CMR Green Technologies IPO Date, Review, GMP, Price Details

CMR Green Technologies, a Metal recycling company has filed preliminary papers with SEBI to raise funds through an initial share sale of fresh issue of equity shares worth ₹300 crores and an offer for sale (OFS) of 3.34 crore equity shares by promoters and investors.

CMR Green Technologies is one of the leading metal recyclers in the domestic aluminium recycling industry. It mainly focuses on the recycling of aluminium, which involves the processing of aluminium-based metal scrap to manufacture aluminium alloys and supplying them in liquid form as well as solid form.

It has a huge demand in the automotive industry where it forms a large number of total volumes of secondary aluminium. The demand for secondary aluminium is expected to grow at 15% CAGR between FY2021 and FY2025. The company also manufactures zinc alloys.

CMR Green Technologies operates through 12 manufacturing facilities, out of which, 10 facilities operate for aluminium recycling operations, which specifically covers the automotive manufacturing sector in India and overseas. It also focuses on the segregation and recycling of other metals such as stainless steel, copper, brass, zinc, and magnesium.

Objectives of CMR Green IPO

CMR Green Technologies has come up with its IPO to raise funds from the fresh issue which will be utilized towards the payment of debt and general corporate purposes.

CMR Green Technologies Promoter

  • Gauri Shankar Agarwala.
  • Kalawati Agarwal.
  • Mohan Agarwal.
  • Pratibha Agarwal.

Company Financials

Particulars (Cr)

FY21

FY20

FY19

Revenue

2913.19

0.00

0.01

EBITDA

336.53

-0.01

-0.01

PAT

40.73

0.12

0.05

EPS (basic in Rs.)

0.98

0.05

0.02

ROE

0.23%

0.57%

2.84%

ROCE

23.59%

21.52%

24.27%

CMR Green Technologies IPO

CMR Green Technologies IPO Details

IPO DETAILS CMR Green Tech
Issue Period Opening Date: January 2022
Closing Date:   January 2022
Price Band ₹ – ₹ per equity share
Issue Size ₹ Cr
Face Value ₹2 per equity share
Issue Type Book built issue
Fresh Issue [.] Eq Shares of ₹2 face value
(aggregating up to ₹300 Cr)
Offer for sale  33,414,138 Eq Shares of ₹2 face value
(aggregating up to [.] Cr)
Listing NSE and BSE
Registrar KFin Technologies Private Limited

CMR Green Technologies IPO Timeline

CMR Green Technologies IPO issue date, issue price, allotment date, and the listing date, and all the details will be announced soon.

IPO Opens To be announced
IPO Ends To be announced
Allotment Begins To be announced
Refund Initiation To be announced
Allotment Date To be announced
Listing Date To be announced

CMR Green Technologies IPO Lot Size (Retail Individual Investors)

Applications Lots Shares Amount(Cut-off)
Minimum
Maximum

CMR Green Technologies IPO Investor Category

CMR Green Technologies IPO has 10% of the net offer under the Retail Category.

QIB (Qualified Institutional Buyers) 75% of net offer
NII (Non-Institutional Investors) 15% of net offer
RII (Retail Individual Investors) 10% of net offer

CMR Green Technologies IPO GMP

CMR Green Technologies IPO has not yet started trading in the grey market. Currently, the GMP is zero and will be updated once it starts trading in the grey market.

CMR Green Technologies IPO Review

CMR Green Technologies IPO review will be updated once all the details related to price band and valuations are announced. As of now, no reviews are available. Stay tuned for a detailed review soon.

CMR Green Technologies IPO Book Running Lead Manager(s)

  • ICICI Securities.
  • Axis Capital.
  • JM Financial.

CMR Green Technologies IPO Registrar

KFin Technologies Private Limited
E-mail: cmr.ipo@kfintech.com
Website: www.kfintech.com
Phone: +91 406-716-2222

Company Contact Details

Unit no. 802-803,
8TH Floor, SSR Corporate Park,
Sec 27 B, Faridabad,
Haryana – 121003
Website: www.cmr.co.in

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