Investors investing in the stock market often keep an eye on big main board IPOs. Whenever any major IPO comes in the market, there is a lot of enthusiasm among investors regarding it.
Entertainment News: Investors’ enthusiasm in the Indian primary market (IPO market) is once again at its peak. The IPO of CMR Green Technologies, a company in the non-ferrous metal recycling sector, is in the headlines due to huge demand among investors. The company’s IPO was subscribed a total of 127.04 times, indicating strong investor confidence in the issue.
According to market experts, due to strong subscription and increasing gray market premium (GMP), there may be a positive trend on the listing of this IPO.
record breaking subscription
This ₹630.88 crore book-build issue received an overwhelming response from investors, according to NSE data. Bids were received for about 292 crore shares against the total number of 2.3 crore shares. Segment-wise subscription was as follows:
- Qualified Institutional Buyers (QIB): 270.46 times
- Non-Institutional Investors (NII): 172.34 times
- Retail investors: 27.02 times
Experts say this level of subscription generally indicates strong listing gains, although the final performance will depend on market conditions.
IPO structure and price band
This issue of CMR Green Technologies is completely based on Offer for Sale (OFS), under which the promoters and existing shareholders are selling their stake. Key Details:
- Total issue size: ₹630.88 crore
- Face value: ₹2 per share
- Price Band: ₹182 to ₹192 per share
- Lot Size: 78 shares
- Listing Platform: NSE and BSE
The IPO opened on 3 June 2026 and closed on 5 June 2026.
Strong signals in gray market
The gray market premium (GMP) of this IPO in the unlisted market has reached the level of around ₹70–₹72, which represents a premium of around 35–38%. On this basis, the estimated listing price could be around ₹260–₹265, which is considered to be much higher than the upper band of the issue price. GMP has seen a continuous increase in the last one week, which reflects strong demand and positive sentiment from investors.
CMR Green Technologies is a metal recycling company that primarily processes industrial metal waste into recyclable materials. The company is particularly focused on aluminum recycling, which is a vital raw material for the automobile and manufacturing sectors.
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