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CMR Green Technologies IPO
The founders and investors of the metal recycling firm CMR Green Technologies have submitted preliminary documents to SEBI in order to raise capital through an initial share sale worth a fresh issue of equity shares valued at Rs. 300 crores and an offer to sell 3.34 crore shares. The business could think about a pre-IPO for as much as 60 crores. Promoters Gauri Shankar Agarwala (34.33 lakh equity shares), Kalawati Agarwal (up to 33.45 lakh equity shares), Mohan Agarwal and Pratibha Agarwal (up to 30.09 lakh equity shares each), and investor Global Scrap Processors (up to 1.99 crore equity shares) are among those selling shares through the OFS. The issue's book-running lead managers are ICICI Securities, Axis Capital, and JM Financial.
Opening Date
To be announced
Closing Date
To be announced
Price Band
To be announced
Issue Size
To be announced
Face Value
To be announced
Market Lot
To be announced
Opening Date
To be announced
Closing Date
To be announced
Price Band
To be announced
Issue Size
To be announced
Face Value
To be announced
Market Lot
To be announced
Listing at NSE, BSE
CMR Green Technologies IPO Important Dates
| IPO Open Date | To be announced |
|---|---|
| IPO Close Date | To be announced |
| Allotment Date | To be announced |
| Initiation Of Refunds | To be announced |
| Credit Of Shares To Demat Account |
To be announced |
| IPO Listing Date | To be announced |
| UPI Mandate Expiry Date | To be announced |
About CMR Green Technologies
In the domestic recycling of aluminium, CMR Green Technologies is one of the top metal recyclers. It is largely concerned with recycling aluminium, which entails processing waste metal made mostly of aluminium to produce aluminium alloys and delivering them both in liquid and solid ingot form. The automotive sector accounts for a sizable share of India's overall secondary aluminium consumption, and demand from this sector is anticipated to increase at a CAGR of 14–15 per cent between Fiscal 2021 and Fiscal 2025. Making zinc alloys is another activity it does. Currently, the firm employs 12 production facilities, 10 of which engage in aluminium recycling activities geared at the Indian and international car manufacturing industries. These ten production sites are strategically positioned adjacent to the manufacturing facilities of our clients, enabling us to optimise deliveries, cut down on lead times, and promote stronger customer connections. They are all located in important auto clusters in north, west, and south India. Additionally, it is now constructing a cold refining facility in Gujarat to boost operational effectiveness and lower transport costs.
In addition to recycling aluminium, we concentrate on sorting and recycling other metals like stainless steel, copper, brass, zinc, magnesium, and steel that are included in the mixed metal scrap that we purchase. We also recycle end-of-life vehicles ("ELVs") by disassembling, shredding, and sorting the components of ELVs.
CMR Green Technologies IPO Objectives
• Repayment/prepayment, in full or in part, of certain borrowings availed by the Company.
• General corporate purposes.
• The main objects and objects incidental and ancillary to the main objects, as set out in the Memorandum of Association, enable the Company to undertake its existing business activities and the activities for which funds are being raised by them through the Fresh Issue and for which the loans proposed to be repaid from the Net Proceeds were utilised.
Why should you invest in the CMR Green Technologies IPO?
Here are the top reasons:
- Total aluminium (primary and secondary) demand in India in Fiscal 2020 is estimated at 3.7 million tonnes, logging a CAGR of 5-6% over Fiscals 2015 to fiscal 2020. The demand for secondary aluminium in India zoomed at a CAGR of 9-10% from Fiscal 2015 to 2020.
- Due to better cost dynamics, the share of secondary aluminium in the aggregate aluminium market in India rose to 35-36% in fiscal 2020 from 29-30% in Fiscal 2015. (Source: CRISIL Report)
Financial Highlights
| Particulars (in Rs. Crores) | FY 21 | FY 20 | FY 19 |
|---|---|---|---|
| Revenue | 2913.19 | 0.00 | 0.01 |
| EBITDA | 336.53 | -0.01 | -0.01 |
| PAT | 40.73 | 0.12 | 0.05 |
| EPS (basic in Rs.) | 0.98 | 0.05 | 0.02 |
| ROE | 0.23% | 0.57% | 2.84% |
| ROCE | 23.59% | 21.52% | 24.27% |
How to apply for CMR Green Technologies IPO?
To start trading, investors have two ways to choose from. They either can opt for UPI or create a Demat account. The details are as follows:
UPI
- Step 1: Link a UPI ID to your bank account
- Step 2: Add your UPI ID to your Demat account
- Step 3: Subscribe for CMR Green Technologies IPO and accept the payment request on your UPI ID
Demat Account
- Open a DEMAT Account for free with Angel One if you’re a new investor.
CMR Green Technologies Noteworthy Highlights:
- The Company and the Transferor Companies were part of the ‘CMR Group’, which was primarily engaged in the business of metal recycling and the manufacture of metal products and are the largest metal recycler in the domestic aluminium recycling industry and amongst the largest in the world. (Source: CRISIL Report)
- According to CRISIL Report, our Company has a market share of 13-15% in terms of aggregate installed capacities, which is the largest when compared with other competitors in the industry.
The Brand’s Pros & Cons:
| Pros | Cons |
|---|---|
| They hold a leading position in India's domestic aluminium recycling market. | Have no long-term contracts with consumers and rely on a small group of clients for the majority of revenues. |
| The business has a history of working with its clients. | A loss of clients from the automobile sector, a major drop in business from those customers, or a shift in the preferred alloys used in the automotive industry. |
| The nation's top supplier of liquid aluminium alloy and owner of joint ventures with strategic connections. | The inability to effectively create or acquire specialised technology for manufacturing processes, as well as volatility in the availability and pricing of the raw materials. |
| A large and diverse range of raw material suppliers Green technology and procedures, promote environmentally friendly businesses. | The inability to manage inventory, estimate demand for the items, or schedule capacity expansions. |
Competitive Analysis: Market Peers
( Data not available )
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