This amazing share can be listed beyond ₹ 260 on the very first day, investors placed 127 times bigger bet

A very big and profitable news is coming out for the investors earning through IPO in the Indian stock market. The IPO of metal recycling sector giant CMR Green Technologies has received an overwhelming response from investors in the market. Investors have placed bets of more than 127 times on this IPO. Due to huge demand, the company’s shares are continuously making waves in the gray market and its gray market premium (GMP) is skyrocketing. If we look at the current market signals, this stock seems all set to make investors rich by getting listed above ₹ 260 with a bumper premium of more than 37 percent on its very first day.

Price band of ₹ 192 and GMP of the company reached ₹ 71

CMR Green Technologies had fixed the price per share for its IPO at ₹192. At the same time, according to analysts keeping an eye on the movement of the gray market, its gray market premium (GMP) has reached a strong level of ₹ 71. If the current GMP and issue price are combined, then CMR Green Technologies shares can be listed in the market at a whopping price of ₹ 263. This means that the lucky investors who will get the allotment of this IPO can make a huge profit of around ₹71 per share on the very first day of listing. This IPO was open for investment on June 3 and closed on June 5.

Know on which date the allotment will take place and when is the listing date.

After the closure of the IPO, now investors are eagerly waiting for its allotment. As per the schedule, the allotment of shares of CMR Green Technologies will be finalized on June 8. Refunds to those investors who will not be able to get their shares will be issued after this. At the same time, investors who have share credits in their demat account will be able to trade them when the market opens on June 10. The company’s shares are going to be listed simultaneously on both the major platforms Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). Mohan Aggarwal, Pratibha Aggarwal, Akshay Aggarwal and Raghav Aggarwal are the main promoters of the company, who held a majority stake of 86.95 percent in the company before the IPO.

Records broken in every category, QIB bet 240 times

If we look at the subscription figures, this IPO has received a total of 127.07 times subscription. The maximum enthusiasm was seen in the Qualified Institutional Buyers (QIB) category, where this quota was subscribed 240.46 times, breaking the record. After this, bets in the category of Non-Institutional Investors (NII) also increased by 172.35 times. Talking about the quota of general retail investors, it was subscribed 27.08 times, while the quota of company employees was subscribed 18.53 times. In this IPO, common investors were given the option to bid for a minimum of 1 lot (78 shares) and a maximum of 13 lots.

What does CMR Green Technologies do?

CMR Green Technologies Limited, established in the year 2006, is primarily a non-ferrous metal recycler company. This company specializes in manufacturing aluminum and zinc die-casting alloys. Apart from this, the company also manufactures recycled aluminum alloy, zinc alloy ingots and segregated furnace ready scrap of stainless steel, copper, brass and lead on a large scale. The demand for aluminum billets manufactured by the company is high in both automotive and non-automotive sectors. According to the data available till December 2025, there are 784 permanent employees and about 3,956 contract workers associated with this company, which shows its strong business model.