CMR Green Technologies IPO
Bookbuilding IPO | ₹631.00 Cr | Listing at BSE, NSE
Upcoming
IPO Open
Wed, Jun 03, 2026
IPO Close
Fri, Jun 05, 2026
Price Band
₹182.00 to ₹192.00
Market Cap (Pre-IPO)
₹4,205.87 Cr
IPO Details
| IPO Date | Jun 03, 2026 to Jun 05, 2026 |
| Listing Date | Tentative: Jun 10, 2026 |
| Face Value | ₹2.00 per share |
| Price Band | ₹182.00 to ₹192.00 |
| Lot Size | 78 Shares (Minimum: ₹14,976.00) |
| Sale Type | Offer For Sale |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Issue Size | ₹631.00 Crores |
| Total Shares Offered | 32,858,323 shares |
| Fresh Issue | 32,858,323 shares |
| Offer For Sale | 32,858,323 shares |
CMR Green Technologies IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Net Offer |
CMR Green Technologies IPO Lot Size
Investors can bid for a minimum of 78 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 78 | ₹14,976 |
| Retail (Max) | 13 | 1,014 | ₹194,688 |
| S-HNI (Min) | 14 | 1,092 | ₹209,664 |
| S-HNI (Max) | 66 | 5,148 | ₹988,416 |
| B-HNI (Min) | 67 | 5,226 | ₹1,003,392 |
CMR Green Technologies Financial Information (Restated Consolidated)
| Period Ended | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 3,650.58 | 2,815.86 | 2,194.41 | 3,351.66 |
| Total Income | 6,291.00 | 6,696.66 | 5,968.44 | 5,889.00 |
| Profit After Tax | 162.39 | 155.04 | -838.56 | 104.51 |
| EBITDA | 316.62 | 328.62 | -705.98 | 229.26 |
| NET Worth | 594.18 | 458.38 | 317.54 | 1,195.19 |
| Reserves and Surplus | 1,464.64 | 1,328.84 | 1,187.99 | 2,064.76 |
| Total Borrowing | 1,303.22 | 894.03 | 498.65 | 368.19 |
Amount in ₹ Cr
Key Performance Indicators
As of Monday, March 31, 2025| KPI | Values |
|---|---|
| ROE (Return on Equity) | 0.11% |
| ROCE (Return on Capital Employed) | 11.04% |
| Debt/Equity | 0.59 |
| RoNW (Return on Net Worth) | 31.08% |
| PAT Margin (Profit After Tax Margin) | 2.32% |
| EBITDA Margin | 4.56% |
| Price to Book Value | 9.17 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 7.08 | 9.88 |
| P/E (x) | 27.13 | 19.42 |
| Promoter Holding | 86.95% | 84.00% |
Company Promoters
- Mohan Agarwal
- Pratibha Agarwal
- Akshay Agarwal and Raghav Agarwal.
Company Overview
CMR Green Technologies – Company Overview
- Incorporated in 2006, CMR Green Technologies Limited is engaged in the non-ferrous metal recycling and secondary aluminium business, specializing in aluminium and zinc die-casting alloys.
Core Segments
- Recycled Aluminium Alloys: Aluminium ingots and liquid metal
- Metal Recycling: Copper, brass, zinc, lead, magnesium, and stainless-steel scrap processing
- Aluminium Billets: Products for automotive and industrial applications
- The company manufactures recycled aluminium alloys in ingot and liquid form, along with zinc alloy ingots and furnace-ready segregated scrap materials.
- Its aluminium billets cater to both automotive and non-automotive industries, supporting manufacturing and industrial applications.
- The company serves leading automotive OEMs and Tier-1 suppliers including Honda Cars India, Bajaj Auto, Hero MotoCorp, Royal Enfield, Maruti Suzuki, and Jindal Stainless.
Product Portfolio
- Aluminium Ingots
- Liquid Metal
- Aluminium Billets
- Copper Scrap
- Brass Scrap
- The company focuses on sustainable metal recycling, circular economy practices, and supplying recycled raw materials to manufacturing industries.
- As of December 31, 2025, the company had 784 permanent employees and 3,956 contractual workmen.
Company Strengths
- Leading recycler in the domestic aluminium recycling industry in India with significant entry barriers, also positioned as a critical enabler of the aluminium industry’s decarbonization imperative.
- Leading supplier of liquid aluminium alloy
- Strong and diversified supplier base for sourcing raw materials
- Long-standing relationships with our customers
- Strategic alliances through joint ventures
- Facilities, technology, quality processes and engineering expertise
CMR Green Technologies IPO Peer Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| CMR Green Technologies Ltd. | 6.50 | 6.50 | 20.93 | - | 31.08 | - | - |
| Pondy Oxides and Chemicals Ltd. | 22.03 | 21.08 | 210.82 | 62.64 | 9.79 | - | - |
| Gravita India Ltd. | 45.11 | 45.11 | 280.44 | 37.36 | 15.12 | - | - |
| Baheti Recycling Industries Ltd. | 17.37 | 17.37 | 57.02 | 34.59 | 30.46 | - | - |
| Jain Resource Recycling Ltd. | 7.11 | 7.11 | 22.44 | 76.20 | 30.52 | - | - |
Quick Info
| Sector | non-ferrous metal recycling and automobile auxiliary |
| Exchange | BSE, NSE |
| Market Cap (Pre-IPO) | ₹4,205.87 Cr |
Important Dates
| IPO Open | Jun 03, 2026 |
| IPO Close | Jun 05, 2026 |
| Allotment Date | Jun 08, 2026 |
| Credit to Demat | Jun 09, 2026 |
| Listing Date | Tentative: Jun 10, 2026 |
Lead Manager(s)
Equirus Capital Pvt.Ltd.
Registrar
Kfin Technologies Ltd.
04067162222, 04079611000
Description
- IPO Type: Book build issue aggregating to ₹630.88 crores.
- Issue Structure: Entirely an Offer for Sale (OFS) of 3.29 crore shares totaling ₹630.88 crores.
- IPO Dates: The issue opens on June 3, 2026 and closes on June 5, 2026.
- Allotment Date: Expected to be finalized on June 8, 2026.
- Listing Details: Shares are proposed to be listed on National Stock Exchange of India (NSE) and BSE Limited (BSE) with a tentative listing date of June 10, 2026.
- Retail Investment Requirement: Minimum 1 lot (78 shares) amounting to approximately ₹14,976 (at upper price band).
- sNII Investment Requirement: Minimum 14 lots (1,092 shares) totaling around ₹2,09,664.
- bNII Investment Requirement: Minimum 67 lots (5,226 shares) totaling around ₹10,03,392.
- IPO Price Band: ₹182 to ₹192 per equity share.
- Lot Size: 78 shares per lot.
This IPO offers investors an opportunity to participate in the recycling and green technology sector, subject to market risks.