CMR Green Technologies Share Price Live

CMR Green Technologies Limited was incorporated in New Delhi as Grand Metal Industries Private Limited' dated August 23, 2005. Thereafter, pursuant to conversion to a Public Company, name of the Company was changed to Grand Metal Industries Limited', on May 28, 2020. Subsequently, the name was again changed to CMR Green Technologies Limited' following the Scheme of Arrangement and a a fresh Certificate of Incorporation dated August 11, 2021 issued to Company by the RoC. The Company is primarily focused on the recycling of aluminum, which involves processing of aluminium based metal scrap to manufacture aluminium alloys and supplying them both in liquid form as well as solid ingots, and on the manufacturing of zinc alloys. Additionally, the Company focus on segregation and recycling of other metals including stainless steel, copper and brass, and recycling of end-of-life vehicles by undertake dismantling, shredding and sorting of ELV parts. The Company presently operate through 12 manufacturing facilities of which, 10 facilities undertake aluminium recycling operations, targeted towards automotive manufacturing sector in India and overseas. It started supplying liquid aluminium, through manufacturing facilities in September 2008, and through partnership with Nikkei and Toyota Tsusho., also set up road transport in November 2013. It commenced supply of liquid aluminium in South India through CMRT in 2017, which was was 9,421.62 MT. In addition, it established a plant at Balasar, Gujarat in year 2020 through undertaking of business in dismantling of electric motors catering to local recycling industry and metal traders. The Company, Grand Metal Recycling Private Limited (GMRPL), Suvridhi Financial Services Limited (SFSL), Sanjivani Non Ferrous Trading Private Limited (SNFTPL), Ramayana Polymers Private Limited (RPPL), Forever Multimedia Private Limited (FMPL), Century Metal Recycling Limited (CMR and along with GMRPL, SFSL, SNFTPL, RPPL and FMPL, the Transferor Companies) and their respective shareholders filed a Scheme of Arrangement before the National Company Law Tribunal, Chandigarh (NCLT), which amalgamated into the Company, pursuant to its Order dated August 6, 2021 and consequently, the Scheme of Arrangement was effective on September 1, 2021. The Company is planning to come out with an initial public offer comprising raising of capital Rs 300 crore Equity Shares through fresh issue and 33,414,138 equity shares through offer for sale.