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CMR Green Technologies IPO
126.73xsubscribed

CMR Green Technologies IPO

Metal - Non Ferrous
listed
₹14,196Min. investment

CMR Green Technologies Limited IPO Details

SectorMetal - Non Ferrous
Price range₹182 – ₹192
IPO type
Regular
Lot size78 shares
Issue size₹631Cr
Red Herring Prospectus
Read
Market cap
₹4,205.8CrLower than sector avg
RevenueApr 8 - Mar 9
₹6,666.4CrLower than sector avg
Growth rate3Y CAGR
6.58%Higher than sector avg

CMR Green Technologies IPO Subscription Status

Date
QIB
NII
Retail
Total
03-Jun-26
0.05 times (X)
5.63 times (X)
2.46 times (X)
2.45 times (X)
04-Jun-26
0.2X
21.7X
7.96X
9.61X
05-Jun-26
189.94X
171.67X
26.57X
126.73X

As on 03-Jun-26, 5:00 PM

CMR Green Technologies IPO Timeline

  1. Pre-apply
    1 Jun 2026
  2. Bid start
    3 Jun 2026
  3. Bid end
    5 Jun 2026
  4. Allotment
    8 Jun 2026
  5. Release of funds
    9 Jun 2026
  6. Demat transfer
    9 Jun 2026
  7. Listing
    10 Jun 2026

About CMR Green Technologies Limited

CMR Green Technologies is one of the largest non-ferrous metal recycling companies. The company mainly produces recycled aluminium alloys in both ingot and liquid form. Apart from aluminium, it also manufactures zinc alloy ingots and aluminium billets. It processes and supplies furnace-ready scrap of metals such as stainless steel, copper, brass, zinc, lead, and magnesium.
The company also recycles used beverage cans to meet the fresh metal requirements of primary metal producers. Its aluminium billets are supplied to both automotive and non-automotive industries. These billets are manufactured according to strict quality standards related to strength, formability, and corrosion resistance.
Aluminium remains the company’s largest business segment. During 9MFY26, aluminium contributed around 81.85% of total revenue, while other metals contributed 18.15%. The automotive industry is the company’s biggest end-user segment. Revenue from automotive customers stood at ₹5,217 crore during 9MFY26, while non-automotive industries contributed ₹1,007 crore.
CMR Green Technologies held around 42 to 45% market share in the cast alloy segment of the automotive industry by volume in FY25. In the overall recycled aluminium industry, its market share was approximately 10 to 12% based on volume sold. The company’s revenue has grown at a CAGR of nearly 23% between FY07 and FY25. CMR is also the only domestic aluminium recycling company with multiple joint ventures with Japanese companies operating in this sector.
The company currently operates 13 recycling facilities across India. These plants are located across various states like Haryana, Gujarat, Maharashtra, Tamil Nadu and others. As of FY26, the company’s total installed production capacity stood at 615,150 MTPA. Capacity utilisation during 9MFY26 was 67.67%.
CMR Green Technologies mainly supplies to automobile OEMs and Tier-1 suppliers. Some of its major customers include Maruti Suzuki India, Honda Cars India, Bajaj Auto, Hero MotoCorp, and Royal Enfield Motors. Repeat customers contributed 96.23% of total revenue during 9MFY26, and 97.40% in FY25. Its top 10 customers contributed around 50% of total revenue. CMR procures scrap metal from around 198 suppliers spread across 73 countries as of FY25. The United States was the largest import source and contributed around 47.5% of total imports in FY25.
The company follows a geographically diversified business model as North India contributed 55.2% of revenue in 9MFY26, South India contributed 26.8%, and West India contributed 17.4%. East India also started contributing after the commissioning of the Odisha facility. Among states, Haryana contributed the highest share at 32.5% of domestic revenue, followed by Gujarat at 17.1% and Tamil Nadu at 16.3%.
The company has long-term partnerships with major Japanese companies, including Toyota Tsusho Corporation and Nikkei MC Aluminium since 2012 and recently with Nippon Light Metal. The company has been able to leverage these cooperative business arrangements for improvements in technological capabilities, building customer loyalty as well as expanding the company's supply of liquid aluminium.
As of FY25, India is expected to have a total recycled aluminium demand of 2.16 MMT and an estimated growth of 3.71 MMT by FY30 at a CAGR of ~11.2% during the period. In addition, producing secondary aluminium will require 90% less capital expenditure than producing primary aluminium. CMR will benefit from the rise in electric vehicle (EV) adoption. Compared to an internal combustion engine (ICE), EVs will use approximately 50 to 60% more aluminium. In addition, various government initiatives like EPR norms, the Prime Minister's E-DRIVE programme, vehicle scrappage policy and National non-ferrous metals scrap recycling framework 2020 will also help promote long-term growth for India's recycled aluminium market. The company is expanding into the wrought aluminium segment for extrusion and rolled products.
Its Tirupati facility includes a 40 KT per annum green extrusion billets plant, while the Odisha facility includes a 48 KT per annum used beverage can recycling plant for Hindalco Industries under a long-term cost-plus agreement. The company is also exploring opportunities in lithium-ion battery recycling, copper recycling, and lead recycling, which are expected to become more important with rising EV adoption. The company plans to continue investing in technology upgrades, capacity expansion, and AI-based supply chain systems to improve efficiency and scalability.
Now, CMR Green Technologies is launching its initial public offering (IPO), which is a complete offer-for-sale of ₹630.88 crore. The company’s shares will be listed on the NSE and BSE.

How to pre-apply for CMR Green Technologies IPO?

