CMR Green Technologies IPO Review
CMR Green Technologies Limited, a Leading recycler in the domestic aluminium recycling industry in India, plans to raise ₹631 crores through an IPO.
[Fresh Issue NIL + OFS ₹631 Cr]
Cmr green technologies ipo price is ₹182 – ₹192 per share.
CMR Green Technologies: History
The Company was originally incorporated as Grand Metal Industries Private Limited, a private limited company, on August 23, 2005.
Thereafter, it converted into a public limited company, and the name of the Company was changed to Grand Metal Industries Limited on May 28, 2020.
Subsequently, the name was changed to CMR Green Technologies Limited, and a certificate of incorporation was issued by the Registrar of Companies, Delhi, on August 11, 2021.
CMR Green Technologies: Business
CMR Green Technologies Ltd. is the leading non-ferrous metal recycler in India (in terms of installed capacity) as of March 31, 2025.
According to the ICRA Report, it holds the highest market share in the Indian secondary aluminium market in terms of revenue from operations for FY2025 (amongst the peer companies).
The Company has a capacity advantage over domestic players, with an installed capacity of around 4 times that of the nearest competitor in the domestic recycled aluminium space, as of March 31, 2025.
It ranks among the largest players in the global aluminium recycling industry in terms of installed capacity as of March 31, 2025, according to the ICRA Report.
The Company manufactures recycled aluminium alloys (in ingot and liquid form), zinc alloy ingots, and segregated furnace ready scrap of stainless steel, copper, brass, zinc, lead, and magnesium, amongst others.
CMR Green also produces aluminium billets that cater to both automotive and non-automotive sectors.
Client List
Some of the OEM clients of the company include Honda Cars India Limited, Bajaj Auto Limited, Hero MotoCorp Limited, Royal Enfield Motors Limited, and India Yamaha Motor Private Limited.
Recycling Facilities
As of this DRHP, the company operates through 13 strategically located recycling units.
Three (3) facilities are situated at Tatarpur, Manesar, and Bawal, in the state of Haryana; two (2) facilities are situated at Vanod, and one (1) facility is situated at Halol, Pune, Chennai, Vallam, Haridwar, Bhiwadi, Sambalpur, Tirupati, Rajasthan, Odisha, and Andhra Pradesh, respectively.
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Strategies Ahead
Diversification into Other Metals and Expanded Industry Base.
Green Aluminium Focus domestically and globally.
Expansion of the supply of wrought alloys and partnership with primary players.
Leverage the focus on aluminium content in electric vehicles and the growing demand for aluminium in ICE vehicles.
Invest in higher technological capabilities in order to capitalize on future trends.
Company Promoters
- Mohan Agarwal,
- Pratibha Agarwal,
- Akshay Agarwal,
- Raghav Agarwal.
Refer to CMR Green Technologies DRHP for further information.
IPO Details
ipo date: 3 June – 5 June 2026
Minimum Amount: ₹14,976
Minimum Bid: 78 Shares
Face Value: INR 2 per share
Listing On: NSE, BSE
Financial
Book Running Lead Managers
Equirus Capital,
ICICI Securities,
Motilal Oswal Investment Advisors.
CONCLUSION
Considering the nature of the business, financial performance, and the above-listed factors in mind, FinBlab recommends ‘MAY SUBSCRIBE‘ ratings on CMR Green Technologies IPO.
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Disclaimer: This article is purely for informational purposes. While much time and effort is made to provide the information, I (Vishal Dalwadi) or (FinBlab) do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.
