CMR Green Technologies IPO achieved huge 127x subscription
Share allotment status gets finalised online on June 8
Company shares will debut on stock exchanges June 10
CMR Green Technologies IPO achieved huge 127x subscription
Share allotment status gets finalised online on June 8
Company shares will debut on stock exchanges June 10
CMR Green Technologies IPO subscription window closed earlier last week on June 5. The metal recycling company’s public issue garnered strong demand in the three-day bidding window as it was booked over 127 times across categories.
Following the closing of the bidding window the share allotment status of CMR Green Technologies IPO will be finalised on June 8.
The grey market premium (GMP) for CMR Green Technologies shares is Rs 71 per share ahead of the finalisation of allotment. The GMP for CMR Green Technologies’ unlisted shares hints at a strong D-street debut at Rs 263 apiece with a premium of 36.98 per cent, as per websites which track the demand for unlisted shares in the grey market.
Primary market investors who have applied for CMR Green Technologies IPO can check the share allotment status of their application on the registrar Kfin Technologies Ltd website. CMR Green Technologies IPO share allotment status can also be checked on the BSE and NSE websites:
Go to the NSE website via this link
https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
Select ‘Equity IPO bid details’
Choose for 'CMR Green Technologies' from the list of IPOs
Type in your IPO application number
Click the 'submit' button
The allotment status of your application for CMR Green Technologies IPO will be shown
Visit the IPO application status viewing webpage on BSE’s website
https://bseindia.com/investors/appli_check.aspx.
Several issue types will be displayed on your screen
Choose ‘Equity’ from the menu shown on screen
Select 'CMR Green Technologies' from list of IPOs
Input your IPO application number or PAN details
Select 'Search'
The share allotment status will be shown on screen
Visit the official KFin Technologies IPO allotment page.
Select CMR Green Technologies Limited from the dropdown list of IPOs.
Type in either your PAN number, IPO Application number, or Demat / DP Client ID.
Enter the selected details accurately
Click the 'Search' or 'Submit' button
The allotment status of CMR Green Technologies IPO will be shown and the number of shares allotted will be displayed.
CMR Green Technologies IPO was booked 127.04 times on the final day of bidding as investors across categories applied for over 2,927.5 million shares compared to the 23.04 million shares offered for subscription.
CMR Green Technologies IPO saw decent demand in the retail category and was subscribed 27.03 times as investors placed bids for over 309.5 million shares against the 11.45 million shares set aside for the category.
Non-institutional investors (NIIs) applied for over 845.7 million shares of CMR Green Technologies compared to the 4.90 million offered for subscription for the category, leading to the mainboard issue being booked 172.35 times.
Qualified institutional buyers (QIBs) oversubscribed their quota in the CMR Green Technologies IPO 270.46 times. QIB investors placed bids for over 1,769.6 million shares compared to the 6.54 million shares reserved for them.
Employees of the company bid for 2.66 million shares of CMR Green Technologies Ltd compared to the 1,43,678 shares set aside for the category leading to the issue being booked 18.53 times.
CMR Green Technologies IPO is worth Rs 630.88 crore and consists of an offer-for-sale of 32.9 million shares. CMR Green Technologies IPO price band was fixed at Rs 182 to Rs 192 per share. The minimum lot size for retail individual investors interested in applying for CMR Green Technologies IPO was fixed at 1 lot or 78 shares aggregating to an investment of Rs 14,976.
Once the basis of allotment for CMR Green Technologies IPO is finalised on June 8, refunds will be initiated for unsuccessful bidders on June 9. Successful allottees will receive shares of the company in their demat accounts on June 9 as well. Shares of CMR Green Technologies will debut on the NSE and BSE. CMR Green Technologies shares will make their Dalal Street debut on June 10.