CMR Green IPO GMP Today, Price & Details
CMR Green IPO GMP Today, Price Band, Subscription Status, Allotment & Listing Details
About CMR Green
CMR Green Technologies is India's largest producer of aluminium alloys made from recycled scrap — a low-profile industrial business that quietly supplies the country's auto sector. It converts aluminium scrap into alloy ingots used in engine and structural components, so its fortunes track India's automotive production cycle closely. At an issue size of ₹630.88 Cr, this was a mid-cap mainboard offering on the NSE, priced at ₹182–192 per share with a face value of just ₹2.
What stood out was the shape of the business: revenue of ₹6,275.52 Cr against net profit of ₹148.09 Cr tells you this is a high-turnover, thin-margin operation — an EBITDA margin of only 4.56% confirms it. That's typical for metal recycling, where value comes from volume and efficient sourcing rather than pricing power. Notably, the entire ₹630.88 Cr was an offer for sale, so no fresh capital went to the company.
That structure matters. Because it was a 100% OFS, the money went to existing shareholders cashing out rather than into the business — no debt reduction, no IPO-funded expansion. What investors got instead was a listed stake in an established, profitable market leader with a strong return profile, at a valuation we'll unpack next.
CMR Green IPO — Investment Analysis
At the upper band of ₹192, CMR Green was priced at 20.21x earnings on an EPS of ₹9.01 — a fair multiple for a category leader, neither cheap nor stretched. The low ₹2 face value and moderate P/E suggested the pricing left some room on the table for listing-day investors.
The numbers are all about scale over margins. Revenue of ₹6,275.52 Cr on a PAT of ₹148.09 Cr works out to a net margin near 2.4% — wafer-thin — but the return ratios rescue the story. An RONW of 31.08% and ROCE of 11.04% show the business sweats its capital hard, which is exactly what you want in a low-margin, high-volume model.
The biggest structural flag is that 100% OFS — with no fresh money raised, you're betting on the existing business compounding on its own steam. Add thin margins that leave little cushion if aluminium scrap prices spike or auto demand softens, plus heavy reliance on a single end-market, and the risks are clear enough.
The market's verdict, though, was emphatic. The issue was subscribed 270.46x overall, powered by QIBs at 270.46x and NII at 172.35x, while retail came in at a healthy 27.08x. That kind of institutional stampede usually reflects deep conviction. If you want to size a similar bet yourself, our IPO profit calculator does the per-lot math in seconds. Investors should consult a SEBI-registered financial advisor before making investment decisions.
Disclaimer: This analysis is auto-generated from publicly available financial data and should not be considered investment advice. Always consult a SEBI-registered financial advisor before making investment decisions.
CMR Green IPO — Pros & Cons
Strengths
- Market leadership with real scale, as revenue of ₹6,275.52 Cr makes CMR Green India's largest aluminium alloy recycler. That dominance brings sourcing advantages and sticky OEM relationships smaller rivals can't match.
- Exceptional capital efficiency, with an RONW of 31.08%. A return on net worth above 30% is rare and shows management extracts strong profit from every rupee of equity.
- Overwhelming institutional demand, with the IPO drawing 270.46x QIB subscription. When the smartest money in the room piles in this hard, it usually reflects serious due-diligence conviction.
- A reasonable valuation at 20.21x earnings for a category leader. Investors weren't asked to overpay for the market-leader tag, which left room for listing upside.
- A strong listing outcome, with shares opening at ₹275.40 against the ₹192 issue price — a 43% gain that rewarded allottees handsomely.
Risks
- Razor-thin margins, with EBITDA at just 4.56%. In a downturn or a scrap-price spike, that slim buffer can evaporate quickly and hit profitability hard.
- It was a 100% offer for sale, so not a single rupee of the ₹630.88 Cr reached the company. Existing holders cashed out, meaning there's no IPO-funded growth or debt payoff ahead.
- Heavy dependence on the auto sector ties CMR Green's fortunes to India's vehicle production cycle. Any slowdown in automotive demand would flow straight through to its order book.
- Commodity exposure to aluminium scrap prices means input costs can swing sharply, and with only a 4.56% margin there is little room to absorb those shocks.
- Retail allocation was capped while the issue was 270x oversubscribed, so most small investors likely walked away with zero allotment despite the enthusiasm.
CMR Green IPO Details
| Company Name | CMR Green |
|---|---|
| IPO Type | MAINBOARD |
| Exchange | NSE |
| Price Band | ₹182 - ₹192 |
| Face Value | ₹2 per share |
| Lot Size | 78 shares |
| Min Investment | ₹14,976 |
| Total Issue Size | ₹630.88 Cr |
|---|---|
| Offer for Sale | ₹630.88 Cr |
| Registrar | Kfin Technologies Ltd. |
| Lead Manager | List of Issues managed, Equirus Capital Pvt.Ltd., ICICI Securities Ltd., Motilal Oswal Investment Advisors Ltd. |
| IPO Status | Listed |
CMR Green IPO Dates
CMR Green IPO Listing Performance
CMR Green IPO listed on NSE on 10 Jun 2026 at ₹275, a premium of 43.4% over the issue price of ₹192. Investors who received allotment made a profit of ₹6,505 per lot (78 shares) on listing day.
