CMR Green IPO Day 2: GMP ₹63 (+₹13)
Welcome back to our daily deep dive into the CMR Green IPO! We’re now at the close of Day 2 of its subscription period, and things are certainly heating up, especially in the grey market. While the subscription numbers are yet to reflect the full market sentiment, the Grey Market Premium (GMP) has seen a significant jump, giving us a clearer picture of investor appetite. Let’s break down what’s happening and what it means for you.
| Date | GMP | Est. Listing |
|---|---|---|
| 09 Jun | +₹65 | ₹257 |
| 08 Jun | +₹65 | ₹257 |
| 06 Jun | +₹70 | ₹262 |
| 05 Jun | +₹70 | ₹262 |
| 04 Jun | +₹63 | ₹255 |
Subscription Status
As of the end of Day 2, the subscription figures for the CMR Green IPO are showing 0x across all categories: Retail, Non-Institutional Investors (NII), and Qualified Institutional Buyers (QIB). This might seem concerning at first glance, but it’s not entirely unusual for the initial days of an IPO. Often, the bulk of subscriptions, especially from retail investors, come in on the final day. QIB and NII subscriptions can also be strategic, with many institutions waiting until the last moment to gauge overall demand and potentially secure their allocation. The low numbers right now don’t necessarily signal a lack of interest; it’s more about the timing of when investors typically place their bids. The lot size is 78 shares, so keep that in mind when you look at the potential investment amounts.
| Date | Retail | NII | QIB | Total |
|---|---|---|---|---|
| 05 Jun | 27.01x | 172.33x | 270.46x | 127.03x |
| 04 Jun | 7.91x | 21.80x | 3.45x | 9.59x |
| 03 Jun | 2.45x | 5.67x | 0.03x | 2.45x |
GMP Update
Now, let’s talk about the Grey Market Premium (GMP). This is where the excitement is really building! Yesterday, the GMP for CMR Green was hovering around ₹50. Today, it has surged to a robust ₹63, marking an impressive increase of ₹13. This upward trend in GMP is a strong indicator of positive investor sentiment and anticipation for a strong listing. A GMP of ₹63 suggests that the market is currently valuing CMR Green at approximately ₹245 per share (Issue Price of ₹182 + GMP of ₹63). This is a healthy premium and certainly catches the eye.
Interestingly, this increase in GMP despite zero subscription numbers shows that the market is looking beyond the immediate subscription data. Investors are likely factoring in the company’s fundamentals, its industry prospects, and the overall market conditions. This jump is encouraging and suggests that even if the subscription numbers are slow to pick up, the underlying demand might be stronger than what the official figures currently reveal.
Should You Apply?
So, the million-dollar question: should you be applying for the CMR Green IPO? The data presents a mixed, yet leaning towards positive, picture. On one hand, the subscription numbers are still at zero, which means you won’t be battling a fully subscribed issue just yet. This gives you ample opportunity to apply. On the other hand, the GMP has shown a significant upward movement, indicating strong aftermarket demand. An expected listing price of ₹245, derived from the issue price and the current GMP, offers a good potential return. Remember, the IPO period is from 2026-06-03 to 2026-06-05, so you still have time to make your decision. As always, it’s prudent to consult with SEBI registered investment advisors and conduct your own thorough research before making any investment decisions. The bottom line is that the rising GMP is a compelling factor, but it’s wise to consider the subscription trajectory on the final day as well.