CMR Green Technologies Limited is India’s leading non-ferrous metal recycling company and a key player in the secondary aluminium market. The company specializes in manufacturing recycled aluminium and zinc die-casting alloys, serving the growing demand for sustainable and low-carbon metal solutions.
CMR converts metal scrap into value-added products used across automotive and industrial applications. Its core business focuses on producing recycled aluminium alloys in both ingot and liquid form, along with zinc alloy ingots and segregated furnace-ready scrap of various non-ferrous metals.
The company also manufactures aluminium billets, catering to both automotive and non-automotive sectors, further expanding its product portfolio in the recycled metals value chain.
CMR Green Technologies offers a diversified range of recycled metal products, including:
- Aluminium Alloy Ingots
- Liquid Aluminium Metal
- Aluminium Billets
- Zinc Alloy Ingots
- Copper Scrap
- Brass Scrap
- Stainless Steel Scrap
CMR Green Technologies supplies leading automotive and industrial customers, including Honda Cars India, Bajaj Auto, Hero MotoCorp, Royal Enfield, Maruti Suzuki, and Jindal Stainless.
CMR operates 13 recycling facilities across India, strategically located near key industrial and automotive manufacturing hubs. Its wide manufacturing footprint enables efficient sourcing, processing, and supply of recycled metals to customers across the country.
As of December 31, 2025, CMR Green Technologies had 784 permanent employees and 3,956 contractual workmen across its operations.
CMR Green Technologies IPO – Details
| IPO Opening Date | 03 June 2026 |
| IPO Closing Date | 05 June 2026 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 3,28,58,323 Shares Worth ₹630.88 Crore Offer For Sale: 3,28,58,323 Shares Worth ₹630.88 Crore |
| Face Value | ₹2 per equity share |
| IPO Price | ₹182 – ₹192 per share |
| Market Lot | 78 Shares |
| Min Order | 78 Shares [ 1 Lot ] |
| Listing At | BSE, NSE |
| Register | Kfin Technologies Ltd. |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
CMR Green Technologies IPO – Date Schedule
| IPO Open Date | 03 June 2026 |
| IPO Close Date | 05 June 2026 |
| Basis of Allotment | 08 June 2026 |
| Initiation of Refund | 09 June 2026 |
| Credit of Shares to Demat Account | 09 June 2026 |
| IPO Listing Date | 10 June 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 05, 2026 |
CMR Green Technologies IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 78 | ₹14,976 |
| Retail (Max) | 13 | 1014 | ₹1,94,688 |
| S-HNI (Min) | 14 | 1092 | ₹2,09,664 |
| S-HNI (Max) | 66 | 5148 | ₹9,88,416 |
| B-HNI (Min) | 67 | 5226 | ₹10,03,392 |
Competitive Strength
- Leading recycler in the domestic aluminium recycling industry in India, with significant entry barriers, also positioned as a critical enabler of the aluminium industry’s decarbonization imperative.
- Leading supplier of liquid aluminium alloy.
- Strong and diversified supplier base for sourcing raw materials.
- Long-standing relationships with our customers.
- Strategic alliances through joint ventures.
- Facilities, technology, quality processes, and engineering expertise.
Company Promoters
- Mohan Agarwal
- Pratibha Agarwal
- Akshay Agarwal
- Raghav Agarwal
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2023 | ₹5,889.00 Cr | ₹5,751.70 Cr | ₹104.51 Cr | ₹368.19 Cr |
| 31 March 2024 | ₹5,968.44 Cr | ₹5,838.39 Cr | – ₹838.56 Cr | ₹498.65 Cr |
| 31 March 2025 | ₹6,696.66 Cr | ₹6,486.67 Cr | ₹155.04 Cr | ₹894.03 Cr |
| 31 December 2025 | ₹6,291.00 Cr | ₹6,074.51 Cr | ₹162.39 Cr | ₹1,303.22 Cr |
Key Performance Indicator
| KPI | Values (Dec 31, 2025) |
|---|---|
| ROE | 0.10% |
| ROCE | 9.30% |
| Debt/Equity | 0.76 |
| RoNW | 24.92% |
| PAT Margin | 2.59% |
| EBITDA Margin | 5.17% |
| Pre IPO | Post IPO | |
| EPS (₹) | 7.08 | 9.88 |
| P/E (x) | 27.13 | 19.42 |
Object Of The Issue
- To carry out the Offer for Sale by the selling shareholders.
