CMR Green Technologies IPO Analysis
CMR Green Technologies IPO under the Mainboard IPO category is a bookbuild issue of Rs. 630.88 Cr by CMR Green Technologies Limited, and is a recycler of non-ferrous metals and the secondary aluminium market, with a focus on die-casting alloys like zinc and aluminium.
The company has approx. 42-45% market share in terms of volume sold for Fiscal 2025 as per the ICRA Report,
The company produces segregated furnace-ready scrap of stainless steel, copper, brass, zinc, lead, and magnesium, as well as recycled aluminium alloys (in liquid and ingot form) and zinc alloy ingots.
Additionally, the company manufactures aluminium billets for the automotive and non-automotive industries.
Major OEMs and Tier-1 automakers, including Honda Cars India, Bajaj Auto, Hero MotoCorp, Royal Enfield, Endurance Technologies, Maruti Suzuki, and Jindal Stainless, are served by the company.
Goods:
- Ingots made of aluminium
- Metal in Liquid Form
- aluminium billets
- Scrap copper and brass
CMR Green Technologies IPO Details
The CMR Green Technologies IPO date of opening is 03 Jun 2026, its initial public offering will end on 05 Jun, IPO allotment on Jun 08 and refund initiation on Jun 09, 2026.
The Rs. 630.88 crore new Mainboard IPO comprises a wholly offer for sale of 3.29 crore shares.
The CMR Green Technologies IPO listing date (expected) might be on Wednesday, Jun 10, 2026, and listing at the BSE and NSE.
The CMR Green Technologies IPO price band is Rs. 182 to Rs. 192.
IPO Timetable (Tentative)
|
Events |
Date |
|
IPO Opening Date |
Jun 03, 2026 |
|
IPO Closing Date |
Jun 05, 2026 |
|
IPO Allotment Date |
Jun 08, 2026 |
|
Refund Initiation |
Jun 09, 2026 |
|
IPO Listing Date |
Jun 10, 2026 |
Industry Overview
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Company Financials
(Amount in Cr)
|
Particulars |
31 Mar 2025 |
31 Mar 2024 |
31 Mar 2023 |
|
Assets |
2,815.86 |
2,194.41 |
3,351.66 |
|
Total Income |
6,696.66 |
5,968.44 |
5,889.00 |
|
Profit After Tax |
155.04 |
-838.56 |
104.51 |
|
EBITDA |
328.62 |
-705.98 |
229.26 |
|
NET Worth |
458.38 |
317.54 |
1,195.19 |
|
Reserves |
1,328.84 |
1,187.99 |
2,064.76 |
|
Total Borrowing |
894.03 |
498.65 |
368.19 |
Cash Flows
(Amount in Mn)
|
Net Cash Flow |
31 Mar 2025 |
31 Mar 2024 |
31 Mar 2023 |
|
Net Cash Flow Operating Activities |
(920.03) |
741.02 |
6,108.95 |
|
Net Cash Flow Investing Activities |
(2,348.33) |
1,337.66 |
(963.40) |
|
Net Cash Flow Financing Activities |
3,256.02 |
307.20 |
(4,843.43) |
Revenue Bifurcation
(Source: RHP)
The Objective of the Issue
The company shall not receive any proceeds from this offer. All offer proceeds shall go to selling shareholders.
Listed Peers of CMR Green Technologies Ltd.
|
Name of Company |
Face Value (₹) |
Basic EPS (₹) |
PE Ratio (x) |
|
Pondy Oxides and Chemicals Limited |
5 |
22.03 |
62.64 |
|
Gravita India Limited |
2 |
45.11 |
37.36 |
|
Baheti Recycling Industries Limited |
10 |
17.37 |
34.59 |
|
Jain Resource Recycling Limited |
2 |
7.11 |
76.20 |
Valuation
|
KPI |
Value |
|
ROE |
0.11% |
|
ROCE |
11.04% |
|
Debt/Equity |
0.59 |
|
RoNW |
31.08% |
|
PAT Margin |
2.32% |
|
EBITDA Margin |
4.56% |
|
Price to Book Value |
9.17 |
Evaluation of P/E Ratio
Considering the period ended on FY 2025 with an EPS of Rs. 6.50 from the last year, the resulting P/E ratio is 29.53x.
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IPO's Strengths
- As a leading recycler in India's domestic aluminium recycling market, with high barriers to entry, it is also seen as a vital facilitator of the aluminium sector's decarbonization requirements.
- Top provider of liquid aluminium alloy.
- Robust and diverse supplier network for sourcing raw materials.
- Enduring connections with our clients.
IPO's Weaknesses
- High dependence on the automotive sector.
- Raw material price volatility and dependence on imports.
- Volume-driven business with thin profit margins.
CMR Green Technologies IPO GMP
CMR Green Technologies IPO GMP today is Rs. 65 as of 06 Jun 2026 while writing this information. A price band set at Rs. 192 suggests that the estimated listing price of the IPO could be around Rs. 256, indicating a gain/loss of 33.33%.
CMR Green Technologies IPO Summary
|
IPO Opening & Closing Date |
03 Jun, 2026 to 05 Jun, 2026 |
|
Face Value |
Rs. 2 per Share |
|
Issue Price |
Rs. 182 to Rs. 192 per Share. |
|
Lot Size |
78 Shares |
|
Issue Size |
3,28,58,323 Shares (Rs. 631 Cr) |
|
Offer for Sale |
3,28,58,323 Shares (Rs. 631 Cr) |
|
Fresh Issue |
- |
|
Listing at |
BSE, NSE |
|
Issue Type |
Bookbuild issue IPO |
|
Registrar |
Kfin Technologies Ltd. |
IPO Lot Details
|
Minimum Lot Investment (Retail) |
1 Lot |
|
Maximum Lot Investment (Retail) |
13 Lots |
|
HNI (Min) |
14 Lots |
CMR Green Technologies IPO Allotment Status
To check the CMR Green Technologies IPO Allotment Status, visit the official Registrar’s website or BSE website. Below are the website links for you.
Using the BSE Website - BSE IPO allotment status
Promoters And Management of CMR Green Technologies Ltd.
- Mohan Agarwal
- Pratibha Agarwal
- Akshay Agarwal
- Raghav Agarwal.
|
Pre-Issue Promoter Shareholding |
86.95% |
|
Post-Issue Promoter Shareholding |
84% |
IPO Lead Managers
- Equirus Capital Pvt. Ltd.
Dividend Policy
The company has not paid a Dividend in the last three financial years.
Conclusion
CMR Green Technologies IPO is a Mainboard IPO with an issue size of around ₹630.88 crore. The company operates in the non-ferrous metal recycling and secondary aluminium market, mainly producing aluminium/zinc die-casting alloys, aluminium billets, liquid aluminium, and recycled scrap products.
The IPO will open on 03 June 2026 and close on 05 June 2026. The price band is ₹182 to ₹192 per share, with a lot size of 78 shares. The expected listing date is 10 June 2026 on BSE and NSE.
The issue is completely an Offer for Sale (OFS), meaning the company will not receive any proceeds from the IPO. The money will go to the selling shareholders. The company serves major OEMs and Tier-1 automakers such as Honda Cars India, Bajaj Auto, Hero MotoCorp, Royal Enfield, Endurance Technologies, Maruti Suzuki, and Jindal Stainless.
Finowings IPO Analysis
Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO.
You must consult your financial advisor before making any financial decisions.
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To Read the Prospectus of the company, click here to Download the RHP.
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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.
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