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HomeIPOCMR Green Technologies

About CMR Green Technologies

Incorporated in the year 2006, CMR Green Technologies Limited is non-ferrous metal recycler and secondary aluminium market; the company deals in aluminium and zinc die-casting alloys.The company specializes in the manufacture of recycled aluminium alloys in both ingot and melt form, zinc alloy ingots, and segregated furnace ready scrap materials including stainless steel, copper, brass, zinc, lead, and magnesium, among others. The firm also makes aluminum billets for the non-automotive market as well as for the automobile market.It caters to large OEMs and Tier I Automobile Component Manufacturers in the Indian Automotive Industry, including some of the big names such as Honda Cars India, Bajaj Auto, Hero MotoCorp, Royal Enfield, Endurance Technologies, Maruti Suzuki, and Jindal Products: Aluminum ingots Liquid Metal Aluminum Billets Copper scrap Brass Scrap As on Dec 31, 2025, they have 784 permanent employees along with 3,956 contractual workmen.

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National Stock Exchange of India

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Open  Close17th Sep 2026 - 21st Sep 2026
Issue Size22561.57 Cr
Min. Qty8 Shares
Issue Price₹ 1700.00
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Issue Size22.98 Cr
Min. Qty2000 Shares
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National Stock Exchange of India

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17th Sep 2026 - 21st Sep 202622561.57 Cr8 Shares₹ 1700.00
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Antala Industries

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29th Oct 2026 - 5th Nov 202622.98 Cr2000 Shares₹ 62.00
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CMR Green Technologies

CMR Green Technologies

Open Date

Jun 3, 2026

Close Date

Jun 5, 2026

listed

Min Investment

₹14,976

Lot Size

78 Shares

Issue Size

₹630.88 Cr

Price Range

₹182 - ₹182

Listing Date

Jun 10, 2026

IPO Doc

RHP PDF

Revenue Growth

Company Valuation

Earning Expansion

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily.

₹66(+34.64%)GMP
34.38%Prediction Listing Gain

Grey Market Premium (GMP) Trend

CMR Green Technologies IPO - Issue Objectives

The IPO is a complete offer-for-sale (OFS). Net IPO proceeds will go to selling shareholders. The company want to achieve the benefits of listing its shares on the stock exchanges.

1

Carry out the offer for sale

The IPO is a complete offer-for-sale (OFS). Net IPO proceeds will go to selling shareholders.

2

Listing on stock exchanges

The company want to achieve the benefits of listing its shares on the stock exchanges.

IPO Subscription Status

QIB
270.46x
NII
172.35x
Individual
27.03x
Total
127.04x

Times subscribed by category (bars capped at 10x for readability). Dashed line marks 1.0x (fully subscribed).

Financials of CMR Green Technologies

In Cr.

Key Performance Indicator31-Mar-25 (In Cr.)31-Mar-24 (In Cr.)31-Mar-23 (In Cr.)
Revenue6696.665968.445889.90
EBITDA303.72217.40207.01
Expenses
Profit After Tax155.04-838.56104.51
Assets2815.862194.413351.66
Net Worth458.38317.541195.19
Reserves1328.841187.992064.76
Borrowing894.03498.65368.19

CMR Green Technologies - Promoter(s)

Mohan Agarwal

Pratibha Agarwal

Akshay Agarwal

Raghav Agarwal

Pre Issue Share Holding

N/A

Post Issue Share Holding

N/A

About Strength & Risks

Why this IPO looks interesting

Key positives investors may want to consider before applying.

01

Market leadership and economies of scale

The company is the biggest player in the recycling business with 42 to 45% of market share and has a capacity of 615,150 MTPA, four times greater than that of its closest rival, giving it a commanding position to control the rapidly growing recycled aluminium business.

02

Liquidity of aluminium business model

Its business model has a sticky nature because of the stringent delivery requirements, ensuring long-term customer lock-in, a 6 to 7% cost advantage to clients, growing adoption rates, and robust carbon credit creation.

03

Superior global sourcing capabilities

CMR has established a diversified portfolio of international suppliers spread across 73 nations with highly advanced processing technologies for the scrap, besides rapidly expanding local sourcing efforts.

What investors should watch closely

Risk factors and possible pressure points around the offer.

01

Customer concentration risk

The top five clients accounted for 32.53% of revenue, while the Odisha facility’s revenues were solely generated from Hindalco Industries, making the company vulnerable to customer concentration risk.

02

Negative cash flow & high debt

The operating cash flow witnessed a steep fall from ₹610.90 crore to a negative ₹387.70 crore in 9MFY26. At the same time, borrowings increased by 254% to ₹1,303.22 crore due to working capital problems.

03

Contact Details

CMR Green Technologies

7th Floor, Tower 2, L & T Business Park, 12/4 Delhi, Mathura Road, Faridabad, Haryana, 121003

+911294223050
complianceofficer@cmr.co.in
http://www.cmr.co.in/

Registrar Contact Details

Kfin Technologies Ltd.

04067162222
cmr.ipo@kfintech.com
https://ipostatus.kfintech.com/

CMR Green Technologies IPO - FAQs

CMR Green Technologies IPO is a Mainboard IPO. The issue is priced at 182-₹192. The minimum order quantity is 78 Shares. The IPO opens on 3 Jun, and closes on 5 Jun. Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

IPO Timeline

  • Pre Apply2026-06-01
  • Bidding Starts2026-06-03
  • Bidding Ends2026-06-05
  • Allotment Finalisation2026-06-08
  • Release of Funds2026-06-09
  • Demat Transfer2026-06-09
  • Listing2026-06-10
04

High customer retention rates

The firm earns 96.23% recurring revenue from the well-known auto brands such as Maruti Suzuki, Honda Cars, and Bajaj Auto through a combination of strong client relationships lasting nearly two decades and lower client concentration risk.

05

High sustainability and decarbonisation strategy

Recycling aluminium leads to CO₂ savings of ~92% compared to primary aluminium, making it highly beneficial for the company to capitalise on the strong trend of ESG and decarbonisation globally.

Product and industry concentration

Almost 81.85% of the revenue was accounted for by the sales of aluminium alloys, whereas around 79% of the sales were made to the OEMs and Tier-1 companies in the auto industry.

04

Laws and regulations

There were multiple instances wherein the company faced problems pertaining to FEMA, excise duty, GST, insolvency and multiple other taxes, with the company facing the possibility of being held liable to nearly ₹85.09 crore.

05

Importing raw materials

Around 50% of the total amount of raw materials was imported primarily from the US, and hence the company was vulnerable to foreign exchange risk as well as the volatility in scrap prices.