Summary of this article
CMR Green Tech IPO opens for subscription on June 3
The public issue consists entirely of an offer for sale
Company reported a net profit of Rs 155 crore
CMR Green Technologies is set to launch its public issue on June 3. Ahead of the opening of the subscription window, the company has announced its price band. Here’s a look at some key details related to the company’s public issue, which investors should know before applying:
CMR Green Tech IPO: Price Band And Lot Size
The price band for the public issue has been fixed in the range of Rs 182 to Rs 192 per equity share, with a face value of Rs 2 each. Investors can bid for a minimum of 78 shares or 1 lot and in multiples of 78 shares. The minimum investment required for a retail investor stands at Rs 14,976 at the upper end of the price band.
An individual retail applicant can apply for a maximum of 13 lots (1,014 shares), totaling Rs 1,94,688. On the other hand, High Net-worth Individuals (HNIs) can place bids by applying for a minimum of 14 lots (Rs 2,09,664) for the s-HNI category and 67 lots Rs 10,03,392 for the b-HNI category.
CMR Green Tech IPO: Offer Size, Allotment Date, Listing Date
The metal recycling company’s public issue amounts to Rs 630.88 crore. The public issue consists entirely of an Offer for Sale (OFS) of 32.9 million shares. The selling shareholders include promoter Mohan Agarwal, who will pare up to 4.95 million shares, and promoter group entities Gauri Shankar Agarwala HUF and Mohan Agarwal HUF, which will pare up to one million shares and five lakh shares, respectively. Investor selling shareholder Global Scrap Processors is likely to pare up to 26.39 million shares.
CMR Green Tech IPO: Key Financials
According to the restated financial statement, the company's financial results for the financial year ended March 31, 2025, its total income reached Rs 6,696.66 crore, growing by 12 per cent from Rs 5,968.44 crore in FY24. CMR Green Tech posted a Profit After Tax (PAT) of Rs 155.04 crore in FY25, compared to a net loss of Rs 838.56 crore in FY24.
CMR Green Tech: Business Model
CMR Green Technologies is a large-scale non-ferrous metal recycler in India. The company specialises in manufacturing premium aluminium and zinc die-casting alloys. The company has 13 manufacturing units, which are located across northern, western, and southern India. The company’s products are used by automotive manufacturing giants such as Hero MotoCorp, Bajaj Auto, and Honda Cars India.
CMR Green Tech: Competitors
According to the RHP, the company’s primary listed peers operating in the domestic industry include Baheti Recycling Industries Ltd (BRIL) and Pondy Oxides & Chemicals Ltd (POCL).
CMR Green Tech IPO: Should You Apply?
Ahead of the opening of the bidding window, investors must consider the balancing trade-offs mentioned in the RHP:
CMR Green Tech: Key Risks
The company depends on a number of customers for a significant portion of its revenue, with its top three customers accounting for 20.93 per cent and its top five customers accounting for 32.53 per cent of consolidated revenue during the year ended December 31, 2025.
The company added that it depends heavily on repeat orders from its client base, thus any drop in volumes or loss of customers could materially impact revenue and cash flows.
The company faces structural margin risk, as its spreads and overall profitability rely closely on volatile global scrap prices and underlying London Metal Exchange (LME) dynamics.
CMR Green Tech: Key Strengths
The recycler claims to have a strong market presence as one of the significant organized players in the domestic metal recycling and recovery sector.
The company maintains a well-distributed network of 13 manufacturing and recycling facilities distributed across key industrial automotive zones in India.
The firm claims it has long-term operational relationships with major domestic auto clients, ensuring high rates of repeat business.
CMR Green Tech IPO: Objective
As the public issue is structured as an OFS, CMR Green Technologies will not receive any proceeds. The company plans to achieve the benefits of listing its shares on the stock exchanges and enhancing corporate visibility.
