Noida, June 5 (APAC Media): The initial public offering (IPO) of CMR Green Technologies continued to draw steady investor interest on its third and final day of subscription on Thursday, with overall demand improving across investor categories.
The ₹630.88 crore issue, which opened for subscription on June 3, is witnessing stronger traction from retail and non-institutional investors, while institutional participation is expected to strengthen as bidding closes later in the day.
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According to market data, the IPO has seen a gradual pickup in subscriptions compared to the opening day, reflecting improving investor sentiment toward the metal recycling company.
CMR Green Technologies IPO – Day 3
| Parameter | Details |
|---|---|
| Issue Size | ₹630.88 crore |
| Price Band | ₹182 – ₹192 |
| Issue Type | 100% Offer for Sale (OFS) |
| Lot Size | 78 shares |
| Listing Date (Expected) | June 10, 2026 |
| Subscription Period | June 3 – June 5, 2026 |
The issue is a complete offer-for-sale (OFS), under which existing shareholders are divesting their stake, and the company will not receive any proceeds from the issue.
Market observers noted that the grey market premium (GMP) for CMR Green Technologies remains firm, indicating expectations of a healthy listing gain.
Estimated Listing Scenario
| Factor | Observation |
|---|---|
| Expected Listing Gain | ~30%–37% |
| Estimated Listing Price Range | ₹245 – ₹265 (approx) |
| Market Sentiment | Bullish |
| Risk Factor | High reliance on GMP (unofficial indicator) |
Informal market indicators suggest a potential listing premium in the range of 30–37% over the upper price band of ₹192 per share, although analysts caution that GMP is unofficial and subject to volatility.
Grey Market Premium (GMP) Trend
| Day | GMP | Sentiment |
|---|---|---|
| Day 1 | ~33% | Positive start |
| Day 2 | ~31% | Stable |
| Day 3 | ~37% | Strong bullish sentiment |
The price band for the issue has been fixed at ₹182–₹192 per share, with a lot size of 78 shares. The company operates in the non-ferrous metal recycling segment, supplying aluminium alloys and processed metal products to automotive and industrial clients.
Analysts say investor interest has been supported by the company’s position in the circular economy and growing demand for recycled metals, though they also highlight risks linked to commodity price fluctuations and cyclical demand in the auto sector.
The IPO allotment is expected to be finalised on June 8, with listing scheduled for June 10.
–ENDS–
Disclaimer:Â Views expressed are those of experts and do not reflect APAC Media. This is for informational purposes only, not financial advice. We are not responsible for investment decisions. Please consult a qualified financial advisor before investing.
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