CMR Green Technologies IPO Surges Over 43% on Debut

CMR Green Technologies has made a striking debut on the stock market, with its IPO opening at a premium of over 43%. The shares began trading at Rs 275.40 on the BSE, significantly above the issue price of Rs 192. The IPO attracted substantial interest, with a subscription rate exceeding 127 times, driven primarily by institutional investors. The company, known for its leadership in non-ferrous metal recycling, serves major automobile manufacturers. This article delves into the factors contributing to the IPO's success and the company's market position.

By Narendra Chaudhary Jun 10, 2026, 11:04 IST

Strong Market Entry for CMR Green Technologies

The initial public offering (IPO) of CMR Green Technologies has made a remarkable entrance on Dalal Street, debuting at a premium exceeding 43% above its IPO price. On the Bombay Stock Exchange (BSE), shares of CMR Green Technologies commenced trading at Rs 275.40, compared to the issue price of Rs 192. Meanwhile, on the National Stock Exchange (NSE), the stock opened at Rs 268, reflecting a 40% increase from the IPO price.

Mohan Agarwal, the Chairman and Managing Director of CMR Green Technologies Limited, credited Equirus Capital for their pivotal role in the IPO's success. He stated, “Equirus Capital has been crucial from the outset, assisting stakeholders in evaluating options, expediting documentation, securing timely regulatory approvals, leading pricing discussions, and converting large institutional investors early.”

He further noted that their exceptional client service and professionalism contributed to the IPO becoming one of the most anticipated and heavily subscribed offerings of the year, achieving a subscription rate of over 127 times.

There was significant engagement from both institutional and retail investors, with more than 33.7 lakh applications submitted across various categories. The institutional segment was particularly robust, with the qualified institutional buyer (QIB) portion being subscribed 270.46 times. Additionally, the non-institutional investor (NII) segment saw a subscription rate of 172.35 times, while the retail investor category received bids worth 27.08 times the shares allocated for it.

CMR Green Technologies serves a diverse clientele, including prominent automobile manufacturers and component suppliers such as Honda Cars India, Bajaj Auto, Hero MotoCorp, Royal Enfield, Endurance Technologies, Maruti Suzuki, and Jindal Stainless. The company is a leader in non-ferrous metal recycling and operates within the secondary aluminium market, producing recycled aluminium alloys, zinc alloy ingots, aluminium billets, and various other recycled metal products.