Strong Response To CMR Green IPO
The three-day issue received strong response from investors despite the market volatility.
The portion reserved for institutional investors or Qualified Institutional Bidders (QIBs) was subscribed 270 times the total number of shares reserved for them.
Non-Institutional Investors or NIIs placed bids for 172 times the total number of shares reserved for them, while retail investors, which have mostly stayed away from IPOs this year due to the market conditions also bid for 27 times the total number of shares reserved for them.
The retail subscription was the third highest among the 21 IPOs that have been completed so far in 2026.
Overall, the ₹631 crore issue saw overall subscription of 127x.
The CMR Green IPO
The entire ₹631 crore IPO was an offer for sale (OFS), which means the company will not receive any proceeds from this issue.
The company had also issued 98.14 lakh equity shares to anchor investors, which included SBI MF, Goldman Sachs, ICICI Prudential MF, HDFC MF, Nippon India MF, Abakkus MF among others.
What Is The CMR Green GMP Indicating?
Ahead of its listing, the CMR Green IPO’s rate in the unlisted market is commanding a premium of ₹66 per share compared to the issue price.
It must be noted that the grey market rates are speculative in nature and the original listing price could differ from what the GMP rates are suggesting.
What Does CMR Green Do?
CMR Green Technologies is the largest player in the domestic Aluminium recycling industry. During financial year 2025, the company had a market share between 10% to 12% in the domestic recycled aluminium industry.
