CMR Green Technologies IPO GMP Day 2 on 4 June 2026: Grey Market Premium Rs 61 to Rs 63, Expected Listing Price Rs 253 and Subscription Analysis
- June 4, 2026
- Posted by: Ankit Jaiswal
- Category: IPO
CMR Green Technologies IPO GMP Day 2: Rs 61-63 (4 Jun 2026). Issue price: Rs 192. Expected listing: ~Rs 253 (~32% gain). Issue size: Rs 630.88 Cr. Listing: 10 Jun 2026, NSE+BSE.
CMR Green Technologies IPO GMP on Day 2 of subscription, 4 June 2026, is tracking between Rs 61 and Rs 63 per share in the grey market. Against the upper price band of Rs 192, the CMR Green Technologies IPO GMP of Rs 63 implies an expected listing price of approximately Rs 255, representing a potential grey market-based listing gain of around 32%. The subscription window is open from 3 June 2026 to 5 June 2026, with allotment expected on 8 June 2026 and a tentative listing on NSE and BSE mainboard on 10 June 2026.
It is a mainboard issue of Rs 630.88 crore, entirely an offer for sale (OFS) of up to 3,28,58,323 equity shares of face value Rs 2 each by promoters and an investor selling shareholder. Since the issue is purely an OFS, the company will not receive any fresh funds from the issue, with all proceeds going directly to the selling shareholders. The company had raised Rs 188.44 crore from anchor investors ahead of the opening, with SBI Mutual Fund, ICICI Prudential Mutual Fund, HDFC Mutual Fund, Nippon India Mutual Fund, and Goldman Sachs among the key anchor participants.
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CMR Green Technologies IPO Key Details
| Detail | Value |
|---|---|
| IPO Open Date | 3 June 2026 |
| IPO Close Date | 5 June 2026 |
| Price Band | Rs 182 to Rs 192 per share |
| Issue Size | Rs 630.88 Crore (100% OFS) |
| Total Shares Offered | 3,28,58,323 equity shares |
| Face Value | Rs 2 per share |
| Lot Size | 78 shares |
| Minimum Investment (Retail) | Rs 14,976 |
| Allotment Date | 8 June 2026 |
| Listing Date | 10 June 2026 (tentative) |
| Exchange | NSE + BSE (Mainboard) |
| Registrar | KFin Technologies Ltd |
| GMP Day 2 (4 Jun 2026) | Rs 61 to Rs 63 per share |
| Expected Listing Price (GMP-based) | ~Rs 253 to Rs 255 (~32% premium) |
| Anchor Investor Proceeds | Rs 188.44 Crore |
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About CMR Green Technologies Limited: Non-Ferrous Metal Recycling
This IPO is backed by one of India’s leading non-ferrous metal recycling companies, incorporated in 2005 (operating as CMR Green Technologies since 2006). The company recycles aluminium, zinc, copper, brass, stainless steel, and other non-ferrous metals to produce value-added products such as aluminium alloys, zinc alloys, aluminium billets, and metal scrap. CMR Green Technologies operates in the secondary metals segment, which is a high-growth, sustainability-aligned industry driven by rising demand for recycled metals in automotive, aerospace, and infrastructure applications.
This listing reflects the company’s established position in the non-ferrous metal recycling ecosystem. The company operates manufacturing plants across Tatarpur, Gurugram, and Bhiwadi, producing aluminium alloy ingots and liquid aluminium alloy products. CMR Green Technologies received private equity investment from Indian Automotive Components Manufacturers (IACM) Private Limited, and promoters currently hold 86.95% of the company pre-IPO, which will reduce to approximately 84% post-listing.
CMR Green Technologies IPO GMP Day 2 Analysis: What Rs 61-63 Means
The CMR Green Technologies IPO GMP on Day 2 of subscription represents a significant improvement from the GMP of Rs 27.5 seen on 30 May 2026, which had risen to Rs 42 by 1 June 2026 before jumping to Rs 61 to Rs 63 at the CMR Green Technologies IPO subscription opening on 3 June. The GMP progression has been consistently upward, suggesting building investor confidence in the issue ahead of the 5 June closing date.
At the Rs 63 end of the CMR Green Technologies IPO GMP range, the implied listing price of approximately Rs 255 represents a 32.8% premium over the Rs 192 upper price band. Investors should note that the actual listing price on 10 June 2026 will be determined by real-time market demand on the NSE and BSE mainboard platforms. GMP is an unofficial, unregulated indicator and the actual performance post-listing can differ materially from GMP-implied levels.
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CMR Green Technologies IPO: Financials and Valuation
The valuation at the upper price band of Rs 192 places the company at a P/E ratio of 19.42 times, a P/B ratio of 9.17 times, and a market cap of approximately Rs 4,205.87 crore. The return on net worth (RoNW) stands at 24.92% and EPS is Rs 9.88 per share. Being an OFS issue, all proceeds go to selling shareholders rather than the company itself, which means no fresh capital is being raised for operational expansion through this route.
| Metric | Value |
|---|---|
| Market Cap at Issue (Rs Cr) | 4,205.87 |
| P/E Ratio | 19.42x |
| P/B Ratio | 9.17x |
| EPS (Rs) | 9.88 |
| RoNW (%) | 24.92% |
| Issue Type | 100% OFS (no fresh issue) |
| Promoter Holding Pre-IPO | 86.95% |
| Promoter Holding Post-IPO | ~84% |
CMR Green Technologies IPO Subscription Status on Day 2
The subscription status on Day 2 reflects the retail allocation structure of 35% for retail investors, 50% for QIBs, and 15% for NII. As a mainboard IPO with a minimum retail lot of 78 shares at Rs 14,976, this issue has the lowest minimum investment amount among all IPOs currently open, making it accessible to a broader retail investor base. Institutional and HNI demand through the CMR Green Technologies IPO is typically higher on Day 3 (the last day of bidding on 5 June), so investors should check the final subscription data on 5 June 2026 for a complete picture.
