NE BUSINESS BUREAU
AHMEDABAD, JUNE 1
CMR Green Technologies Limited, one of India’s prominent metal recycling and sustainable manufacturing companies, is set to open its much-anticipated Initial Public Offering (IPO) on June 3, 2026, offering investors an opportunity to participate in the country’s growing circular economy and recycling sector.
CMR Green Technologies Set for Market Debut
- CMR Green Technologies’ ₹182-192 price band IPO opens for public subscription on June 3.
- Offer comprises sale of up to 3.29 crore equity shares by promoters and existing investor shareholders.
- Eligible employees to receive a discount of up to ₹18 per share.
- Anchor investor bidding scheduled for June 2; public issue closes on June 5.
- Shares proposed to be listed on both NSE and BSE through the book-building route.
The company has fixed the price band for the issue at ₹182 to ₹192 per equity share, with the public subscription window opening on Wednesday, June 3, and closing on Friday, June 5.
The anchor investor portion will open and close on June 2, a day ahead of the public issue.
Offer Structure and Shareholder Exit
The IPO is entirely an Offer for Sale (OFS) comprising up to 32,858,323 equity shares with a face value of ₹2 each.
The shares are being offered by promoter shareholders, promoter group shareholders and investor shareholder Global Scrap Processors Limited.
Under the employee reservation category, eligible employees will receive a discount of up to ₹18 per equity share, reinforcing the company’s commitment to employee participation in its growth journey.
Investors can bid for a minimum of 78 equity shares and in multiples thereof.
Focus on India’s Expanding Recycling Economy
The public issue comes at a time when India’s recycling and sustainable manufacturing sectors are witnessing increasing policy support and industrial demand.
CMR Green Technologies has built its presence in metal recycling and resource recovery, positioning itself to benefit from rising environmental awareness, resource efficiency initiatives and the growing push towards a circular economy.
Industry experts believe the sector is likely to play a critical role in India’s sustainability goals and manufacturing ambitions over the coming decade.
Institutional Participation Framework in Place
The issue is being launched through the book-building process in accordance with the Securities and Exchange Board of India (SEBI) regulations.
Not more than 50 per cent of the net offer will be available to Qualified Institutional Buyers (QIBs), while at least 15 per cent has been earmarked for Non-Institutional Investors (NIIs) and a minimum of 35 per cent for Retail Individual Investors.
The offer also includes provisions for anchor investors, domestic mutual funds, insurance companies and pension funds, ensuring broad institutional participation.
All non-anchor investors will be required to apply through the ASBA mechanism.
Top Investment Banks Lead the Issue
The equity shares are proposed to be listed on both the National Stock Exchange (NSE) and BSE, with BSE serving as the designated stock exchange for the issue.
The Red Herring Prospectus (RHP) was filed with the Registrar of Companies, Haryana at Chandigarh on May 27, 2026.
The issue is being managed by leading investment bankers Equirus Capital Limited, ICICI Securities Limited and Motilal Oswal Investment Advisors Limited, who are acting as the Book Running Lead Managers (BRLMs) to the offer.
Market participants will closely watch investor response to the issue as India’s sustainability and recycling sectors continue to attract increasing attention from institutional and retail investors alike.
