The CMR Green Technologies initial public offering looks very promising due to its high revenues, leadership in the production of recycled aluminium alloys, and increasing demands coming from the automotive industry.
About CMR Green Technologies
CMR Green Technologies IPO GMP, which was founded in the 2005, is among the leading players in the Indian market for recycling and manufacturing aluminum alloys as well as other types of non-ferrous metals. CMR Green Technologies IPOS is a major supplier of metal waste products to the country's major car makers.
CMR Green Technologies is a leading company in sustainable manufacturing processes in India by manufacturing of high quality alloy products using metal wastes.
CMR Green Technologies IPO Details
Key IPO Information
| Particulars | Details |
| IPO Opening Date | June 3, 2026 |
| IPO Closing Date | June 5, 2026 |
| Price Band | ₹182 – ₹192 per share |
| Issue Size | ₹630.88 Crore |
| Lot Size | 78 Shares |
| Minimum Investment | ₹14,976 |
| Listing Exchange | BSE & NSE |
| Tentative Allotment Date | June 8, 2026 |
| Tentative Listing Date | June 10, 2026 |
| Registrar | KFin Technologies |
| Lead Managers | ICICI Securities, Equirus Capital, Motilal Oswal Investment Advisors |
IPO will be completely an OFS, which means that money raised by this transaction will benefit only the selling shareholders, and not the company. In addition, the size of the issue itself will be reduced to ₹631 crore from the original ₹823 crore planned initially.
Business Overview
This is completely a 'Offer For Sale' (OFS), and hence, the money raised will benefit the selling shareholders and not the company itself. The size of the offer has also been brought down to around ₹631 crore from the initially proposed ₹823 crore.
CMR Green Technologies belongs to the non-ferrous metal recycling industry, and the primary products include:
- Recycled aluminum alloys
- Aluminum casting alloys
- Zinc alloys
- Recycled metal products of value addition
The sectors served by the company include:
- Automobile manufacture
- Auto components manufacturing
- Engineered industries
- Equipment manufacturing industries
Since automobile manufacturers are increasingly relying on recycled products to save costs, the outlook for recycled metals is positive.
Financial Performance
The company has demonstrated strong operational scale with revenues exceeding ₹4,600 crore in FY2025.
Financial Snapshot
| Financial Year | Revenue | Profit After Tax |
| FY2023 | ₹4,399.67 Cr | ₹73.08 Cr |
| FY2024 | ₹4,319.12 Cr | ₹267.84 Cr |
| FY2025 | ₹4,638.10 Cr | ₹96.09 Cr |
The company remains one of the largest players in its segment by revenue, although investors should carefully evaluate fluctuations in profitability over the years.
Strengths of CMR Green Technologies
1. Pioneering Metal Recycling Company
The company is one of the leaders when it comes to non-ferrous metal recycling in India.
2. Exposure to Automobile Sector
Due to rising demands from automobile producers using recycled aluminium in car manufacturing, the company is expected to grow its business.
3. Sustainable Business
Due to ESG trends in the world and government initiative of circular economy in India, there is potential for growth in recycling companies.
4. High Revenues
Revenues over ₹4,600 crore place this company ahead of most other newly issued industrial firms.
Risk Factors for the Investors
1. Fully OFS IPO
As the whole issuance is Offer for Sale only, the company itself will not receive any additional investment. This might be a cause of concern for the long-term investor.
2. Price Fluctuations of Commodities
Profitability of the company depends on price changes in aluminium, zinc, and scrap metals.
3. Exposure to Auto Industry
Any drop in car production might negatively affect the demand for alloy products.
4. Profit Margins Instability
Even though revenue remained high in recent years, profits were volatile, and investors need to analyse them carefully.
Grey Market Sentiment
The market reports have pointed towards favorable grey market conditions for the IPO listing period. The recent estimates by GMP have highlighted a premium of ₹25 to ₹30 per share in the IPO. Nevertheless, it must be noted that GMP is just an informal process that can fluctuate significantly even before listing.
Should You Apply for the CMR Green Technologies IPO?
Investors who purchase shares from this upcoming IPO can get exposure to various themes that may appeal to them:
- Metal Recycling
- Sustainable Manufacturing
- Growth in the circular economy
- Expansion in Automotive Supply Chain
With its strong scale, presence of strong customers, and its leadership in recycled aluminium products, this firm is likely to be an attractive long-term bet for the growth story of India's industry.
Nevertheless, the investor also needs to keep in mind that this entire IPO consists only of an OFS and evaluate whether the valuation provides adequate risk compensation.
Investment View
For listing gains: Moderate to positive outlook due to healthy GMP and strong market interest.
For long-term investors: Suitable for investors who believe in the long-term growth of recycling, sustainability, and automotive manufacturing sectors.
Final Thoughts
CMR Green Technologies' IPO is listed in the capital markets IPO GMP as one of the top firms in India specialising in the recycling of non-ferrous metals. The size, sustainable business in the approach, and association with the burgeoning Indian automobile industry make the IPO GMP an important one for 2026.
It is important to note that although the firm boasts solid fundamentals in the industry, investors must undertake proper due diligence and evaluation before deciding to invest.
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