CMR Green Technologies Limited, an established player in India's non-ferrous metal recycling and sustainable circular manufacturing industry, has officially rolled out its Initial Public Offering (IPO). The subscription window is currently active for public bidding, offering market participants an entry point into a mature secondary metallurgy enterprise.
This article breaks down the key details of the IPO, including its financials, objectives, and timeline.
IPO Details & Timeline
The public offer is structured as a book-built issue. The key details for retail investors are as follows:
| Bidding Period | Active Now: June 3, 2026 – June 5, 2026 |
| Price Band | ₹182 – ₹192 per equity share |
| Base Lot Size | 78 Shares |
| Minimum Retail Application | 1 Lot (78 Shares) |
| Minimum Retail Investment | ₹14,976 (at the upper ₹192 price cap) |
| Listing Platform | BSE & NSE (Mainboard) |
| Total Issue Size | ₹630.88 Cr (3,28,58,323 Equity Shares) |
| Issue Type | 100% Offer For Sale (OFS) |
| Tentative Listing Date | June 10, 2026 |
About the Company
CMR Green Technologies Limited is a significant entity in India's non-ferrous metal recycling industry, with a leading market share in the secondary aluminum sector based on operational revenue.
- Core Operations: The company's primary business involves processing and supplying recycled aluminum alloys in both solid ingot and liquid forms. Its portfolio also extends to zinc alloy ingots, aluminum billets, processed scrap, and value-added dross from other metals like stainless steel, copper, and brass.
- Manufacturing Footprint: CMR Green Technologies operates 13 recycling and processing facilities across several states, including Haryana, Gujarat, Maharashtra, Tamil Nadu, and Rajasthan. As of early 2026, its total installed capacity was 615,150 metric tonnes per annum (MTPA).
- Supply Chain: The company sources scrap metal from a diversified network of approximately 198 global suppliers across 73 countries. The refined alloy output primarily serves the domestic automotive industry, supplying components to major automobile manufacturers.
Financial Snapshot
The company's consolidated financial performance over recent fiscal periods is detailed below.
(All figures in ₹ Crores)
| Particulars | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|
| Total Income | ₹6,696.66 | ₹5,968.44 | ₹5,889.00 |
| Profit After Tax (PAT) | ₹155.04 | ₹(838.56) | ₹104.51 |
Key Performance Analysis:
- Profitability Recovery: The company demonstrated a significant turnaround in FY25, reporting a net profit of ₹155.04 Crore. The net loss in FY24 was primarily due to a one-time exceptional write-off of ₹1,239.6 Crore.
- EBITDA Growth: Core earnings (EBITDA) have shown consistent growth, rising from ₹207.01 Crore in FY23 to ₹316.62 Crore in the nine months ending December 31, 2025.
Objects of the Issue
This IPO is a 100% Offer for Sale (OFS), meaning the company will not receive any proceeds from the public issue. The main objectives are:
- Promoter Liquidity: To allow the selling shareholders, including the promoter group and an external investor, to liquidate a portion of their holdings.
- Enhanced Corporate Stature: Listing on the BSE and NSE is expected to increase brand visibility, transparency, and credibility among clients and suppliers.
Disclaimer: This article is for informational purposes only and should not be considered investment advice. Investors should conduct their own due diligence and consult with a financial advisor before making any investment decisions.
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