CMR Green Technologies IPO Listing Preview (10 June 2026): GMP Rs 70, Subscribed 11.59x, What to Expect at Opening
- June 8, 2026
- Posted by: Ankit Jaiswal
- Category: IPO
CMR Green Technologies IPO listing 10 June 2026. GMP Rs 70 (+36.5%). Subscribed 11.59x. NII 21.85x. Retail 8.01x. Issue price Rs 192. Rs 630.88 Cr OFS. Allotment 8 June.
The CMR Green Technologies IPO is set to list on both BSE and NSE on 10 June 2026, with the grey market premium holding at approximately Rs 70 per share, pointing to an estimated opening price of around Rs 262 against the issue price of Rs 192, a potential listing premium of 36.5%. This Rs 630.88 crore mainboard offering closed subscription on 5 June 2026 with an overall subscription of 11.59 times, led by NII demand of 21.85 times and retail oversubscription of 8.01 times. Allotment was finalised on 8 June 2026.
The CMR Green Technologies IPO is entirely an Offer for Sale (OFS), meaning the company receives no fresh capital. The anchor round on 2 June 2026 raised Rs 188.44 crore from 18 institutional investors at Rs 192 per share. Global participants including Goldman Sachs Funds, BNP Paribas, Citigroup Global Markets Mauritius, and Susquehanna Pacific participated, signalling strong international institutional appetite for this non-ferrous recycler.
About CMR Green Technologies Limited
CMR Green Technologies Limited, incorporated in 2006, is India’s dominant non-ferrous metal recycler specialising in secondary aluminium and zinc die-casting alloys. The CMR Green Technologies IPO offers investors access to a company that manufactures recycled aluminium alloys (in ingot and liquid form), zinc alloy ingots, aluminium billets, and segregated furnace-ready scrap of stainless steel, copper, brass, zinc, lead, and magnesium.
The company serves marquee automotive OEMs and industrial customers through 13 manufacturing plants across India and three Japanese joint ventures. It sources scrap from 198 global suppliers, providing raw material security. CMR Green Technologies is positioned to benefit from India’s circular economy push, the automotive sector’s increasing use of recycled aluminium, and growing EV demand for lightweight materials.
Financially, the CMR Green Technologies IPO follows a dramatic turnaround. Revenue grew to Rs 6,696.66 crore in FY25 from Rs 5,968.44 crore in FY24. More significantly, the company swung from a loss of Rs 838.56 crore in FY24 to a profit after tax of Rs 155.04 crore in FY25, demonstrating improved operational efficiency and procurement strategy.
CMR Green Technologies IPO Key Details and Subscription Summary
| Detail | Information |
|---|---|
| Issue Type | Book Built Mainboard IPO (100% OFS) |
| Issue Size | Rs 630.88 Crore |
| Issue Price | Rs 192 per share (upper band) |
| Price Band | Rs 182 to Rs 192 per share |
| Lot Size | 78 shares / Min investment Rs 14,976 |
| Subscription (Overall) | 11.59 times |
| Retail Subscription | 8.01 times |
| NII Subscription | 21.85 times |
| Listing Date | 10 June 2026 (BSE and NSE) |
| Registrar | KFin Technologies Ltd. |
| GMP (Pre-Listing) | Rs 70 per share (~36.5% premium) |
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CMR Green Technologies IPO Listing Outlook for 10 June 2026
The CMR Green Technologies IPO GMP of Rs 70 heading into listing day implies an expected opening of approximately Rs 262, a 36.5% gain over the issue price. The GMP reached a high of Rs 77 on the final subscription day (5 June 2026) before moderating to Rs 69-70. A GMP above Rs 69 at this stage reflects strong grey market conviction and is supported by an 11.59x overall subscription and 21.85x NII demand.
Three factors support a positive listing. First, the NII subscription of 21.85 times demonstrates strong institutional and HNI conviction, which is historically the most reliable predictor of positive listing performance in mainboard issues. Second, global institutional anchor investors including Goldman Sachs and BNP Paribas participated at Rs 192. Third, the FY25 turnaround from a Rs 838.56 crore loss to Rs 155.04 crore profit provides a fundamental basis for investor confidence in the CMR Green Technologies IPO.
