CMR Green Technologies Limited, a leader in the non-ferrous metal recycling industry, is officially launching its Mainboard IPO. With the subscription window opening on June 3, 2026, this ₹631 crore issue is drawing significant attention from investors looking to capitalize on the growing secondary metal market.
Company Overview: Powering the Circular Economy
Founded in 2006, CMR Green Technologies has established itself as one of India’s top recyclers of non-ferrous metals. The company specializes in producing secondary aluminium and zinc die-casting alloys, offering products in both ingot and liquid forms.
Currently operating 13 recycling units, the firm serves a prestigious list of Original Equipment Manufacturers (OEMs) in the automotive sector, including Honda Cars India, Bajaj Auto, Hero MotoCorp, Royal Enfield, and Yamaha. As of the latest reporting, the company maintains a robust workforce of 760 permanent employees and over 3,700 contractual workers.
Key IPO Details and Dates
The IPO is a Book Build Issue aimed at raising approximately ₹631 crores, which includes an Offer for Sale (OFS) of up to 3,28,58,323 equity shares.
- IPO Open Date: June 3, 2026
- IPO Close Date: June 5, 2026
- Price Band: ₹182 to ₹192 per equity share
- Face Value: ₹2 per share
- Lot Size: Minimum 78 shares (₹14,976)
- Allotment Date: June 8, 2026
- Listing Date: June 10, 2026, on BSE and NSE
Financial Performance: A Significant Turnaround
The company’s financials reflect a strong recovery and growth trajectory. In FY2025, CMR Green reported revenue of ₹6,696.66 crores, up from ₹5,968.44 crores the previous year. More impressively, the company posted a Profit After Tax (PAT) of ₹155.04 crores in 2025, successfully rebounding from a loss of ₹838.56 crores in 2024.
Key FY2025 Ratios:
- Return on Net Worth (RoNW): 31.08%
- EBITDA Margin: 4.56%
- Earnings Per Share (EPS): ₹6.50
- Net Asset Value (NAV): ₹20.93
Investment Outlook
The IPO reservation is split across three main categories: 50% for QIBs, 15% for Non-Institutional Investors (NII), and 35% for Retail Investors.
Market analysts have given a “May Apply” rating to the issue, suggesting that investors consider participating with a long-term perspective given the company’s established market position and recent financial improvements.
Disclaimer: This post is for informational purposes only based on provided source materials. Stock market investments are subject to market risks. Please consult a financial advisor before investing.