CMR Green Technologies IPO 3 June 2026 ko khulega aur 5 June ko band hoga. Price band ₹182–₹192, lot size 78 shares, minimum investment ₹14,976. ₹630.88 crore ka yeh Mainboard OFS issue NSE aur BSE dono par list hoga 10 June 2026 ko. GMP ₹24 (12.5% upside). India ka leading aluminium recycler — apply karna chahiye ya nahi, poora analysis padhein.
CMR Green Technologies IPO — Quick Summary
DetailInfo IPO Open DateJune 3, 2026 IPO Close DateJune 5, 2026 Price Band₹182 – ₹192 per share Lot Size78 Shares Minimum Investment₹14,976 (Retail) Issue Size₹630.88 Crore (Pure OFS) Issue TypeOffer for Sale (OFS) — Book Built ExchangeNSE & BSE (Mainboard) Listing DateJune 10, 2026 Allotment DateJune 8, 2026 RegistrarKFin Technologies Ltd Lead ManagersEquirus Capital, ICICI Securities, Motilal Oswal GMP (Grey Market Premium)₹24 (+12.5% upside) Face Value₹2 per share Company Overview — CMR Green Technologies kya karta hai?
CMR Green Technologies Limited India ka ek leading non-ferrous metal recycling company hai. 2006 mein incorporate hua yeh company recycled aluminium alloys, zinc alloys, aluminium billets aur value-added metal scrap products manufacture karta hai. Primary customers automotive OEMs aur Tier-1 component manufacturers hain.
- India ke secondary aluminium market mein sabse zyada market share (revenue ke hisab se FY2025)
- Major clients: Honda Cars India, Bajaj Auto, Hero MotoCorp, Royal Enfield, Maruti Suzuki, Endurance Technologies, Jindal Stainless
- December 2025 tak 784 permanent employees aur 3,956 contractual workmen
- Mumbai ke Bandra Kurla Complex mein headquartered
IPO Details — Kya kharid rahe hain aap?
Yeh IPO entirely ek Offer for Sale (OFS) hai — matlab company ko koi proceeds nahi milenge. Existing promoters aur shareholders 3,28,58,323 equity shares bech rahe hain. Company ke liye fresh capital nahi aayega isse.
Quota breakdown:
- QIB (Qualified Institutional Buyers): 50%
- Retail Individual Investors: 35%
- Non-Institutional Investors (HNI): 15%
- Employees ke liye ₹25 crore reserved — ₹18 per share discount ke saath
Financials — Company kitna kama raha hai?
MetricFY2025 (March)9M FY2026 (Dec 2025) Revenue₹6,696.66 Crore₹6,291 Crore Net Profit (PAT)₹155.04 Crore₹162.39 Crore EBITDA₹303.72 Crore— Market Cap (at IPO price)₹4,205 Crore Note: FY2024 mein company ne loss report kiya tha (₹838.56 Crore) — lekin woh exceptional items ke adjustment ki wajah se tha. FY2025 mein strong recovery dikha hai.
Valuation — Price sahi hai kya?
₹192 ke upper price band par company ₹4,205 crore market cap command kar raha hai. Revenue ₹6,696 crore se zyada hai — matlab Price-to-Sales ratio kaafi kam hai. Analysts ka kehna hai ki issue "fully priced" hai current valuations par, lekin medium-to-long term ke liye strong business fundamentals hain.
Key Strengths
- India ke non-ferrous metal recycling industry mein leading player — largest installed capacity
- Major automotive OEMs ke saath long-standing relationships
- Aluminium recycling ek sustainability-driven business hai — EV aur green manufacturing ka future
- Diversified product portfolio: aluminium alloys, zinc alloys, billets, metal scrap
- Strong aur diversified supplier base
- Experienced management team
Key Risks
- Pure OFS — company ko koi paise nahi milenge; promoters exit kar rahe hain
- December 2025 tak total borrowings ₹1,303 crore — debt level high hai
- Outstanding litigation against company, directors aur promoters
- Revenue concentration: automotive industry par heavily dependent
- Raw material (scrap metal) prices volatile hote hain
GMP Analysis — Grey Market kya keh raha hai?
CMR Green Technologies IPO ka GMP (Grey Market Premium) ₹24 per share chal raha hai, jo ₹192 ke issue price se 12.5% upside suggest karta hai. Iska matlab expected listing price ₹216 ke aas paas ho sakta hai. GMP ek informal indicator hai — guaranteed nahi hota, lekin market sentiment dikhata hai.
Lot Size Calculator
CategoryLotsSharesAmount Retail (Minimum)178₹14,976 Retail (Maximum)131,014₹1,94,688 sHNI (Minimum)141,092₹2,09,664 bHNI (Minimum)675,226₹10,03,392 Apply Karna Chahiye Ya Nahi?
CMR Green Technologies India ke aluminium recycling sector mein dominant player hai. Company ka business fundamentally strong hai — circular economy aur EV sector ke growth ke saath yeh industry aage hi badhegi. FY2025 mein strong profit recovery bhi dikhi hai FY2024 ke loss ke baad.
Haalaaniki, kuch concerns hain: yeh pure OFS hai (promoters exit kar rahe hain), debt level high hai, aur issue fully priced lagta hai short term ke liye.
Verdict: Long-term investors ke liye apply karna reasonable hai. Short-term listing gain ke liye GMP 12.5% modest upside indicate karta hai — conservative investors wait-and-watch approach rakh sakte hain.
Important Dates
EventDate Anchor Investor BiddingJune 2, 2026 IPO OpenJune 3, 2026 IPO CloseJune 5, 2026 AllotmentJune 8, 2026 Refund InitiationJune 9, 2026 Demat CreditJune 9, 2026 Listing on NSE & BSEJune 10, 2026