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BSE, NSE

CMR Green Technologies Ltd

Listed

Incorporated in 2006, CMR Green Technologies Limited is non-ferrous metal recycler and secondary aluminium market, specializing in aluminium and zinc die-casting alloys.

Issue details

Price band

₹182 – ₹192

Face value

₹2

Lot size

78 shares

Minimum investment

₹14,976

Issue size

₹630.62 Cr

Fresh issue

—

Offer for sale

₹630.62 Cr

Issue type

Book Built

Exchange

BSE, NSE

Key dates

Opens

3 Jun 2026

Closes

5 Jun 2026

UPI mandate cut-off

5:00 PM on 5 Jun 2026

Allotment

8 Jun 2026

Refunds

9 Jun 2026

Shares in demat

9 Jun 2026

Listing

10 Jun 2026

Subscription and listing

Subscription

88.69x

Listing price

₹268

Registrar

Kfin Technologies Ltd

Lead manager

Equirus Capital, ICICI Securities, Motilal Oswal Investment Advisors

Subscription by category

Total

88.69x

Total applications

32,27,791

Anchor investors

Amount raised

₹188.44 Cr

Bid date

2 Jun 2026

50% lock-in ends

7 Jul 2026

Rest lock-in ends

5 Sep 2026

Listing day

Issue price

₹192

Open

₹268.00

High

₹268.96

Low

₹241.20

Day close

₹241.20

Listing gain at open

+39.58%

Issue structure

Shares reserved per category and share of the total issue

QIB Shares Offered

1,63,57,322

49.78%

Anchor Investor Shares Offered

98,14,393

29.87%

QIB (Ex. Anchor) Shares Offered

65,42,929

19.91%

NII Shares Offered

49,07,197

14.93%

bNII > ₹10L

32,71,465

9.96%

sNII < ₹10L

16,35,732

4.98%

Retail Shares Offered

1,14,50,126

34.85%

Employee Shares Offered

1,43,678

0.44%

Total Shares Offered

3,28,58,323

100.00%

Finaccle’s quick read

Avoid

FY25 income up 12%, ROE 0.10%, D/E 0.76, post-issue P/E 19.42x.

A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.

About the company

Incorporated in 2006, CMR Green Technologies Limited is non-ferrous metal recycler and secondary aluminium market, specializing in aluminium and zinc die-casting alloys. The company manufacture recycled aluminium alloys (in ingot and liquid form), zinc alloy ingots and segregated furnace ready scrap of stainless steel, copper, brass, zinc, lead and magnesium, amongst others. The company also produces aluminium billets that cater to both automotive and non-automotive sectors.

Founded

2006

2006

Promoters

Mohan Agarwal, Pratibha Agarwal, Akshay Agarwal, Raghav Agarwal

Mohan Agarwal, Pratibha Agarwal, Akshay Agarwal, Raghav Agarwal

Promoter holding

86.95% pre-issue; 84% post-issue

86.95% pre-issue; 84% post-issue

Financial performance

Restated figures in ₹ crore, latest period first

₹ crore, latest first. Full table on desktop.

Period

Total income

Income

EBITDA

PAT

Net worth

Borrowings

Debt

Assets

Dec 2025

Dec 2025

6,291.00

6,291.00

316.62

162.39

162.39

594.18

1,303.22

1,303.22

3,650.58

FY25

FY25

6,696.66

6,696.66

328.62

155.04

155.04

458.38

894.03

894.03

2,815.86

FY24

FY24

5,968.44

5,968.44

-705.98

-838.56

-838.56

317.54

498.65

498.65

2,194.41

FY23

FY23

5,889.00

5,889.00

229.26

104.51

104.51

1,195.19

368.19

368.19

3,351.66

ROE

0.10%

ROCE

9.30%

Debt / equity

0.76

PAT margin

2.59%

P/E post issue

19.42

Market cap

₹4,205.87 Cr

Use of IPO money

Strengths

✓

Moderate leverage: debt to equity 0.76

Risks to watch

!

Thin PAT margin of 2.59%

!

Entire issue is an offer for sale; company gets no fresh money

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Last updated:

Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.