CMR Green Technologies Limited IPO: Dates, Price, GMP, Review, Allotment

CMR Green Technologies Limited, one of India’s top recyclers of non-ferrous metals, is getting ready for its long-awaited IPO through an offer for sale. Investors are interested in this IPO because it has a strong position in the secondary aluminum market, which is growing as demand for environmentally friendly recycling grows. The registrar is Kfin Technologies Limited.

IPO Dates and Issue Size

The IPO dates, price band, and lot size remain to be announced, with the offer opening on a TBA date. This mainboard IPO on BSE and NSE features an offer for sale (OFS) of up to 42,890,735 equity shares of face value ₹2 each, with no fresh issue involved. Proceeds will benefit selling shareholders after expenses, targeting repayment of borrowings and general corporate needs in prior plans.

DRHP and RHP Files

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Lot Size and Categories

Retail individual bidders get at least 35% of the offer, non-institutional investors not less than 15%, and QIBs up to 50%. Minimum bid details and market lot sizes are pending announcement, but applications use ASBA or UPI via brokers.​

Merchant Bankers and Registrar

Equirus Capital Private Limited, ICICI Securities Limited, and Motilal Oswal Investment Advisors Limited serve as book-running lead managers. Kfin Technologies Limited acts as the registrar, handling allotment status checks via PAN, DP ID, or application number.

Object Of The Issue

• Repayment / prepayment, in full or in part, of certain borrowings availed by the Company.
• General corporate purposes.

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GMP and Review

Grey market premium (GMP) data is unavailable as the IPO awaits official pricing, but market buzz highlights CMR’s top market share in secondary aluminium revenue for FY25. The IPO earns a positive review for its capacity edge—four times the nearest rival—and growth in a sector projected to hit USD 10 billion by 2030, though risks like raw material volatility persist.

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Allotment and Listing Details

Allotment status will appear on Kfin’s site post-basis finalization, with refunds and demat credits following soon after. Listing on BSE and NSE is TBA; check NSE/BSE portals or registrar for live updates using application details.

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Promoters Holding Pattern

Promoters include Mohan Agarwal, Pratibha Agarwal, and Akshay Agarwal, with pre-issue shares at around 21.90 crore. Post-IPO holding will adjust via OFS, reflecting family-led control in this Faridabad-based firm.

CMR Green Technologies Limited: Company Overview

CMR Green Technologies Limited stands as India’s largest producer of aluminium and zinc die-casting alloys, boasting a combined annual capacity exceeding 605,850 MT across 13 manufacturing plants, including joint ventures with Japanese firms like Toyota Tsusho and Nippon Light Metal.

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Business Operations

The company specializes in recycling non-ferrous scrap into high-quality alloys for automotive, construction, and consumer sectors, using advanced tech like regenerative burners, eddy current separators, and induction sorters. Operating 12 sorting facilities nationwide, CMR processes around 600,000 tonnes of scrap yearly, segregating metals such as aluminium, zinc, copper, and stainless steel while supplying molten metal directly to OEMs and Tier-1 suppliers.​

Founded in 2005 as Grand Metal Industries Private Limited in New Delhi, it kicked off operations in 2006 with a state-of-the-art plant in Tatarpur near Delhi, pioneering large-scale aluminium recycling in an unorganized market.​

Leadership and Promoters

Family-led by promoters Gauri Shankar Agarwala, Mohan Agarwal, Kalawati Agarwal, and Pratibha Agarwal, the board includes Managing Director Mohan Agarwal, Whole-time Directors Akshay and Raghav Agarwal, plus independents like Balvinder Kumar and Rashmi Verma. Nominee directors from partners enhance global expertise.​

Facilities and Reach

Spread across six Indian states, CMR’s plants leverage proximity to customers for timely molten metal delivery, investing in upgrades every 2-3 years for quality and efficiency.​

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Financial Statements

CMR reported robust growth, with FY25 total income at ₹6,696.66 crore (up from ₹5,968.44 crore in FY24) and PAT at ₹155.04 crore versus a ₹838.56 crore loss prior. EBITDA rose to ₹303.72 crore in FY25 from ₹217.40 crore, driven by 13 facilities recycling aluminium alloys for automotive sectors.​

Valuation and Peer Comparison

Valuation metrics like P/E await price band, but FY25 EPS stands at ₹6.50 with ROCE around 21-24%. Peers show varied multiples; CMR’s scale in recycling positions it strongly despite FY24 dip.

Company Address and Contact Details

Registered and corporate office: 7th Floor, Tower 2, L&T Business Park, 12/4 Delhi Mathura Road, Faridabad-121003, Haryana, India.​

• CIN: U00337HR2005PLC085675

• Phone: +91 129 4223050

• Fax: +91 129 42223052

• Email: complianceofficer@cmr.co.in or century@cmr.co.in

• Website: www.cmr.co.in

Registrar Contact Details

Name: Kfin Technologies Ltd.

Website: Kfintech.com

Email: einward.ris@kfintech.com

Nadim

Mr. Nadim Abbas M G is an Intermediate Chartered Accountant with a strong background in Information Technology. He combines his expertise in IT with a deep understanding of the stock market, making him a valuable resource for both financial and technical insights. With hands-on experience in accounting, IT systems, and stock market analysis, Nadim excels in bridging the gap between finance and technology, offering strategic advice and expert guidance in both domains.