CMR Green IPO — Key Highlights
- India's largest aluminium alloy recycler, with revenue of ₹6,275.52 Cr.
- IPO subscribed 270.46x overall, with QIBs alone bidding 270.46x.
- Listed at ₹275.40 versus the ₹192 issue price — a 43% gain.
- Strong return profile, with RONW of 31.08% and ROCE of 11.04%.
- Entirely a 100% offer for sale of ₹630.88 Cr — no fresh capital raised.
- Reasonably valued at 20.21x earnings on an EPS of ₹9.01.
CMR Green Financial Performance
| Metric (₹ Cr) | FY 2023 | FY 2024 | FY 2025 | 9M FY 2026 |
|---|---|---|---|---|
| Revenue | 5,868.51 | 5,952.44 | 6,666.49 | 6,275.52 |
| Expenses | 5,751.70 | 5,838.39 | 6,486.67 | 6,074.51 |
| Net Income (PAT) | 97.66 | 844.33 | 142.46 | 148.09 |
| Margin (%) | 1.66% | 14.18% | 2.14% | 2.36% |
CMR Green IPO Valuations & Key Metrics
Valuation Ratios
| EPS | ₹9.01 |
|---|---|
| P/E Ratio | 20.21x |
| NAV | ₹20.93 |
| Debt/Equity | 0.580 |
Return Metrics
| RONW (%) | 31.08% |
|---|---|
| ROCE (%) | 11.04% |
| EBITDA Margin | 4.56% |
CMR Green IPO Reservation / Allocation
CMR Green IPO Peer Comparison
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
|---|---|---|---|---|---|
| CMR Green | 21.31 | 6.50 | 31.08 | 20.93 | 6,696.66 |
| Pondy Oxides and Chemicals | 62.64 | 21.08 | 9.79 | 210.82 | 2,059.16 |
| Gravita India | 37.36 | 45.11 | 15.12 | 280.44 | 3,980.61 |
| Baheti Recycling Industries | 30.46 | 17.37 | 30.46 | 57.02 | 524.54 |
| Jain Resource Recycling | 76.20 | 7.11 | 30.55 | 22.44 | 6,465.44 |
CMR Green IPO Lead Manager & Registrar
Book Running Lead Manager
List of Issues managed, Equirus Capital Pvt.Ltd., ICICI Securities Ltd., Motilal Oswal Investment Advisors Ltd.
IPO Registrar
Kfin Technologies Ltd.
CMR Green IPO — Frequently Asked Questions
What is CMR Green IPO GMP today?
As of today, the Grey Market Premium (GMP) for CMR Green IPO is ₹65 per share, indicating a potential listing premium of 33.9% above the issue price of ₹192.
What is the price band and lot size of CMR Green IPO?
CMR Green IPO has a price band of ₹182 to ₹192 per equity share with a face value of ₹2. The minimum lot size is 78 shares, requiring a minimum investment of ₹14,976 at the upper band.
What are the important dates for CMR Green IPO?
CMR Green IPO opens for subscription on 03 Jun 2026 and closes on 05 Jun 2026. Allotment is expected on 08 Jun 2026. The shares are expected to list on NSE on 10 Jun 2026.
What is the investor category allocation in CMR Green IPO?
The shares are reserved as follows — Qualified Institutional Buyers (QIB): 50.00%, Non-Institutional Investors (NII/HNI): 15.00%, and Retail Individual Investors: 35.00%.
How can I apply for CMR Green IPO?
You can apply for CMR Green IPO through your bank's net banking ASBA facility or via UPI-based application through any stockbroker platform. Ensure you have sufficient funds in your bank account as the amount will be blocked until allotment. The registrar for this IPO is Kfin Technologies Ltd..
What was CMR Green IPO's price band and lot size?
CMR Green was priced at ₹182 to ₹192 per share, with a lot of 78 shares. At the upper band that meant a minimum retail investment of about ₹14,976, and the face value was ₹2.
Why was CMR Green IPO a 100% Offer for Sale?
The entire ₹630.88 Cr issue was an OFS, meaning existing shareholders sold part of their stake and no fresh capital went to the company. For investors that's a mixed signal — it gives early backers an exit, but there's no IPO-funded expansion or debt reduction to drive post-listing growth.
How did CMR Green shares perform on listing day?
Strongly — the stock opened at ₹275.40 against the ₹192 issue price, a 43% listing gain, before settling near ₹247.90.
How do you apply for an IPO like CMR Green?
You apply through any UPI-enabled broker app or via ASBA at your bank, selecting the 78-share lot and blocking the amount until allotment. The registrar was Kfin Technologies, where you can also check allotment status.