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InvestmentsIPOCMR Green Technologies IPO

CMR Green Technologies IPO

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Open Date

3 Jun 2026

Close Date

5 Jun 2026

Min Investment

₹ 14,196

Lot Size

78

Issue Size

₹ 630.88 Cr

Price Range

₹ 182 - ₹ 192

Subscribed

126.91 x
status

This IPO is now Live.

Click here for live price
IPO Timeline
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IPO Offer Start
3 Jun 2026
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IPO Offer Ends
5 Jun 2026
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Allotment Finalisation
8 Jun 2026
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Refund Initialisation
9 Jun 2026
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Non-Institutional Buyers (sHNI)
9 Jun 2026
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Listing of Shares
10 Jun 2026
IPO Subscription Details as on 13 Nov 2026, 07:10 AM
Qualified Instituational Buyers (QiB)
270.46 x
Retail
26.8 x
Employees
18.43 x
Total
126.91 x
Non-Institutional Buyer (bHNI)
187.21 x
Non-Institutional Buyer (sHNI)
142.39 x
Note: This information is provided for general guidance only. Dates may be subject to change.
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About the Company
CMR Green Technologies Limited is the leading non-ferrous metal recycler in India with the highest market share in the secondary aluminium market. The company manufactures recycled aluminium alloys (in ingot and liquid form), zinc alloy ingots, dross and segregated furnace ready scrap of various metals. The company operates through 13 strategically located recycling facilities across India with a combined installed capacity of 615,150 MTPA as of March 31, 2026.
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Founded In

2005

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CEO

Akshay Agarwal

Financials of Cmr Green Technologies IPO

Income Statement
Balance Sheet
Cash Flows
Total Income
Total Expenses
Total Profit
Key Performance IndicatorsMar 2023Mar 2024Mar 2025
Operating Revenue5,868.515,952.446,666.49
Other Income21.3916.0030.18
Total Income
5,889.905,968.446,696.66
Total Expenses
5,751.705,838.396,486.67
Profit Before Tax137.88-1,110.09205.06
Total Profit
104.51-838.56155.04

All figures are in crores (₹)

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Utilisation of Proceeds

All figures are in crores (₹)

PurposeAmount
The company is conducting an offer for sale of equity shares by the selling shareholders to provide liquidity to existing shareholders through divestment of their holdings.-
The company aims to list its equity shares on stock exchanges to enhance visibility and brand image while providing a public market for equity shares in India.-
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  • Leading recycler in the domestic aluminium recycling industry with significant entry barriers: The company is the leading non-ferrous metal recycler in terms of installed capacity as of March 31, 2025 with highest market share in Indian secondary aluminium market. The company has capacity advantage of around 4 times of nearest competitor with revenue growth CAGR of around 23% from FY2007 to FY2025.
  • Key supplier of liquid aluminium alloy: The company commenced liquid aluminium supplies since 2008 with manufacturing facilities adjacent to customer premises. Liquid delivery offers 6-7% savings compared to solid ingots and the company saved approximately 61.20 million kilograms of greenhouse gas emissions in nine months ended December 31, 2025.
  • Strong and diversified supplier base for sourcing raw materials: The company procures metal scrap from around 198 global suppliers from 73 countries for Fiscal 2025. The company has decade-long relationships with suppliers enabling favorable terms and better discounts while maintaining geographically diverse base for competitive pricing.
  • Long-standing relationships with customers: The company has established long-term relationships with customers comprising Tier 1 companies and OEMs, with some relationships spanning more than 16-19 years. Revenue from repeat customers represents 96.23% of total revenue for nine months ended December 31, 2025.
  • Strategic alliances through joint ventures: The company has joint ventures with Toyota Tsusho Corporation (since 2012), Nikkei MC Aluminium (since 2012) and Nippon Light Metal (since 2025). The company is the only domestic peer to have multiple Joint Ventures with global Japanese players.
  • Advanced facilities, technology, quality processes and engineering expertise: The company operates 13 strategically located recycling facilities with combined installed capacity of 615,150 MTPA as of March 31, 2026. The company maintains low defect rate of 0.07% for nine months ended December 31, 2025 with extensive quality control mechanisms.
  • Experienced and qualified management team with people focused culture: The company has experienced management team with Chairman and Managing Director having over 31 years of experience in aluminium alloys recycling industry. The company is ranked 60th 'Great Place To Work' in mid-sized companies in India for 2025.
  • Environment friendly business supported by green technologies and ESG focus: The company has 6th highest score as per S&P Global Corporate Sustainability Assessment amongst aluminium industry companies. The company saved 1.13 million MT of bauxite, 799.27 million MT of carbon dioxide emissions during nine months ended December 31, 2025.

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