You can pre-apply for CMR Green Technologies IPO on Upstox. The pre-application for this IPO, which means the pre-apply open date, usually begins a day before the IPO opens for subscription.
Follow these steps to pre-apply for the IPO:
  • Login to your Upstox account, using your six-digit PIN
  • After successfully logging in, click on ‘Discover’
  • On the Discover tab, you will find the ‘Invest in IPO’ section
  • Under the Invest in IPO section, look for the ‘CMR Green Technologies IPO’ tab and click on it
  • Now fill in all the required information, like ‘bid price’ and ‘lot size’
  • Confirm and click on ‘Pre-Apply’
  • Accept the mandate on your UPI app

How to apply for CMR Green Technologies IPO?

If you are interested in this investment opportunity but unsure how to apply for CMR Green Technologies IPO, here are the steps that you need to follow.
When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for CMR Green Technologies IPO on Upstox:
  • Log in to your Upstox account, using your six-digit PIN
  • After logging in, click on ‘Discover’
  • On the ‘Discover’ tab, you will find the ‘Invest in IPO’ section
  • Under the Invest in IPO section, look for the ‘CMR Green Technologies IPO’ tab and click on it
  • Now fill in all the required information, like ‘bid price’ and ‘lot size’
  • Confirm and click on ‘Apply’
  • Accept the mandate on your UPI app

How to check the CMR Green Technologies IPO allotment status?

When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally completed on the next working day after an IPO closes.
Here’s a step-by-step guide on how to check the CMR Green Technologies IPO allotment status:
  • Login to your Upstox account, using your six-digit PIN
  • After logging in, click on ‘Discover’
  • On the ‘Discover’ page, you will find the ‘Invest in IPO’ section
  • Under the Invest in IPO section, you will find the ‘View all’ option
  • Once you click on ‘View all’, you will be directed to the ‘IPO’ tab
  • In the ‘IPO’ tab, click on ‘My applications’
  • In ‘My applications’, under the History section, your CMR Green Technologies IPO allotment status will be mentioned.

Cmr Green Technologies Limited IPO Analysis

IPO REVIEW

CMR Green Technologies IPO | Analysis Video

Should you apply?

Watch our analysts break down the Cmr Green Technologies Limited IPO — business model, financials, valuation and key risks — to help you decide whether to apply. The video covers the IPO price band, important dates, and what the subscription numbers mean for retail investors.

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Strength and Weakness

Market leadership and economies of scale

The company is the biggest player in the recycling business with 42 to 45% of market share and has a capacity of 615,150 MTPA, four times greater than that of its closest rival, giving it a commanding position to control the rapidly growing recycled aluminium business.

Liquidity of aluminium business model

Its business model has a sticky nature because of the stringent delivery requirements, ensuring long-term customer lock-in, a 6 to 7% cost advantage to clients, growing adoption rates, and robust carbon credit creation.

Superior global sourcing capabilities

CMR has established a diversified portfolio of international suppliers spread across 73 nations with highly advanced processing technologies for the scrap, besides rapidly expanding local sourcing efforts.

High customer retention rates

The firm earns 96.23% recurring revenue from the well-known auto brands such as Maruti Suzuki, Honda Cars, and Bajaj Auto through a combination of strong client relationships lasting nearly two decades and lower client concentration risk.

High sustainability and decarbonisation strategy

Recycling aluminium leads to COâ‚‚ savings of ~92% compared to primary aluminium, making it highly beneficial for the company to capitalise on the strong trend of ESG and decarbonisation globally.

Objectives of Cmr Green Technologies Limited IPO

Carry out the offer for sale
The IPO is a complete offer-for-sale (OFS). Net IPO proceeds will go to selling shareholders.
Listing on stock exchanges
The company want to achieve the benefits of listing its shares on the stock exchanges.

Compare

CompanyRevenue*3Y growthPATMarket capP/E ratioD/E ratio
This IPO₹6,666.4Cr6.58%₹155.03Cr₹4,205.8Cr29.540.59
This sector (avg.)₹9,368.76Cr0.01%₹1,021.73Cr₹17,328.86Cr19.690.52
₹1,52,968Cr---₹21,267Cr₹2,66,361.4Cr28.361.82
₹34,083Cr---₹10,353Cr₹2,65,561.3Cr22.530.82
₹2,38,496Cr---₹16,002Cr₹2,15,225.4Cr12.050.53

*Revenue for financial year 8-9. Lower P/E and D/E ratios are generally preferred.

CMR Green Technologies IPO Contact Details

Company NameCMR Green Technologies Limited

How to apply for CMR Green Technologies IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Cmr Green Technologies Limited IPO FAQs

Investors can apply for the CMR Green Technologies IPO through their Demat account via the stock exchange or through their broker.
The issue size of the CMR Green Technologies IPO is 631 Cr.
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
CMR Green Technologies IPO will be open between 2026-06-03 and 2026-06-05.
CMR Green Technologies IPO allotment date is 2026-06-09. For CMR Green Technologies IPO allotment status check, you can visit the website of the registrar of the IPO.
For CMR Green Technologies IPO, the IPO registrar is KFin Technologies Limited. You can check CMR Green Technologies IPO allotment status on the website of the registrar.
The shares are proposed to be listed on the BSE and NSE.
The CMR Green Technologies IPO shares will typically be credited to your demat account one working day before the IPO's listing date, provided your application is successfully allotted.
The CMR Green Technologies IPO lot size is 78 and minimum order quantity is 78.
CMR Green Technologies IPO has set the price band for its IPO at 192 per equity share with a face value of 2.