CMR Green Technologies IPO 2026 – Should You Apply? Full Review & GMP Update
Sterline Capital
Market Research Team
CMR Green Technologies IPO Details at a Glance
| IPO Feature | Details |
| IPO Open Date | June 3, 2026 |
| IPO Close Date | June 5, 2026 |
| Price Band | ₹182 – ₹192 per share |
| Lot Size | 78 Shares |
| Minimum Investment (Retail) | ₹14,976 (1 lot) |
| Total Issue Size | ₹630.88 Crore |
| Issue Type | Complete Offer for Sale (OFS) |
| Listing On | BSE & NSE |
| Listing Date (Tentative) | June 10, 2026 |
Current GMP & Market Sentiment (Live Update) :
| GMP Parameter | Value |
| Current GMP | ₹49 - ₹58 per share |
| Estimated Listing Price | ₹241 - ₹250 per share |
| Expected Listing Gains | 25% - 30% |
⚠️ Important Note: GMP (Grey Market Premium) is market speculation and not an official indicator. Prices can change quickly based on demand and market sentiment. Contact Sterline Capital for the latest live GMP updates and best rates for unlisted shares.
Anchor Investors – Strong Institutional Interest :
Marquee investors included
- SBI Mutual Fund
- ICICI Prudential Mutual Fund
- HDFC Mutual Fund
- Goldman Sachs Funds
- BNP Paribas Funds
- Bajaj Allianz Life Insurance
- Citigroup Global Markets Mauritius
Out of the total anchor allocation, 61.31 lakh shares went to 7 domestic mutual funds through 10 schemes – a strong vote of confidence from institutional investors.
About CMR Green Technologies – Company Overview :
Incorporated in 2006, CMR Green Technologies Limited is one of India's leading non-ferrous metal recycling companies. The company specialises in manufacturing:
- Recycled aluminium alloys (ingot and liquid form)
- Zinc alloy ingots
- Aluminium billets for automotive and industrial applications
- Furnace-ready scrap of stainless steel, copper, brass, zinc, lead, and magnesium
The company claims the highest market share in the Indian secondary aluminium market in terms of revenue, with installed capacity nearly four times that of its closest competitor.
Major Customers :
CMR Green supplies to leading automotive OEMs and Tier-1 component manufacturers including:
- Honda Cars India
- Bajaj Auto
- Hero MotoCorp
- Royal Enfield
- Maruti Suzuki
- Endurance Technologies
- Jindal Stainless
Financial Performance :
| Particulars | 9M FY26 | FY25 | FY24 | FY23 |
| Revenue from Operations | ₹6,291 Cr | ₹6,666 Cr | ₹5,952 Cr | ₹5,868 Cr |
| Profit After Tax | ₹162 Cr | ₹155 Cr | (₹838 Cr)* | ₹104 Cr |
| EBITDA Margin | 5.17% | 4.56% | 3.65% | 3.53% |
| RoNW | 24.92% | 31.08% | (265.90%) | 8.17% |
*FY24 loss due to exceptional items
Strengths – Why CMR Green Stands Out :
- Market Leadership: Largest installed capacity in domestic recycled aluminium segment
- Liquid Aluminium Pioneer: Patented transportation systems for just-in-time delivery
- Global Sourcing Network: 73 countries for raw material procurement
- Long-term Client Relationships: Major automotive OEMs as repeat customers
- Sustainability Focus: Strong ESG compliance supporting circular economy
Risks to Consider :
- Complete OFS Issue: Company receives no proceeds; only selling shareholders benefit
- Debt Increasing: Debt to equity ratio rose from 0.15 (FY23) to 0.76 (Dec 2025)
- Low Margins: EBITDA margin ~5%, which is relatively thin
- Customer Concentration: Business dependent on select large automotive clients
- FY24 Loss: Company reported loss in FY24 (though exceptional items impacted)
Should You Apply for CMR Green Technologies IPO?
Apply for Listing Gains If:
- You are a short-term investor looking for listing day profits
- Strong anchor investor participation and rising GMP indicate positive sentiment
- Industry tailwinds from government policies support the business
Avoid/Be Cautious If:
- You are a long-term fundamental investor – whole OFS means no fresh capital for company growth
- Low margins and increasing debt concern you
- Previous year loss (FY24) is a red flag for you
IPO Timeline -
| Event | Date |
| IPO Opens | June 3, 2026 |
| IPO Closes | June 5, 2026 |
| Basis of Allotment | June 8, 2026 |
| Refunds Initiation | June 9, 2026 |
| Share Credit to Demat | June 9, 2026 |
| Listing Date (Tentative) | June 10, 2026 |
Frequently Asked Questions (FAQs) :
Q1: What is the lot size of CMR Green Technologies IPO?
Answer: 78 shares per lot. Minimum investment ₹14,976 at upper price band.
Q2: What is the current GMP of CMR Green Technologies?
Answer: As of June 3, GMP is approximately ₹49-58 per share, indicating ~25-30% listing gains. Contact Sterline Capital for live updates.
Q3: Is CMR Green Technologies IPO worth applying?
Answer: Good for listing gains due to strong GMP and anchor investor interest. Long-term investors should be cautious as the entire issue is OFS and margins are low.
Q4: When will CMR Green Technologies list on stock exchanges?
Answer: Tentative listing date is June 10, 2026 on BSE and NSE.
Q5: Where can I buy CMR Green unlisted shares?
Answer: Contact Sterline Capital for unlisted share deals. We offer the best rates in the market. 📞 +91 92890 38474
Conclusion :
CMR Green Technologies IPO has generated strong buzz with impressive anchor investor participation and rising GMP. The company operates in a growing industry with government backing. However, the complete OFS structure and low margins are concerns for long-term investors.
For listing gains: Consider applying.
For long-term investment: Be cautious; consider tracking post-listing performance first.
Want to Buy Unlisted Shares?
Contact Sterline Capital – We offer the best rates in the market for unlisted shares including NCDEX, NSE, Zepto, OYO, and more.
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