CMR Green Technologies IPO Opens Today, GMP ₹63, Price Band Details

CMR Green Technologies IPO has opened for public subscription today, June 3, 2026. The mainboard IPO has attracted strong attention from retail and institutional investors due to its healthy grey market premium, strong position in metal recycling, and participation from major anchor investors. With a GMP of ₹63 and a total issue size of ₹630.88 crore, investors are closely tracking subscription trends over the next three days. 

CMR Green Technologies IPO: Key Dates, Price Band, and Issue Size

• IPO opens today: June 3, 2026, and closes on June 5, 2026. Listing is expected on June 10, 2026. 
• Price band fixed: ₹182 to ₹192 per equity share. Investors applying at the upper band will pay ₹192 per share. 
• Issue size: ₹630.88 crore through an Offer For Sale of 3.28 crore shares. There is no fresh issue component in this IPO.
• Minimum investment: One lot consists of 78 shares, requiring an investment of ₹14,976 at the upper price band. 

CMR Green Technologies IPO GMP Signals Strong Market Interest

₹63 in the grey market, indicating a potential listing price near ₹255 per share. This implies a premium of about 32.8 percent over the upper price band of ₹192. GMP remains unofficial and can change before listing. 

Why is GMP important?

A higher GMP generally reflects positive investor sentiment before listing. However, investors should also evaluate business fundamentals, financial performance, and valuation instead of relying only on GMP. 

Investors Also Ask: What Does CMR Green Technologies Do?

CMR Green Technologies is one of India’s leading non-ferrous metal recycling companies. The company manufactures recycled aluminium alloys, zinc alloys, billets, and metal products used by automotive OEMs and industrial customers. It operates in the growing secondary aluminium industry, which benefits from rising demand for sustainable manufacturing. 

Revenue and earnings snapshot:

Revenue stood at ₹4,638.10 crore in FY25, while profit after tax was ₹96.09 crore. Industry observers have highlighted continued demand from the automotive sector and increasing use of recycled metals. 

Anchor Investors and Market Response to CMR Green Technologies IPO

• Anchor book success: The company raised ₹188.4 crore from anchor investors before the IPO opening. 
• Institutional participation: Investors included major names such as SBI Mutual Fund and ICICI Prudential Mutual Fund, adding credibility to the issue. 
• Market coverage: Financial media outlets such as Live Mint and other market trackers have highlighted the IPO’s strong grey market activity and anchor demand ahead of subscription.

CMR Green Technologies IPO Analyst Review

CMR Green Technologies IPO enters the market with several positive factors. The company operates in a sector benefiting from sustainability trends and increasing demand for recycled aluminium. The ₹630.88 crore issue has already received strong institutional backing through a ₹188.4 crore anchor allocation. A GMP of ₹63 indicates healthy market interest and suggests a potential listing premium if sentiment remains stable. 

At the same time, investors should note that the issue is entirely an Offer For Sale, meaning the company will not receive fresh capital from the IPO. Analysts also point to customer concentration and dependence on aluminium-related revenue as factors to monitor. For investors seeking exposure to India’s recycling and circular economy theme, the IPO offers an opportunity, but investment decisions should be based on valuation, risk profile, and long-term business prospects rather than GMP alone.

Disclaimer

The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.