CMR Group is the largest metal recycler and producer of aluminum and zinc alloys for die casting. It has a combined annual capacity of over 310,700 MT.
It is primarily focused 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 ingots. Among the major key end-use industries, demand from the automotive industry forms a large portion of total volumes of secondary aluminium in India and this demand is expected to grow at 14-15% CAGR over Fiscal 2021 and Fiscal 2025 It is also engaged in the manufacturing of zinc alloys.
CMR Group has 12 manufacturing plants including 4 plants under two joint ventures with Japanese companies Toyota Tsusho Corporation and Nikkei MC Aluminum. Of these, 10 plants conduct aluminum recycling operations targeting the automotive industry in India and overseas.
CMR Group’s customers primarily include the automotive and engineering industries in India. These include Maruti Suzuki, Toyota, Hero Moto Corp, Rockman, Ahresty and many more.
In addition, it is in the process of setting up a cold refining plant in Gujarat to create further operational efficiency and reduce logistics costs.
In addition to aluminium recycling, we focus on segregation and recycling of other metals such as stainless steel, copper, brass, zinc, magnesium and steel that form part of the mixed metal scrap that we procure, and recycling of end-of-life vehicles (“ELVs”) where we undertake dismantling, shredding and sorting of ELV parts
Competitive Strengths
- Leading recycler in the domestic aluminium recycling industry in India
- Long-standing relationships with our customers
- Leading supplier of liquid aluminium alloy
- Strategic alliances through joint ventures
- Strong and diversified supplier base for sourcing raw materials
- Environment friendly business supported by green technologies and processes
- Our facilities, technology, quality processes and engineering expertise
- Experienced and qualified management team with a focus on ESG practices
Company Promoters
- Gauri Shankar Agarwala
- Mohan Agarwal
- Kalawati Agarwal
- Pratibha Agarwal
Company Financials
| Particulars | 31 March 2021 | 31 March 2020 | 31 March 2019 |
| Total Revenue | 2927.29 | 0 | 0.007 |
| Total Expense | 2647.11 | 0.010 | 0.015 |
| Profit Before Tax | 280.38 | 0.123 | 0.049 |
| Profit After Tax | 40.72 | 0.123 | 0.049 |
Object Of The Issue
- Repayment / prepayment, in full or in part, of certain borrowings availed by the Company.
- General corporate purposes.
CMR Green Technologies IPO Strengths
- Large operating scale
- Organic expansion through tie-ups and JVs
- Compliance and certifications, indicating product quality
- Strong market presence
- Nearness to the end market (proximity to key demand clusters)
- Higher market share for molten metal
CMR Green Technologies IPO Risks
- One among their lenders has alleged that they have defaulted on the repayment of certain amounts under a facility that their Company has taken out, and has filed several lawsuits against them, including a corporate insolvency resolution process.
- They rely on a small number of clients for a large part of their earnings.
- They do not have long-term contracts with any of their customers.
- Supply and pricing volatility in their raw materials may have a negative impact on their operations.
- There is pending lawsuit against their Company, its subsidiaries, directors, and promoters, which, if things goes against them, it might have a negative impact on their operations and cash flows.
CMR Green Technologies IPO – Details
| IPO Opening Date | October 2022 |
| IPO Closing Date | October 2022 |
| Issue Type | Book Built Issue IPO |
| Issue Size | – |
| Fresh Issue | – |
| Face Value | ₹2 per equity share |
| IPO Price | – |
| Market Lot | – |
| Min Order | – |
| Listing At | BSE, NSE |
| Register | KFin Technologies Limited |
| QIB Shares Offered | Not more than 75% of the Net Offer |
| Retail Shares Offered | Not less than 10% of the Net Offer |
| NII (HNI) Shares Offered | Not less than 15% of the Net Offer |
CMR Green Technologies IPO – Date Schedule
| IPO Open Date | October 2022 |
| IPO Close Date | October 2022 |
| Basis of Allotment Date | October 2022 |
| Initiation of Refunds | October 2022 |
| Credit of Shares to Demat Account | October 2022 |
| IPO Listing Date | October 2022 |
CMR Green Technologies IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Minimum | – | – | – |
| Maximum | – | – | – |
CMR Green Technologies IPO Prospectus
Company Contact Information
| CMR Green Technologies Ltd Unit Nos. 802-803, 8th Floor, SSR Corporate Park, Sector 27 B, Faridabad 121 003 Phone: +91 129 422 3050 Email: complianceofficer@cmr.co.in Website: https://www.cmr.co.in/ |
CMR Green Technologies IPO Registrar
| KFin Technologies Limited Phone: 04067162222, 04079611000 Email: cmr.ipo@kfintech.com Website: https://karisma.kfintech.com/ |
CMR Green Technologies IPO Lead Manager(s)
| 1. ICICI Securities Limited 2. Axis Capital Limited 3. JM Financial Consultants Private Limited |
CMR Green Technologies IPO FAQs
| What is CMR Green Technologies IPO? CMR Green Technologies IPO is a main-board IPO. The issue is priced at ₹[] to ₹[] per equity share. The IPO is to be listed on BSE & NSE. |
| When CMR Green Technologies IPO will open? The IPO is to open on [] October 2022 for QIB, NII, and Retail Investors. |
| What is CMR Green Technologies IPO Investors Portion? The investors’ portion for QIB-75%, NII-15%, and Retail 10%. |
| How to Apply the CMR Green Technologies IPO? You can apply CMR Green Technologies IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the CMR Green Technologies IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “CMR Green Technologies”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the CMR Green Technologies IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “CMR Green Technologies”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the CMR Green Technologies IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “CMR Green Technologies”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the CMR Green Technologies IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “CMR Green Technologies”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is CMR Green Technologies IPO Size? CMR Green Technologies IPO size is ₹[] crores. |
| What is CMR Green Technologies IPO Price Band? CMR Green Technologies IPO Price Band is ₹[] to ₹[]. |
| What is CMR Green Technologies IPO Minimum and Maximum Lot Size? The minimum bid is [] Shares with ₹[] amount while the maximum bid is [] shares with ₹[]. |
| What is the CMR Green Technologies IPO Allotment Date? CMR Green Technologies IPO allotment date is [] October 2022. |
| What is the CMR Green Technologies IPO Listing Date? CMR Green Technologies IPO listing date is [] October 2022. The IPO is to list on BSE and NSE. |
