The CMR Green Technologies IPO is a book-built public issue aggregating ₹630.88 crore. The offering consists entirely of an Offer for Sale (OFS) of 3.29 crore equity shares by existing shareholders, meaning the company will not receive any proceeds from the issue.
The IPO will open for subscription on June 3, 2026, and close on June 5, 2026. The share allotment is expected to be finalized on June 8, 2026, while the company's shares are tentatively scheduled to debut on the NSE and BSE on June 10, 2026.
The price band for the issue has been fixed at ₹182–₹192 per share. Investors can apply in lots of 78 shares. Equirus Capital Private Limited is acting as the book-running lead manager for the issue, while Kfin Technologies Limited has been appointed as the registrar.
CMR Green Technologies IPO Objectives
All the proceeds from the Offer will be received directly by the respective Selling Shareholders in proportion to the shares offered by them. The company will not receive any direct capital proceeds from this public transaction.
About CMR Green Technologies
CMR Green Technologies Limited, incorporated in 2005, is one of India's leading metal recycling and alloy manufacturing companies. Headquartered in Faridabad, Haryana, the company operates recycling and production facilities across key industrial locations, including Chennai, Pune, Haridwar, Bhiwadi, Manesar, Halol, Tirupati, and Odisha. Through its subsidiaries and joint ventures, CMR Green Technologies converts metal scrap into high-quality aluminum and zinc alloys, supporting sustainable manufacturing and circular economy practices in India.
Industry Outlook
- India's demand for aluminium, copper, and other non-ferrous metals is increasing rapidly due to growth in automotive, construction, electrical, and infrastructure sectors. Recycled metals are becoming a critical source of supply as industries seek cost-effective and sustainable raw materials.
- The transition towards electric vehicles is increasing the use of aluminium alloys in battery enclosures, motor housings, wheels, and structural components. This trend is expected to drive higher demand for secondary aluminium and specialised alloy manufacturers in the coming years.
- Policy initiatives such as vehicle scrappage programs, Extended Producer Responsibility (EPR) regulations, and sustainability targets are encouraging organised recycling and higher recovery of metal scrap, creating a favourable environment for recycling companies.
- Advanced sorting, material recovery, and alloy-making technologies are helping recyclers improve metal recovery rates, enhance product quality, and reduce processing costs. Companies investing in modern recycling infrastructure are expected to benefit from higher margins and stronger customer demand.
- Despite strong demand, India continues to rely heavily on imported metal scrap, particularly aluminium scrap. Supply disruptions, import duties, and fluctuations in global scrap availability can impact raw material costs and profitability for recycling and alloy manufact
How To Apply for the CMR Green Technologies IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the CMR Green Technologies IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
How To Check the Allotment Status of CMR Green Technologies IPO ?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of CMR Green Technologies
Address: 7th Floor, Tower 2, L & T Business Park, 12/4 Delhi, Mathura Road, Faridabad - 121003, Haryana, India
Phone / Telephone: +91 129 4223050
Mail: complianceofficer@cmr.co.in
Website: www.cmr.co.in
CMR Green Technologies IPO Reservation
| Investor Category | Allocation |
| Qualified Institutional Buyers (QIBs) | Not more than 50% of the Net Offer |
| Retail Individual Investors (RIIs) | Not less than 35% of the Net Offer |
| Non-Institutional Investors (NIIs) | Not less than 15% of the Net Offer |
CMR Green Technologies IPO Lot Size Details
| Investor Category | Lots | Investment Amount |
| Retail (Min) | 1 | ₹14,976 |
| Retail (Max) | 13 | ₹1,94,688 |
| S-HNI (Min) | 14 | ₹2,09,664 |
| S-HNI (Max) | 66 | ₹9,88,416 |
| B-HNI (Min) | 67 | ₹10,03,392 |
CMR Green Technologies IPO Promoter Holding
The promoters of the company are Pratibha Agarwal, Mohan Agarwal, Raghav Agarwal, and Akshay Agarwal.
| Share Holding Pre-Issue | 86.95% |
| Share Holding Post Issue | 84% |
Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.
