CMR Green Technologies 127x Subscribed IPO Lists At 43% Premium; Check Key Details

Indian equity benchmarks opened higher on Wednesday despite global markets trading largely flat to positive. Gift Nifty was trading near the 23,290 mark, around 13 points below the previous close of Nifty futures. However, buying across frontline stocks lifted sentiment, with the Nifty 50 trading at 23,347.75, up 105.65 points or 0.45 per cent. Amid the positive market mood, CMR Green Technologies share price made a strong stock market debut, listing at Rs 275.40 on the BSE, a premium of 43.44 per cent over its issue price of Rs 192 per share.

CMR Green Technologies Strong Stock Market Debut

Shares of CMR Green Technologies made a strong debut on the stock exchanges on Wednesday, June 10, 2026, following the completion of its initial public offering (IPO), through which the company raised Rs 630.88 crore.

The stock was listed at Rs 275.40 per share on the BSE, representing a premium of Rs 83.40, or 43.44 per cent, over the issue price of Rs 192 per share.

On the National Stock Exchange (NSE), the shares debuted at Rs 268 per share, reflecting a premium of Rs 76, or 39.58 per cent, compared with the IPO price.

Listing Exceeds Grey Market Expectations

The stock's debut surpassed grey market expectations. Ahead of listing, CMR Green Technologies' shares were reportedly trading around Rs 260 per share in the unofficial market, implying a grey market premium (GMP) of Rs 68 per share, or 35.42 per cent over the issue price.

The actual listing premium on the BSE was higher than the prevailing grey market estimates, indicating strong investor demand for the stock.

CMR Green Technologies IPO Details

The IPO comprised an entirely Offer For Sale (OFS) of 3.29 crore equity shares, aggregating Rs 630.88 crore.

Promoter group entities including Mohan Agarwal, Gauri Shankar Agarwala HUF (through its karta), and Mohan Agarwal HUF (through its karta) participated in the offer. Investor group entity Global Scrap Processors also sold a portion of its stake through the IPO.

Since the issue was entirely an OFS, CMR Green Technologies will not receive any proceeds from the offering, with the proceeds going to the selling shareholders after applicable expenses and Taxes.

CMR Green Technologies Subscription Details

The IPO received an overwhelming response from investors, attracting bids for 2,92,75,44,594 shares against 2,30,43,930 shares on offer, resulting in an overall subscription of 127.04 times.

The Qualified Institutional Buyers (QIB) category led demand with a subscription of 270.46 times. The Non-Institutional Investors (NII) portion was subscribed 172.35 times, while the Retail Investor category witnessed a subscription of 27.03 times. 

The basis of allotment was finalised on June 8, 2026, while the issue price was fixed at Rs 192 per share.

About CMR Green Technologies

CMR Green Technologies is a non-ferrous metal recycling company and a producer of secondary aluminium products. The company is engaged in converting recycled metal scrap into value-added aluminium products catering to various industries.

The company operates in the circular economy segment through recycling and processing of non-ferrous metals, supporting resource efficiency and sustainable manufacturing practices.

What are your thoughts on CMR Green Technologies' strong stock market debut? Share your views in the comments below.
Disclaimer: The article is for informational purposes only and not investment advice.