- To achieve the listing of the company’s equity shares on the BSE and the NSE.
Since the IPO is a complete OFS, CMR Green Technologies will not receive any proceeds from the issue. The proceeds will go to the selling shareholders after deducting offer-related expenses. The listing is expected to improve the company’s visibility, strengthen brand recognition, and provide liquidity to existing shareholders.
CMR Green Technologies IPO Peer Comparison
| S. No. | Face Value (₹) | Company Name | P/E Ratio |
|---|---|---|---|
| 1 | 5 | Pondy Oxides and Chemicals Limited | 62.64 |
| 2 | 2 | Gravita India Limited | 37.36 |
| 3 | 10 | Baheti Recycling Industries Limited | 34.59 |
| 4 | 2 | Jain Resource Recycling Limited | 76.20 |
✅Strengths
- Leading player in aluminium recycling in India by installed capacity.
- Strong presence in the secondary aluminium market with a diversified product portfolio.
- Key supplier of liquid aluminium alloy to automotive manufacturers.
- Long-term relationships with leading OEMs like Honda, Bajaj Auto, Hero MotoCorp, Maruti Suzuki, etc.
- 13 manufacturing facilities across India near key auto and industrial hubs.
- Wide global scrap sourcing network across multiple countries.
- Well-positioned to benefit from increasing focus on recycling, sustainability and decarbonisation.
⚠️Risks
- Revenue is significantly dependent on the automotive industry; a slowdown in auto demand may impact business.
- Businesses depend on the continuous availability and pricing of metal scrap/raw materials.
- Fluctuations in aluminium and other metal prices can affect margins.
- Exposed to global economic and geopolitical risks, which may impact sourcing and demand.
- Since IPO is fully Offer for Sale, the company will not receive any funds from the issue.
- Foreign exchange fluctuations may impact imported scrap procurement costs.
CMR Green Technologies IPO Promoter Holding
| Pre-Issue Share Holding | 86.95% |
| Post Issue Share Holding | 84.00% |
CMR Green Technologies IPO Prospectus
Company Contact Information
| CMR Green Technologies Ltd. 7th Floor, Tower 2, L & T Business Park, 12/4 Delhi, Mathura Road, Faridabad, Haryana, 121003 Phone: +91 129 4223050 Email: complianceofficer@cmr.co.in Website: https://cmr.co.in/ |
CMR Green Technologies IPO Registrar
| Kfin Technologies Ltd. Phone: 04067162222, 04079611000 Email: cmr.ipo@kfintech.com Website: https://ipostatus.kfintech.com/ |
CMR Green Technologies IPO Lead Manager(s)
| 1. Equirus Capital Limited 2. ICICI Securities Limited 3. Motilal Oswal Investment Advisors Limited |
CMR Green Technologies IPO FAQs
| What is the CMR Green Technologies IPO? CMR Green Technologies IPO is a main-board IPO. The issue is priced at ₹182 to ₹192 per equity share. The IPO is to be listed on the BSE & NSE. |
| When will the CMR Green Technologies IPO open? The IPO is to open on 03 June 2026 for QIB, NII, and Retail Investors. |
| What is CMR Green Technologies IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| What is the CMR Green Technologies IPO Size? CMR Green Technologies IPO size is ₹630.88 Crore. |
| What is the CMR Green Technologies IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 78 Shares with ₹14,976, while the maximum bid is 1014 Shares with ₹1,94,688. |
| What is the CMR Green Technologies IPO Allotment Date? CMR Green Technologies IPO allotment date is 08 June 2026. |
| What is the CMR Green Technologies IPO Listing Date? CMR Green Technologies IPO listing date is 10 June 2026. The IPO is to be listed on the BSE and the NSE. |
