CMR Green Technologies IPO Listing: CMR Green Technologies made a strong stock market debut on June 10, with its shares listing at a sharp premium to the issue price of Rs 192 apiece.
CMR Green Technologies IPO Listing: Metal Recycler Sees Strong Start On D-Street, Shares Debut At 43% Premium
CMR Green Technologies IPO Listing: Shares of CMR Green Technologies got off to a robust start on Dalal Street on June 10, surpassing market expectations and delivering healthy gains to IPO investors. Here's a closer look at the listing performance
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On the NSE, the stock opened at Rs 268, a gain of Rs 76 or 39.58 per cent over the issue price. On the BSE, it listed at Rs 275.40, up Rs 83.40 or 43.44 per cent.
Ahead of listing, the grey market premium (GMP) for CMR Green Technologies stood at Rs 64.5 per share, implying an estimated listing price of around Rs 256.5 and an expected gain of 33.59 per cent over the issue price. The actual debut exceeded those expectations, particularly on the BSE where the stock opened more than 43 per cent above its IPO price.
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