CMR Green Technologies Ltd.
CMRGREENMainboard
Ask IPO
Overview
CMR Green Technologies Limited is a leading Indian non-ferrous metal recycler focused on recycled aluminium alloys in ingot and liquid form, zinc alloy ingots, aluminium billets, and segregated furnace-ready scrap of stainless steel, copper, brass, zinc, lead and magnesium. CMR Green Technologies Limited operates 13 recycling facilities across key automotive and industrial clusters in India, serves OEMs and Tier 1 manufacturers, and has built capabilities in liquid aluminium supply, used beverage can recycling, and wrought alloy recycling. The business is supported by global raw material sourcing, strategic joint ventures with Japanese partners, and a strong sustainability position as a recycler enabling lower-carbon aluminium production.
Opening Date
Jun 03, 2026
Closing Date
Jun 05, 2026
Listing Date
Jun 10, 2026
IPO Type
Mainboard
IPO Status
Closed
Issue Size
630.88 Cr
Fresh Issue
0 Cr
Offer for Sale
630.88 Cr
Price Band
₹182 - ₹192
Lot Size
78
IPO Timeline
Financials
Revenue
Profit After Tax (PAT)
IPO Objective
The main objectives of the issue are...
- •
To carry out the offer for sale of up to 32,858,323 equity shares by the selling shareholders, enabling partial monetisation of their shareholding through the public market.
- •
To achieve listing of the equity shares on the stock exchanges, which is expected to provide a transparent market-determined platform for trading in the company’s shares.
- •
To enhance the company’s visibility, credibility and brand image among customers, suppliers, financial stakeholders and the wider market through a stock exchange listing.
- •
To provide liquidity to the existing shareholders and establish a public market for the equity shares in India, while broadening the company’s investor base.
Key Performance Indicator
P/E Ratio
27.13
EPS
7.08
ROE
0.1%
ROCE
9.3%
RONW
24.92%
Debt to Equity Ratio
—
PAT Margin
2.59%
EBITDA Margin
5.17%
P/B
9.17
SWOT Analysis
Strengths
- •
Leading non-ferrous metal recycler in India by installed capacity with a strong share in secondary aluminium and cast alloy automotive applications.
- •
Diversified pan-India manufacturing footprint across 13 facilities located near major automotive and industrial clusters, supporting efficient logistics and liquid aluminium delivery.
- •
Long-standing relationships with major OEMs and Tier 1 customers, supported by product quality, process controls, and repeat business.
- •
Strong ESG positioning with recycling-led low-carbon aluminium production, global scrap sourcing capabilities, and strategic Japanese joint venture partnerships.
Weaknesses
- •
Business is highly dependent on imported metal scrap, exposing operations to supply chain disruptions, freight costs, and foreign exchange volatility.
- •
Customer concentration remains meaningful, with a significant portion of revenue derived from top customers and the automotive segment.
- •
Profitability can be affected by commodity price fluctuations, hedging outcomes, and timing differences between raw material procurement and customer price resets.
- •
Operations involve significant working capital and borrowing requirements, reflected in sizable short-term debt and negative operating cash flow in some periods.
Opportunities
- •
Rising aluminium usage in electric vehicles, premium vehicles, and lightweight mobility solutions can increase demand for recycled cast and wrought alloys.
- •
Expansion into extrusion billets, rolled alloy applications, and used beverage can recycling broadens the addressable market beyond traditional automotive demand.
- •
Government support for circular economy, vehicle scrappage, battery waste management and non-ferrous recycling can strengthen formal recycling demand in India.
- •
Growing global preference for green and recycled aluminium offers opportunities with primary aluminium producers, packaging users, and export-oriented customers.
Threats
- •
Volatility in aluminium prices, scrap availability, and exchange rates can pressure margins and disrupt procurement economics.
- •
Competitive intensity from both organized and smaller regional recyclers may affect pricing, customer retention, and market share.
- •
Changes in environmental, customs, tax, or recycling regulations could raise compliance costs or affect imports of key raw materials.
- •
Economic slowdowns in automotive, construction, or industrial sectors may reduce demand for recycled metal products and impact capacity utilisation.
Subscription Rate
Frequently Asked Questions about CMR Green Technologies Ltd.
CMR Green Technologies Limited is a leading Indian non-ferrous metal recycler focused on recycled aluminium alloys in ingot and liquid form, zinc alloy ingots, aluminium billets, and segregated furnace-ready scrap of stainless steel, copper, brass, zinc, lead and magnesium. CMR Green Technologies Limited operates 13 recycling facilities across key automotive and industrial clusters in India, serves OEMs and Tier 1 manufacturers, and has built capabilities in liquid aluminium supply, used beverage can recycling, and wrought alloy recycling. The business is supported by global raw material sourcing, strategic joint ventures with Japanese partners, and a strong sustainability position as a recycler enabling lower-carbon aluminium production.
The CMR Green Technologies Ltd. IPO is scheduled to open for subscription on Jun 03, 2026 and close on Jun 05, 2026. Investors can apply for shares during this period through eligible platforms.
The price band for the CMR Green Technologies Ltd. IPO is ₹182 to ₹192. Investors can place bids within this range once the issue opens.
The minimum lot size for the CMR Green Technologies Ltd. IPO is 78 shares. The minimum investment amount ₹14,976.
The total issue size of the CMR Green Technologies Ltd. IPO is approximately ₹630.88. Issue size represents the total value of shares offered to the public.
As per the latest available information, the CMR Green Technologies Ltd. IPO has been subscribed 9.66 times. Subscription levels can change significantly during the offer period.
The Grey Market Premium (GMP) for the CMR Green Technologies Ltd. IPO is not available as of now. GMP reflects unofficial market sentiment and should not be considered a guarantee of listing performance.
The shares of CMR Green Technologies Ltd. are expected to list on stock exchanges on Jun 10, 2026, subject to completion of the allotment process and regulatory approvals.
The net proceeds from the CMR Green Technologies Ltd. IPO are proposed to be used for The main objectives of the issue are..., To carry out the offer for sale of up to 32,858,323 equity shares by the selling shareholders, enabling partial monetisation of their shareholding through the public market., To achieve listing of the equity shares on the stock exchanges, which is expected to provide a transparent market-determined platform for trading in the company’s shares., To enhance the company’s visibility, credibility and brand image among customers, suppliers, financial stakeholders and the wider market through a stock exchange listing., To provide liquidity to the existing shareholders and establish a public market for the equity shares in India, while broadening the company’s investor base.
Before applying for the CMR Green Technologies Ltd. IPO, investors generally review the company’s business model, financial performance, valuation, industry outlook, and risk factors mentioned in the offer document.
