Founded in 2005, CMR Green Technologies is one of India's leading non-ferrous metal recycling companies. The company manufactures recycled aluminium alloys, zinc alloys, aluminium billets, and processed metal scrap. Its primary customers include automotive OEMs and Tier-1 automotive suppliers. The business is positioned to benefit from increasing demand for sustainable manufacturing and recycled materials.
Issue Size: ₹630.88 Crore
Price Band: ₹182 – ₹192 per share
Lot Size: 78 Shares
Minimum Investment: ₹14,976
IPO Opens: June 3, 2026
IPO Closes: June 5, 2026
Tentative Listing: June 10, 2026
Exchange: NSE & BSE
Issue Type: 100% Offer for Sale (OFS)
Global manufacturers are increasingly focusing on sustainability and circular economy practices. Recycled aluminium requires significantly less energy than primary aluminium production, making recycling businesses strategically important for future industrial growth. CMR is well-positioned to benefit from this trend.
The company has reported revenues exceeding ₹4,600 crore in FY25, demonstrating its large operational scale and established market presence.
The IPO has witnessed strong subscription demand and a healthy Grey Market Premium (GMP), indicating positive investor sentiment ahead of listing. Recent reports suggest a GMP implying potential upside over the issue price, although GMP is unofficial and should not be the sole investment criterion.
As India's automobile and electric vehicle sectors expand, demand for recycled aluminium alloys is expected to increase, creating long-term growth opportunities for the company.
One of the biggest concerns is that the IPO is entirely an Offer for Sale. This means the company itself will not receive fresh capital from the issue. The proceeds will go to existing shareholders selling their stake.
The company's profitability is influenced by aluminium and other non-ferrous metal prices. Sharp commodity price fluctuations can impact margins.
More than 80% of revenue is linked to recycled aluminium products. Heavy dependence on a single product category creates concentration risk.
A significant portion of revenue comes from a limited number of customers. Any reduction in business from major clients could impact financial performance.
The IPO has generated strong investor interest, healthy subscription figures, and positive GMP trends. Investors seeking potential listing gains may consider applying, subject to their risk appetite.
Long-term investors may find the company attractive because of its leadership in the recycling sector and exposure to sustainability-driven growth. However, investors should remain mindful of commodity price volatility and the fact that the issue is a pure OFS.
Applying for the CMR Green Technologies IPO through ATS Share Brokers is simple:
Open or log in to your ATS Demat & Trading Account.
Navigate to the IPO section in the ATS trading platform.
Select "CMR Green Technologies IPO".
Enter the number of lots you wish to apply for.
Confirm the UPI ID linked to your bank account.
Submit your application.
Approve the UPI mandate request received on your UPI app.
Track allotment status and listing updates directly through ATS.
CMR Green Technologies offers investors exposure to India's growing recycling and sustainable manufacturing ecosystem. Strong subscription demand and positive market sentiment support its near-term prospects. However, investors should carefully evaluate the OFS structure, commodity exposure, and customer concentration risks before investing.
For investors comfortable with moderate risk and looking to participate in India's green manufacturing story, CMR Green Technologies is an IPO worth considering.