CMR Green Technologies Limited
CMRGREENListedMainboard IPO · NSE, BSE
Price Band
₹182 – ₹192
Lot Size
78 shares
Issue Size
₹631 Cr
GMP (Grey Market Premium)
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CMR Green Technologies Limited is a non-ferrous metal recycling company engaged in processing, manufacturing and selling recycled aluminium alloys in ingot and liquid form, zinc alloy ingots, aluminium billets, dross, and segregated furnace-ready scrap of metals such as stainless steel, copper, brass, zinc, lead and magnesium. The company generates revenue primarily from the sale of these recycled metal products, with a significant presence in the automotive sector, particularly in aluminium cast alloys. It operates a network of recycling and manufacturing facilities across India and supplies products to customers located in major automotive and industrial clusters. The company also recycles used beverage can scrap and converts metal waste into value-added products, supporting circular resource use. According to the RHP, it is among the largest aluminium recyclers by installed capacity and has joint ventures with global partners, which support its manufacturing and recycling operations. Discuss on Trading Q&A
| IPO Open Date | 3 Jun 2026 |
| IPO Close Date | 5 Jun 2026 |
| Basis of Allotment | 8 Jun 2026 |
| Refunds Initiation | 9 Jun 2026 |
| Listing Date | 10 Jun 2026 |
| Face Value | — |
| Fresh Issue | — |
| Offer for Sale | — |
| Minimum Investment (Retail) | ₹14,976 |
| Registrar | — |
| Lead Managers | — |
| Issue open date | 3 Jun 2026 |
| Issue close date | 5 Jun 2026 |
| UPI mandate deadline | 5 Jun 2026 |
| Allotment finalization | 8 Jun 2026 |
| Refund initiation | 9 Jun 2026 |
| Share credit | 9 Jun 2026 |
| Listing date | 10 Jun 2026 |
| Mandate end date | 20 Jun 2026 |
| Lock-in end date for anchor investors (50%) | 7 Jul 2026 |
| Lock-in end date for anchor investors (remaining) | 5 Sept 2026 |
- Leading non-ferrous metal recycler in India by installed capacity, with the highest revenue market share in the secondary aluminium market as of FY2025.
- Strong position in liquid aluminium alloy supply, supported by specialised infrastructure and long operating experience.
- Wide manufacturing footprint across India, serving customers in major automotive and industrial clusters.
- Diverse product portfolio including recycled aluminium alloys, zinc alloys, aluminium billets, dross and recycled metal scrap.
- Strategic joint ventures with global Japanese partners, strengthening its manufacturing and recycling capabilities.
- A significant portion of revenue comes from a limited number of customers, and losing key customers could impact the business.
- The company has limited diversification across products and customers, increasing dependence on certain revenue streams.
- The business is exposed to fluctuations in raw material prices and foreign exchange rates due to imported scrap purchases.
- The company operates in a competitive recycled metals industry, and failure to compete effectively could affect performance.
- The company enters into related-party transactions, and there is no assurance that such transactions are always on the most favourable terms available.