,272 | 33,976.54 |
| HNIs / NIIs | 172.35 | 49,07,197 | 84,57,31,614 | 16,238.05 |
| Retail Investors | 27.03 | 1,14,50,126 | 30,95,38,866 | 5,943.15 |
| Total | 127.04 | 2,30,43,930 | 2,92,75,44,594 | 56,208.86 |
Data Source: NSE / BSE (as of close of Day-3 of the IPO)
The IPO of CMR Green Technologies Ltd was open up to June 05, 2026, and has closed for subscription as of the close of trading hours on June 05, 2026. The subscription ratios presented in the table above represent the final subscription numbers for each category and also for the IPO overall. Generally, the listing price of the IPO and the post-listing performance tend to get influenced by the extent of oversubscription of the IPO. However, it must also be noted that a higher subscription is not an automatic guarantee of a strong listing performance for the IPO stock. The final subscription ratio excludes anchor portion. Total bids as of the close (including anchor allocation) stood at ₹56,397 crore.
NEXT STEPS IN THE CMR GREEN TECHNOLOGIES LTD IPO
Post the closure of the IPO subscription on 05th June 2026, the basis of allotment will be finalized on 08th June 2026 and the refunds will be initiated on 09th June 2026. In addition, the demat credits are expected to also happen on 09th June 2026 and the stock will list on 10th June 2026 on the NSE and the BSE. The credits to the demat account to the extent of shares allotted will happen by the close of 09th June 2026 under ISIN (INE00WV01027).
2026-06-07 — Allotment guidance and next steps
CMR Green Technologies Ltd (How to check allotment status online)
ABOUT THE CMR GREEN TECHNOLOGIES LTD IPO
The IPO of CMR Green Technologies Ltd opened on June 03rd, 2026 and closed on June 05th, 2026. The IPO comprised entirely of an offer for sale of 3,28,58,323 shares (328.58 lakh shares) worth ₹630.88 crore at the upper band price of ₹192 per share. The allotment status will be finalized by EOD of June 08, 2026. Here is how to check allotment status for the IPO of CMR Green Technologies Ltd. You can check IPO status on BSE or NSE or IPO Registrar website of KFIN Technologies Ltd (KFINTECH).
CHECKING ALLOTMENT STATUS OF CMR GREEN TECHNOLOGIES LTD ON BSE WEBSITE
This is a common link for all mainboard IPOs. Click on BSE link for IPO allotment as below.
https://www.bseindia.com/investors/appli_check.aspx
Once you reach the page, here are the steps to follow.
Under Issue Type – Select Equity Option
Under Issue Name – Select CMR Green Technologies Ltd from the drop-down box
Enter the Application Number / CAF exactly as in the acknowledgement slip
Alternatively, Enter your PAN (10-digit alphanumeric) number
Once this is done, you need to click on the Captcha to verify you are not a robot
Finally click on the Search Button
You can use either of the parameters to query; Application / CAF number or Investor PAN.
The allotment status will be displayed on the screen in front of you informing about the number of shares of CMR Green Technologies Ltd allotted into your demat account. You can save a screenshot of the allotment status output for tallying with the demat account credits.
CHECKING ALLOTMENT STATUS OF CMR GREEN TECHNOLOGIES LTD ON NSE WEBSITE
This is a common link for all IPOs. Click on NSE link for IPO allotment as below.
https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
Once you reach the page, here are the steps to follow.
Under Issue Type – Select Equity & SME IPO Details Option
Under SELECT SYMBOL – Select CMRGREEN from the drop-down box
Enter the Application Number / CAF exactly as in the acknowledgement slip
Enter your PAN (10-digit alphanumeric) number
Once both are entered, click on the Submit Button
You must input the Application / CAF number and the Investor PAN.
The allotment status will be displayed on the screen in front of you informing about the number of shares of CMR Green Technologies Ltd allotted into your demat account. You can save a screenshot of the allotment status output for tallying with the demat account credits.
CHECKING ALLOTMENT STATUS OF CMR Green Technologies Ltd ON KFIN TECHNOLOGIES LTD (REGISTRAR TO THE IPO)
Visit the website of KFIN Technologies Ltd, which has been appointed as the registrar for the issue. You can access their website for IPO status by clicking on the link below:
https://kosmic.kfintech.com/ipostatus/
KFIN Technologies Ltd provides details of IPOs managed by them and where allotment status is finalized. Radio buttons allow you to opt to see all IPOs or just recent IPOs. The latter option reduces the list of IPOs to search. Once you click on Recent IPOs, dropdown shows recent active IPOs, where allotment status is finalized. Select CMR Green Technologies Ltd.
THERE ARE 3 WAYS TO QUERY ALLOTMENT STATUS ON KFIN TECHNOLOGIES LTD
To Query by Application Number, check the appropriate box and follow these steps.
Enter the Application Number as it is
Enter the 6-digit Captcha Code
Click on Submit button
Allotment Status gets displayed on screen
Unlike in the past, now you do not have to select ASBA versus Non-ASBA option.
To Query by Demat Account, check the appropriate box and follow these steps.
First select the depository (NSDL / CDSL)
Enter the DP-ID (Alphanumeric for NSDL and Numeric for CDSL)
Enter the Client-ID in the second box
For NSDL, the Demat account is 2 strings; for CDSL it is just 1 string
Enter the 6-digit Captcha Code
Click on Submit button
Allotment Status gets displayed on screen
To Query by PAN, check the appropriate box and follow these steps.
Enter the 10-Character PAN number, available on your PAN card
After you enter the PAN number, Enter the 6-digit numeric Captcha Code
Click on Submit button
Allotment status gets displayed on screen
If captcha code is not clear; toggle for more options. Retain a screenshot of the allotment status output for future reference. This can be tallied with demat credit post allotment.
NEXT STEPS IN THE CMR GREEN TECHNOLOGIES LTD IPO
Post the closure of the IPO subscription on 05th June 2026, the basis of allotment will be finalized on 08th June 2026 and the refunds will be initiated on 09th June 2026. In addition, the demat credits are expected to also happen on 09th June 2026 and the stock will list on 10th June 2026 on the NSE and the BSE. The credits to the demat account to the extent of shares allotted will happen by the close of 09th June 2026 under ISIN (INE00WV01027).
Interested in applying for this IPO?
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