• Source:JND

IPO In June 2026: CMR Green Technologies on Friday announced a price band of Rs 182-192 per equity share for its Rs 630 crore initial public offering (IPO), which will open for public subscription next week--June 3. Investors can place their bids till June 5. Meanwhile, bidding for anchor investors will be open on June 2.

Offer For Sale

According to the red herring prospectus (RHP), the Faridabad-based company's proposed IPO is entirely an offer-for-sale (OFS) of up to 3.28 crore equity shares, wherein promoters--Mohan Agarwal, Gauri Shankar Agarwala HUF and Mohan Agarwal HUF-- and an investor--Global Scrap Processor--will offload their stakes.

Previously, the company's total issue size was proposed to be up to 42.9 million shares. Currently, the promoter and promoter group entities hold approximately 87 per cent of the company, while the remaining 13 per cent is held by a global scrap processor.

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This is CMR Green Technologies' second attempt to enter the capital markets, after postponing its 2021 IPO plan despite receiving approval from the Securities and Exchange Board of India (SEBI).

IPO Details

- Bidding Dates- June 3 to June 5, 2026
- Price Band - Rs 182-192
- Lot Size - Bid needs to be made for a minimum of 78 equity shares and in multiples thereof.
- Listing: The company's shares are proposed to be listed on the Bombay Stock Exchange and the National Stock Exchange.

Shares Reservation

The company has also reserved shares worth Rs 2.5 crore for employees, which will be offered at a discount on the issue price.

The IPO has up to 50 per cent of the total offered shares reserved for qualified institutional buyers. Additionally, 15 of the shares were reserved for non-institutional investors, and 35 per cent of the shares were reserved for retail investors.

About CMR Technologies

CMR Green Technologies specialises in the processing and manufacturing of aluminium alloys (ingots and liquid), zinc alloys, and furnace-ready scrap of stainless steel, copper, brass, lead, and magnesium.

Its customer base primarily consists of original equipment manufacturers (OEMs) and tier-1 suppliers to the automotive sector, including Honda Cars India, Bajaj Auto, Hero MotoCorp, Royal Enfield Motors, Endurance Technologies, Rockman Industries, and Craftsman Automation.


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