CMR Green Technologies IPO
Miscellaneous • ₹630.88 Cr
High risk because:
- Loss-making or weak profitability noted in DRHP
- 5 material risk factors disclosed in DRHP
- High customer concentration flagged in the DRHP
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹192
Lot Size
78 shares
Issue Size
₹630.88 Cr
Open
03 Jun 2026
Close
05 Jun 2026
Subscription
28.9×
IPO Schedule
| Issue Open Date | 03 Jun 2026 |
| Issue Close Date | 05 Jun 2026 |
| Listing Date | 09 Jun 2026 |
About CMR Green Technologies
CMR Green Technologies Limited is involved in the recycling of non-ferrous metals and the manufacturing of recycled aluminium alloys and other metal products. The company manufactures recycled aluminium alloys in ingot and liquid form, aluminium billets, zinc alloy ingots, and segregated furnace-ready scrap of stainless steel, copper, brass, zinc, lead, and magnesium. Its products are supplied primarily to automotive original equipment manufacturers (OEMs), Tier 1 automotive suppliers, and other industrial customers. The company also supplies liquid aluminium and processes used beverage can scrap for recycling purposes. CMR Green Technologies operates 13 recycling facilities across India, located in Haryana, Gujarat, Maharashtra, Tamil Nadu, Uttarakhand, Rajasthan, Odisha, and Andhra Pradesh. As of March 31, 2026, the company had a combined production capacity of 615,150 MTPA across its recycling facilities. Use of proceeds (Objects of the offer): The IPO is an offer-for-sale (OFS). The company will not receive any proceeds from the offer. Net proceeds from the offer will go to the promoter selling shareholders in proportion to the number of shares offered by them for sale. The primary objective of the offer is to achieve the benefits of listing the equity shares on the stock exchanges, which is expected to enhance the company’s visibility and brand recognition. Listing will also provide liquidity to the existing shareholders and create a public market for the company’s shares.
Company Details
Founders / Promoters
Mr Mohan Agarwal
Founded
2005
Registrar
KARVY
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Investment Analysis
CMR Green Technologies — IPOFins Verdict
QuantitativeDriven by QIB demand at 9.9x and elevated disclosed risk (7/10), CMR Green Technologies listed at a premium of 39.6% to its issue price. The signals lean constructive — still confirm valuation against listed peers and read the DRHP before applying beyond one lot.
- CMR Green Technologies claims to be one of the leading non-ferrous metal recyclers in India in terms of installed capacity as of March 31, 2025. According to the ICRA report, the company had an instal
- The company claims to have a network of 13 recycling facilities across states such as Haryana, Gujarat, Maharashtra, Tamil Nadu, Rajasthan, Uttarakhand, Odisha, and Andhra Pradesh. As of March 31, 202
- The company claims to be a key supplier of liquid aluminium alloy in India and has been supplying liquid aluminium since 2008. It has manufacturing facilities located close to customer premises and cl
- CMR Green Technologies claims to have a diversified raw material sourcing network with around 198 global suppliers across 73 countries during FY25. The company sourced scrap from regions including the
- The company has joint ventures with Japanese companies such as Toyota Tsusho Corporation, Nikkei MC Aluminium, and Nippon Light Metal. Through these partnerships, the company claims to have gained acc
Score breakdown — what drove this verdict
High risk from DRHP → score -0.8
Institutional subscription → score +1.0
Strong retail interest → score +0.5
Actual listing outcome → score +1.5
Base score: 5.0 · Final score = base + all factor adjustments, capped 1–10. Full methodology →
IPOFins Score is a quantitative signal from subscription demand, disclosed risk, and listing data — not investment advice. Not SEBI-registered.
Listing Performance
Issue Price
₹192
Listing Price
₹268
Listing Gain/Loss
+39.58%
Listing Date
09 Jun 2026
Price Since Listing
Returns are measured against the ₹192 issue price.
Listing
₹268
+39.6%
1 Week
₹233.8
+21.8%
1 Month
₹224.65
+17.0%
Current
₹215.4
+12.2%
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FAQ
What is the price band of CMR Green Technologies IPO?
The price band is ₹192 per share with a lot size of 78 shares. Minimum investment: ₹14,976.
What does CMR Green Technologies do?
CMR Green Technologies Limited is involved in the recycling of non-ferrous metals and the manufacturing of recycled aluminium alloys and other metal products. The company manufactures recycled aluminium alloys in ingot and liquid form, aluminium billets, zinc alloy ingots, and segregated furnace-ready scrap of stainless steel, copper, brass, zinc, lead, and magnesium. Its products are supplied primarily to automotive original equipment manufacturers (OEMs), Tier 1 automotive suppliers, and other industrial customers. The company also supplies liquid aluminium and processes used beverage can scrap for recycling purposes. CMR Green Technologies operates 13 recycling facilities across India, located in Haryana, Gujarat, Maharashtra, Tamil Nadu, Uttarakhand, Rajasthan, Odisha, and Andhra Pradesh. As of March 31, 2026, the company had a combined production capacity of 615,150 MTPA across its recycling facilities. Use of proceeds (Objects of the offer): The IPO is an offer-for-sale (OFS). The company will not receive any proceeds from the offer. Net proceeds from the offer will go to the promoter selling shareholders in proportion to the number of shares offered by them for sale. The primary objective of the offer is to achieve the benefits of listing the equity shares on the stock exchanges, which is expected to enhance the company’s visibility and brand recognition. Listing will also provide liquidity to the existing shareholders and create a public market for the company’s shares.
Should I apply for CMR Green Technologies IPO?
CMR Green Technologies listed at ₹268 (+39.6% premium to the ₹192 issue price) after 28.9x subscription. IPOFins Score 7/10: Driven by QIB demand at 9.9x and elevated disclosed risk (7/10), CMR Green Technologies listed at a premium of 39.6% to its issue price. The signals lean constructive — still confirm valuation against listed peers and read the DRHP before applying beyond one lot.
Who founded CMR Green Technologies?
CMR Green Technologies was founded by Mr Mohan Agarwal in 2005.