CMR Green Technologies IPO Allotment Date: The Rs 631-crore IPO received bids for 2,92,75,44,594 shares against 2,30,43,930 shares on offer, as per NSE data.
CMR Green Technologies IPO Allotment Date: The initial public offer of CMR Green Technologies Ltd, a non-ferrous metal recycler, received a whopping 127 times subscription on the closing day of bidding on Friday, following strong participation from qualified institutional buyers and non-institutional investors.
The Rs 631-crore IPO received bids for 2,92,75,44,594 shares against 2,30,43,930 shares on offer, as per NSE data.
Among the investor categories, qualified institutional buyers (QIBs) received 270.46 times the subscription. The portion meant for non-institutional investors fetched 172.35 times subscription, and the quota for retail investors was subscribed 27.03 times.
The strong response to the IPO came in the backdrop of a largely bearish trend in the stock market this week.
CMR Green Technologies on Tuesday said it has garnered Rs 188.44 crore from anchor investors.
Investors can check whether shares have been allotted to them through the following methods:
How to Check CMR Green Technologies IPO Allotment Status
Investors can also check their allotment status on the BSE or NSE portal by:
Shares of CMR Green Technologies are tentatively scheduled to be listed on the stock exchanges on June 10.
CMR Green Technologies IPO: Details
The company set a price band of Rs 182-192 per equity share for the IPO.
The public offer was entirely an offer-for-sale (OFS) of up to 3.28 crore equity shares by promoters and an investor selling shareholder.
Faridabad-based CMR Green Technologies processes and manufactures aluminium alloys (ingot and liquid), zinc alloys and furnace-ready scrap of stainless steel, copper, brass, lead and magnesium, among others.
The company operates 13 recycling facilities across India and has built a procurement network spanning domestic markets as well as Asia, Africa, the Middle East, Europe and the Americas. Its customer base primarily comprises automotive original equipment manufacturers (OEMs) and Tier-I suppliers.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