Key Risks of CMR Green Technologies IPO
OFS Structure Means No Fresh Capital for Growth
The issue is entirely an OFS, meaning the company receives zero proceeds from the issue. All Rs 630.88 crore goes to the selling shareholders. This is a key distinction for investors: the CMR Green Technologies IPO does not fund any new capacity expansion, R&D, or debt reduction at the company level. Growth post-listing will depend entirely on the company’s existing operations and internal cash generation.
Commodity Price Sensitivity
CMR Green Technologies operates in the non-ferrous metal recycling business, where margins are sensitive to fluctuations in aluminium, zinc, and copper prices on global commodity markets. A sustained decline in non-ferrous metal prices would compress the company’s revenue per tonne and potentially its margins. Investors tracking the CMR Green Technologies IPO should monitor global metal price trends as a key post-listing risk factor.
Automotive Sector Dependency
A significant portion of CMR Green Technologies’ revenue is linked to the automotive sector, which is one of the largest end-markets for recycled aluminium alloys. Any slowdown in automotive production, particularly in the passenger vehicle and commercial vehicle segments, could reduce demand for CMR Green Technologies’ products and affect revenue visibility post the CMR Green Technologies IPO listing.
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Conclusion
CMR Green Technologies IPO GMP on Day 2 of subscription stands at Rs 61 to Rs 63 per share, implying an expected listing price of approximately Rs 253 to Rs 255 on 10 June 2026, representing a potential grey market-based gain of around 32% over the issue price of Rs 192. The CMR Green Technologies IPO is a mainboard issue of Rs 630.88 crore backed by one of India’s leading non-ferrous metal recycling companies. The company has strong recycling infrastructure. Investors should note the OFS structure, which means no fresh capital is being raised, and track final subscription data on 5 June 2026 before drawing any conclusions about demand.
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Disclaimer: The securities quoted, if any, are for illustration purposes only and are not recommendatory. This article is for educational purposes only and shall not be considered as investment advice or a recommendation by Univest (Uniresearch Global Pvt Ltd, SEBI Registered Research Analyst INH000013776). Investments in the securities market are subject to market risks. Read all related documents carefully before investing. Registration granted by SEBI in no way guarantees the performance of the intermediary or provides any assurance of returns to investors. Past performance is not indicative of future results.
Frequently Asked Questions on CMR Green Technologies IPO
What is the CMR Green Technologies IPO GMP today on Day 2?
Ans. The GMP on Day 2 of subscription, 4 June 2026, is Rs 61 to Rs 63 per share. Based on the upper price band of Rs 192, this implies an expected CMR Green Technologies IPO listing price of approximately Rs 253 to Rs 255, representing a potential grey market-based gain of around 32%. GMP is an unofficial indicator and not a guarantee of listing gains.
What is the CMR Green Technologies IPO price band?
Ans. The price band is set at Rs 182 to Rs 192 per equity share. The lot size is 78 shares. The minimum retail investment for the CMR Green Technologies IPO is Rs 14,976 (78 shares at the upper price band of Rs 192), making it one of the most accessible mainboard IPOs in terms of minimum investment.
When is the CMR Green Technologies IPO listing date?
Ans. The listing date is tentatively 10 June 2026 on both the NSE and BSE mainboard. The CMR Green Technologies IPO subscription closes on 5 June 2026, with allotment expected on 8 June 2026. Investors can check allotment status on the KFin Technologies registrar website.
What does CMR Green Technologies do?
Ans. CMR Green Technologies Limited is one of India’s leading non-ferrous metal recycling companies, incorporated in 2005. It recycles aluminium, zinc, copper, brass, and stainless steel to produce aluminium alloys, zinc alloys, aluminium billets, and metal scrap. The company operates manufacturing plants across Tatarpur, Gurugram, and Bhiwadi.
Is CMR Green Technologies IPO a fresh issue or OFS?
Ans. The issue is entirely an offer for sale (OFS) of up to 3,28,58,323 equity shares by promoters and an investor selling shareholder. The company will not receive any proceeds from the CMR Green Technologies IPO, as all Rs 630.88 crore goes to the selling shareholders.
What is the CMR Green Technologies IPO issue size?
Ans. The issue size is Rs 630.88 crore, comprising entirely an OFS of 3,28,58,323 equity shares of face value Rs 2 each at the upper price band of Rs 192. The company raised Rs 188.44 crore from anchor investors including SBI MF, ICICI Prudential MF, HDFC MF, and Goldman Sachs ahead of the CMR Green Technologies IPO subscription opening.
What is the CMR Green Technologies IPO valuation?
Ans. At the upper price band of Rs 192, the company is valued at a P/E of 19.42 times, a P/B of 9.17 times, and a market cap of approximately Rs 4,205.87 crore. EPS is Rs 9.88 and RoNW is 24.92%. Promoters hold 86.95% pre-IPO, reducing to approximately 84% post the CMR Green Technologies IPO listing.
Should I apply for this IPO?
Ans. This article does not constitute investment advice. The GMP of Rs 61-63 on Day 2 indicates positive grey market sentiment, but the OFS structure means no fresh capital is raised for growth, and commodity price sensitivity and automotive sector dependency are key risks. Investors should read the RHP and consult a SEBI-registered financial advisor before applying for the CMR Green Technologies IPO.