Key Risks to Watch on Listing Day
Commodity Price Volatility
Aluminium and zinc scrap prices fluctuate with global commodity cycles. A sudden spike in scrap procurement costs could compress margins for CMR Green Technologies, affecting post-listing performance.
Automotive Sector Dependency
A significant portion of revenue comes from automotive OEM customers. Any prolonged weakness in India’s vehicle production or auto demand could impact the company’s volumes and growth post-listing.
Market Conditions on Listing Day
Actual listing prices are influenced by overall market sentiment on 10 June 2026. Broader index volatility on Nifty or Sensex on that day may cause the CMR Green Technologies IPO opening price to deviate from GMP-based estimates regardless of company fundamentals.
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Allotment Status and Pre-Listing Checklist
The CMR Green Technologies IPO allotment was finalised on 8 June 2026. Investors can check their allotment status on the KFin Technologies registrar website, the BSE allotment page, or through their broker app using their PAN or application number. Share credits to demat accounts are expected on 9 June 2026, one day before the 10 June listing on BSE and NSE.
Allotted investors should decide their post-listing strategy based on their investment horizon and risk appetite, not solely on GMP. A short-term approach might involve booking partial profits near the open if the issue opens significantly above expectations. Long-term investors may evaluate holding given the company’s leadership in India’s non-ferrous recycling sector and the structural tailwinds from the circular economy transition.
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Conclusion
The CMR Green Technologies IPO is set for a strong listing on 10 June 2026, backed by an 11.59x subscription, a grey market premium of Rs 70, and participation from global institutional anchor investors including Goldman Sachs and BNP Paribas. The dramatic FY25 financial turnaround and India’s largest non-ferrous recycling footprint of 13 plants and three Japanese joint ventures provide a credible fundamental backdrop. Verify allotment status on KFin Technologies, confirm all data from official BSE and NSE sources, and consult a SEBI-registered advisor before making any investment decision related to the CMR Green Technologies IPO.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions on CMR Green Technologies IPO Listing Preview
What is the CMR Green Technologies IPO listing date?
Ans. The CMR Green Technologies IPO is scheduled to list on both BSE and NSE on 10 June 2026. Allotment was finalised on 8 June 2026, with share credits expected on 9 June 2026.
What is the CMR Green Technologies IPO GMP before listing?
Ans. The CMR Green Technologies IPO GMP before listing stands at approximately Rs 69 to Rs 77 per share, implying an expected listing price of Rs 261 to Rs 269 against the issue price of Rs 192, a potential gain of 36 to 40%. GMP is unofficial and not regulated by SEBI.
How many times was the CMR Green Technologies IPO subscribed?
Ans. The CMR Green Technologies IPO was subscribed approximately 11.59 times overall on the final subscription day (5 June 2026). The NII category led with 21.85 times, while the retail category was subscribed 8.01 times.
What does CMR Green Technologies do?
Ans. CMR Green Technologies Limited, incorporated in 2006, is a non-ferrous metal recycler. The company manufactures recycled aluminium alloys, zinc alloy ingots, aluminium billets, and segregated furnace-ready scrap of stainless steel, copper, brass, zinc, lead, and magnesium. It serves automotive OEMs through 13 plants and three Japanese joint ventures.
What was the CMR Green Technologies IPO issue price?
Ans. The issue price is Rs 192 per share (upper end of the Rs 182-192 price band). Lot size is 78 shares, minimum investment Rs 14,976.
Is the CMR Green Technologies IPO a fresh issue or OFS?
Ans. The CMR Green Technologies IPO is entirely an Offer for Sale (OFS) of 3,28,58,323 equity shares. The company receives no proceeds from this IPO.
Who are the lead managers of CMR Green Technologies IPO?
Ans. The Book Running Lead Managers are Equirus Capital Private Limited, ICICI Securities Limited, and Motilal Oswal Investment Advisors Limited. KFin Technologies Limited is the registrar.
What is the expected listing price of CMR Green Technologies IPO?
Ans. Based on the current GMP of approximately Rs 70 per share, the expected listing price is around Rs 262, roughly 36.5% above the issue price of Rs 192. Actual listing prices can differ significantly from GMP estimates.
