Key Points
CMR Green Technologies IPO closes June 5 at ₹192 upper band; ₹630.88 crore pure OFS listing June 10 on BSE and NSE.
NII category hit 10.08x by Day 2; overall subscription crossed 9.5x with QIB final-hour bids still pending.
GMP held at ₹68 on June 4, implying a a 35% listing gain and an estimated listing price of ₹260 per share.
CMR holds a 42–45% share in India's cast alloy automotive segment with 615,150 MTPA capacity across 13 facilities.
Today is the last day to bid for the CMR Green Technologies IPO, and the numbers heading into the close are compelling. The ₹630.88 crore book-built mainboard IPO is entirely an offer for sale of 3.29 crore equity shares by existing shareholders, meaning the company itself receives no proceeds.
The price band is fixed at ₹182–₹192 per share, with a minimum lot size of 78 shares and a minimum investment of ₹14,976 at the upper end. By the end of Day 2, the issue had crossed 9.5x oversubscription with NII demand leading the charge. The GMP stood at ₹68 on June 4, implying a potential listing gain of 35% over the upper price band of ₹192, which translates to an estimated listing price of ₹260.
IPO Structure and Key Dates
Before the final rush closes, here is everything that matters about the CMR Green Technologies IPO at a glance:
- Issue size: ₹630.88 crore | Pure OFS—zero fresh capital raised
- Price band: ₹182–₹192 per share
- Lot size: 78 shares | Minimum investment: ₹14,976
- Subscription window: June 3–5, 2026
- Anchor allocation: ₹188.4 crore raised from 18 anchor investors at ₹192 per share, allotting 98.14 lakh equity shares ahead of the IPO opening
- Allotment date: June 8, 2026
- Listing date: June 10, 2026, on both BSE and NSE
- Book running lead managers: Equirus Capital, ICICI Securities, Motilal Oswal Investment Advisors
- Registrar: KFin Technologies
Subscription Status: Category by Category
By Day 2 at 11:50 AM, the NII category had booked 10.08x, with bids for 4.94 crore shares against 49.07 lakh reserved. Retail individual investors oversubscribed 4.33x, with 4.95 crore shares bid against 1.14 crore allotted. QIB participation remained subdued through Day 2 at 0.05x, a pattern common in mainboard IPOs where institutional buyers deploy capital in the final hours of the subscription window. Final Day 3 numbers will confirm the total close.
| Category | Quota | Day 2 Subscription |
| QIB | 50% | 0.05x (final hours pending) |
| NII | 15% | 10.08x |
| Retail (RII) | 35% | 4.33x |
| Overall | — | ~9.5x |
About CMR Green Technologies
CMR Green Technologies is not a speculative play; the business has a clear industrial moat.
The company holds an estimated 42–45% market share in the cast alloy automotive segment in India as of FY25, with installed capacity approximately four times larger than that of its nearest domestic competitor in the recycled aluminum space.
- 13 recycling facilities across Haryana, Gujarat, Maharashtra, Tamil Nadu, Rajasthan, Uttarakhand, Odisha, and Andhra Pradesh
- Combined installed production capacity of 615,150 MTPA as of March 31, 2026
- Revenue from operations: ₹5,868.51 crore (FY23) → ₹5,952.44 crore (FY24) → ₹6,666.48 crore (FY25)
- Key customers include leading automotive OEMs—the top 3 customers contributed 22.98% of FY25 revenue
- Valuation metrics: P/E 19.42 | EPS ₹9.88 | P/B 9.17 | RoNW 24.92% | Market cap ₹4,205.87 crore
The automotive sector link matters here. Companies like Maruti Suzuki (NSE: MARUTI), Tata Motors (NSE: TATAMOTORS), and Mahindra & Mahindra (NSE: M&M) are the end-market buyers for CMR’s recycled aluminum and zinc alloys. The push toward lightweight vehicle components and EV platforms across these OEMs structurally supports CMR’s demand pipeline well beyond FY26.
GMP Trend and Listing Expectations
The GMP peaked at ₹67 on June 3, its highest point since the IPO was announced, against a low of ₹25 on May 30. As of June 4, GMP was held at ₹68, signaling a potential 35% listing gain and an estimated listing price of ₹260 on June 10.
GMP is unregulated and not a guaranteed indicator, but a sustained ₹60+ GMP across three consecutive days with a 9.5x subscription heading into Day 3 is a strong combined signal of market sentiment. The listing on June 10 will be the ultimate test. Track allotment status from June 8 at kfintech.com and live subscription data at nseindia.com.
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.
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