CMR Green Technologies IPO Opens Today: Price Band, GMP and Key Details
- 3rd June 2026
- 11:00 AM
- 3 min read
Summary
CMR Green Technologies IPO opened for public subscription on 3 June, with bidding running until 5 June. The issue is priced at ₹182–192 per share and is structured entirely as an offer for sale. The company raised ₹188.44 crore from anchor investors on 2 June. Shares are tentatively scheduled to list on BSE and NSE on 10 June.Mumbai | 3 June 2025
CMR Green Technologies opened its initial public offering for public subscription on Wednesday, with the entire issue structured as an offer for sale by existing promoters and investors.
What Is the Price Band and Lot Size?
The price band is set at ₹182–192 per share. The minimum lot size is 78 equity shares, requiring a minimum investment of ₹14,976 at the upper end of the band. Up to 50% of the issue is reserved for qualified institutional buyers, at least 15% for non-institutional investors, and at least 35% for retail investors. Shares worth ₹2.5 crore have been set aside for eligible employees, offered at a discount to the issue price.
How Did the Anchor Allotment Go?
On 2 June, CMR Green Technologies allotted 98.14 lakh equity shares to 18 anchor investors at ₹192 per share, raising ₹188.44 crore. Participants included SBI Mutual Fund, ICICI Prudential Mutual Fund, HDFC Mutual Fund, Nippon India Mutual Fund, Kotak Mutual Fund, Goldman Sachs, 360 One Equity Opportunity Fund, Abakkus Growth Fund, BNP Paribas, Citigroup Global Markets Mauritius, and Susquehanna Pacific.
What Is the Grey Market Premium Today?
According to Chittorgarh, the grey market premium stands at ₹63 per share.
Disclaimer: Grey market premiums are unofficial and do not guarantee listing performance. Investors should exercise independent judgement.
What Is the OFS Structure and Who Are the Sellers?
The issue consists solely of an offer for sale of 3.28 crore equity shares. Promoters Mohan Agarwal, Gauri Shankar Agarwala HUF, and Mohan Agarwal HUF will collectively sell 64.59 lakh shares. Investor Global Scrap Processors will sell approximately 2.6 crore shares. As the issue carries no fresh issue component, CMR Green Technologies will receive no proceeds from the IPO. Equirus Capital, ICICI Securities, and Motilal Oswal Investment Advisors are the book running lead managers.
What Is the Day 1 Subscription Status?
By 10:27 IST on day one, the issue had received bids for 53,57,274 shares against 2,30,43,930 shares on offer. Overall subscription stood at 21%, with the retail portion at 25% and the NII portion at 50%. The QIB category had not yet received bids at that time.
Key Dates
Allotment is expected to be finalised on 8 June. Refunds and demat credits are scheduled for 9 June. The tentative listing date on BSE and NSE is 10 June.
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