Faridabad-based CMR Green Technologies is set to launch its initial public offering (IPO) for subscription from Wednesday, June 3, 2026, to Friday, June 5, 2026. The primary offer has garnered significant investor attention, reflected by a substantial increase in its Grey Market Premium (GMP) ahead of the official launch.
IPO Details and Price Band
The company will offer its shares within a price band of Rs 182 to Rs 192 per equity share. Investors will be able to apply for a minimum of 78 equity shares, with subsequent applications in multiples thereof. The anchor book for the issue is scheduled to be announced on Tuesday, June 2, 2026.
Grey Market Premium Soars
Investor demand for CMR Green Technologies has been robust in the unofficial grey market. The company's Grey Market Premium (GMP) has seen a sharp rise, climbing to Rs 42 per share. This represents a 75% increase from its GMP of Rs 18 per share just last week, following the announcement of its price band. The current GMP suggests a potential listing gain of approximately 22% for investors from the upper end of the issue price.
Offer-for-Sale Structure
The CMR Green Technologies IPO is entirely an offer-for-sale (OFS) of up to 3,28,58,323 equity shares, amounting to Rs 631 crore. This means that existing promoters and shareholders are selling their stakes, and the company itself will not receive any proceeds from the issue.
Company Profile and Listing
Established in 2006, CMR Green Technologies operates as a non-ferrous metal recycler and a key player in the secondary aluminium market. The company specializes in producing aluminium and zinc die-casting alloys, including recycled aluminium alloys (in ingot and liquid form), zinc alloy ingots, and segregated furnace-ready scrap of various metals such as stainless steel, copper, brass, zinc, lead, and magnesium.
Equirus Capital, ICICI Securities, and Motilal Oswal Financial Services are serving as the book-running lead managers for the IPO, with Kfin Technologies appointed as the official registrar. Shares of CMR Green Technologies are slated for listing on both the BSE and NSE on Wednesday, June 10, 2026.