Key Performance Indicators for CMR Green Technologies
| Metric | FY25 |
| EBITDA Margin | 4.56% |
| PAT Margin | 2.32% |
| Return on Net Worth (RoNW) | 31.08% |
| Net Asset Value (NAV) | ₹20.93 per share |
| Basic Earnings Per Share (EPS) | ₹6.50 |
CMR Green Technologies IPO Registrar and Lead Managers
Book Running Lead Manager
- EquirusCapital Limited
- Address: Unit No. 2601B, 26th Floor, A Wing, Marathon Futurex, Mafatlal Mills Compound, Lower Parel, Mumbai - 400 013, Maharashtra, India
- Contact: Tel: +91 22 43320734 | Email:cmr.ipo@equirus.com
- ICICI Securities Limited
- Address: ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, Maharashtra, India
- Contact: Tel: +91 22 68077100 | Email: cmripo@icicisecurities.com
- Motilal Oswal Investment Advisors Limited
- Address: Motilal Oswal Tower, Rahimtullah Sayani Road, Opposite Parel ST Depot, Prabhadevi, Mumbai - 400 025, Maharashtra, India
- Contact: Tel: +91 22 71934380 | Email: cmr.ipo@motilaloswal.com
Registrar to the Issue
KFin Technologies Limited
- Address:Selenium Building, Tower-B, Plot No. 31 & 32, Financial District, Nanakramguda, Serilingampally, Hyderabad, Rangareddi - 500032, Telangana, India
- Contact: Tel: +91 40 6716 2222 | Email: cmr.ipo@kfintech.com
Financial Performance of CMR Green Technologies IPO
| KPI | Fiscal 2023 | Fiscal 2024 | Fiscal 2025 |
| Total Revenue (₹ Cr) | ₹5,889.90 | ₹5,968.44 | ₹6,696.66 |
| Total Expenses (₹ Cr) | ₹5,751.70 | ₹5,838.39 | ₹6,541.62 |
| Profit After Tax (PAT) (₹ Cr) | ₹104.51 | -₹838.56 | ₹155.04 |
| Total Assets (₹ Cr) | ₹3,351.66 | N/A | N/A |
Note: All figures are in ₹ Crore.
CMR Green Technologies Peer Comparison
According to the official prospectus, CMR Green Technologies Limited has no direct listed peers in India that match its exact corporate scale, functional footprint, and core business operations
Strengths and Opportunities of CMR Green Technologies IPO
- CMR Green Technologies operates 13 recycling and manufacturing facilities across India, giving it a strong presence near major industrial and automotive hubs.
- The company is one of the leading players in India's metal recycling industry and is well-positioned to benefit from rising demand for recycled aluminum and zinc alloys.
- Its extensive manufacturing footprint helps reduce logistics costs and enables efficient servicing of customers across different regions.
- CMR uses advanced technologies such as Laser-Induced Breakdown Spectroscopy (LIBS) and X-Ray Transmission (XRT) to improve scrap sorting accuracy and product quality.
- Strategic partnerships with global companies such as Toyotsu and Nikkei provide access to advanced technology, industry expertise, and international best practices.
- Growing vehicle production in India is expected to support demand for the company's recycled metal products, particularly in the automotive sector.
- The rapid expansion of the electric vehicle (EV) industry could create additional opportunities, as EV manufacturers increasingly use lightweight and recyclable materials.
Risks and Threats of CMR Green Technologies
- The company's profitability can be affected by fluctuations in global metal prices, as the pricing of its products is closely linked to international benchmarks such as the London Metal Exchange (LME).
- Since the IPO is entirely an Offer for Sale (OFS), CMR Green Technologies will not receive any fresh funds from the issue for business expansion or debt reduction.
- A large portion of the company's revenue comes from the automotive sector, making its performance sensitive to slowdowns in vehicle production and demand.
- The business relies heavily on a steady supply of domestic and imported metal scrap. Any disruptions caused by geopolitical events, trade restrictions, or supply chain issues could impact operations.
- The company has undergone multiple corporate restructurings and mergers in the past, which may increase regulatory and compliance complexities.
- CMR Green Technologies is involved in certain tax and legal proceedings. Any unfavorable outcome could have an adverse impact on its financial position.
- As a first-time public issue, the company has no listed-market track record, making it difficult for investors to assess post-listing price performance and stability.
