CMR Green IPO
Market Sentiment
IPO Details
IPO Reservation
Market Lot Size
Financial Analysis
| Metric | 2023 | 2024 | 2025 | Dec 2025 |
|---|---|---|---|---|
| Revenue | 5,889.90 | 5,968.44 | 6,696.66 | 6,291.00 |
| Expense | 5,751.70 | 5,838.39 | 6,486.67 | 6,074.51 |
| Profit (PAT) | 104.51 | 838.56 | 155.04 | 162.39 |
| Total Assets | 3,351.66 | 2,194.41 | 2,815.86 | 3,650.58 |
| Company | P/E | EPS |
|---|---|---|
| Pondy Oxides and Chemicals Limited | 82.70 | 13.60 |
| Gravita India Limited | 39.76 | 45.11 |
| Baheti Recycling Industries Limited | 32.69 | 17.37 |
| Jain Resource Recycling Limited | 76.20 | 7.11 |
Promoters: Mohan Agarwal, Pratibha Agarwal, Akshay Agarwal and Raghav Agarwal
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 21,90,55,489 | 86.95% |
| Promoter Holding Post Issue | 21,90,55,489 | 84.00% |
Strengths & Risks
- Heavily oversubscribed — 127.0x overall (so far).
- Strong institutional (QIB) demand — 270.5x.
- Strong return on equity — 31%.
- Thin profit margin — 2.3%.
Auto-generated from live GMP, subscription, valuation and financial data. Informational only — not investment advice. Always read the RHP before applying.
Company Information
CMR Green Technologies Limited, founded in 2006, is one of the leading companies that recycles non-ferrous metals and produces secondary aluminium and zinc die-casting alloys. Basically, the company is involved in the recycling of aluminium alloys (as ingots and in liquid form), zinc alloy ingots, and furnace-ready scrap of metals like stainless steel, copper, brass, zinc, lead, and magnesium. Along with non-ferrous metals, the firm also offers aluminium billets serving automotive and non-automotive sectors. Honda Cars India Limited, Bajaj Auto Limited, Hero MotoCorp Limited, Royal Enfield Motors Limited, and India Yamaha Motor Private Limited are the major OEM customers of the company. Moreover, the company runs a total of 13 recycling units currently. The firm includes 760 permanent employees and 3,796 contractual workmen.
Resources & Documents
CMR Green Technologies Ltd., 7th Floor,, Tower 2, L & T Business Park,, 12/4 Delhi, Mathura Road,, Faridabad, Haryana, 121003
CMR Green has set a price band of Rs 182–Rs 192 per share for an issue size of Rs 631 crore. The IPO has listed on the exchanges.
CMR Green Technologies Limited, founded in 2006, is one of the leading companies that recycles non-ferrous metals and produces secondary aluminium and zinc die-casting alloys. Basically, the company is involved in the recycling of aluminium alloys (as ingots and in liquid form), zinc alloy ingots, and furnace-ready scrap of metals like stainless steel, copper, brass, zinc, lead, and magnesium.
The issue is promoted by Mohan Agarwal, Pratibha Agarwal, Akshay Agarwal and Raghav Agarwal with Equirus Capital Pvt. Ltd., ICICI Securities Ltd., Motilal Oswal Investment Advisors Ltd. acting as lead manager.
Grey market is quoting a premium of +Rs 66 (+34.4% over issue price), up Rs 33 from the previous session. Final subscription data records overall subscription at 127.00x, retail at 26.97x, QIB at 270.46x, NII at 172.32x.
On fundamentals, the company is posting revenue growth of 12.2%, a profit margin of 2.3%, return on equity of 31.1% in its most recent reported period. Listed peers in this segment include Pondy Oxides and Chemicals Limited (P/E 82.70x) and Gravita India Limited (P/E 39.76x) — useful reference points when evaluating the issue's pricing relative to where the broader sector are trading.
Our data-driven engine currently flags this issue as a Strong Subscribe — the data suggests strong listing-day potential backed by healthy fundamentals. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Understanding Grey Market Premium (GMP)
The Grey Market Premium (GMP) is an unofficial indicator of how an IPO's shares are trading in the grey market before they are officially listed on a stock exchange. It reflects investor sentiment and demand for the IPO shares ahead of listing day.
How does it work? The grey market is an informal, over-the-counter market where investors buy and sell IPO shares before the official listing date. If an IPO has a positive GMP, it suggests that investors expect the stock to list above its issue price. A negative GMP indicates expectations of a listing below the issue price.
Example: If an IPO has an issue price of ₹100 and the GMP is ₹50, the expected listing price would be approximately ₹150 (issue price + GMP). This translates to an estimated listing gain of 50%.
Factors that influence GMP:
- Subscription levels — Higher subscription typically drives GMP up
- Market conditions — Bullish markets tend to boost GMP across all IPOs
- Company fundamentals — Strong financials and growth potential attract premium
- Industry sentiment — Positive outlook for the sector can increase demand
- IPO pricing — Reasonably priced IPOs relative to peers tend to command higher GMP
Disclaimer: GMP is an unofficial metric from the grey market and is not regulated by SEBI or any stock exchange. GMP values fluctuate frequently and should not be the sole basis for investment decisions. Always consider company fundamentals, financial health, and your own risk appetite before investing in any IPO.
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