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 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