CMR Green Technologies’ Initial Public Offer to open on June 3, 2026
FinTech BizNews Service
Mumbai, 29 May 2026: CMR Green Technologies Limited (“CMR” or “The Company”), shall open the Bid / Offer Period in relation to its initial public offer of the Equity Shares on Wednesday, June 3, 2026.
RHP Link: https://www.icicisecurities.com/cmr-green-technologies-ltd
L to R: Akshay Agarwal (Whole time Director), Mr. Mohan Agarwal (CMD),
The Offer comprises an offer for sale of up to 32,858,323 Equity Shares (“Offered Shares”) (face value Rs 2 each) (“Equity Share(s)”) by the Selling Shareholders. The Offered Shares comprises up to 4,959,428 Equity Shares by Mohan Agarwal (the “Promoter Selling Shareholders”), up to 1,000,000 Equity Shares by Gauri Shankar Agarwala HUF (through Its karta), up to 500,000 Equity Shares by Mohan Agarwal HUF (through its karta) (the “Promoter Group Selling Shareholders”) and up to 26,398,895 Equity Shares by Global Scrap Processors Limited (the “Investor Selling Shareholder”) (collectively, the “Selling Shareholders”) (such offer for sale of the Equity Shares by the Selling Shareholders, the “Offer” or “Offer for Sale”).
This Offer includes a reservation of up to such number of Equity Shares aggregating up to Rs 25.00 million for subscription by eligible employees (the “Employee Reservation Portion”).
The Anchor Investor Bid/Offer Period opens and closes on Tuesday, June 2, 2026. The Bid/Offer Period will open on Wednesday, June 3, 2026 for subscription and close on Friday, June 5, 2026 (“Bid Details”).
Bids can be made for a minimum of 78 Equity Shares and in multiples of 78 Equity Shares thereafter (the “Minimum Bid Lot”).
This Equity Shares are being offered through the Red Herring Prospectus of the Company dated May 27, 2026, (the “RHP”) filed with the Registrar of Companies, Haryana at Chandigarh.
The Equity Shares to be offered through the Red Herring Prospectus are proposed to be listed on the stock exchanges being BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE” together with BSE, the “Stock Exchanges”). For the purposes of the Offer, BSE is the Designated Stock Exchange (the “Listing Details”).
Equirus Capital Limited (formerly known as Equirus Capital Private Limited)ICICI Securities Limited and Motilal Oswal Investment Advisors Limited are the book running lead managers to the Offer (“BRLMs”).
About CMR Green Technologies Ltd.
CMR Green is the leading non-ferrous metal recycler in terms of installed capacity as of March 31, 2025 and has the highest market share in the Indian secondary aluminium market in terms of revenue from operations for the Fiscal 2025 amongst the peer companies (Source: ICRA Report). CMR Green has a capacity advantage over domestic players, with an installed capacity of around *4 times of the nearest competitor in the domestic recycled aluminium space*, as of March 31, 2025 (Source: ICRA Report). CMR Green ranks among the largest players in the global aluminium recycling industry in terms of installed capacity as of March 31, 2025 (Source: ICRA Report). CMR Green manufacture recycled aluminium alloys (in ingot and liquid form), zinc alloy ingots, dross and segregated furnace ready scrap of stainless steel, copper, brass, zinc, lead and magnesium, amongst others.
CMR Green's customers primarily include original equipment manufacturers (“OEMs”) and Tier 1 companies in the automotive manufacturing sector. Tier 1 companies are companies that directly supply to OEMs. Some of their OEM customers include *Maruti Suzuki India Limited, Honda Cars India Limited, Bajaj Auto Limited, Hero MotoCorp Limited, Royal Enfield Motors Limited, Samvardhana Motherson Auto Component Private Limited and India Yamaha Motor Private Limited, while their customers, who are Tier 1 companies include Toyota Industries Engine India Private Limited, Rockman Industries Limited, Sunbeam Lightweighting Solutions Private Limited, Endurance Technologies Limited, Craftsman Automation Limited, Gabriel India Limited and Honda Trading Corporation*, among others. their customers for other metal are various manufacturers including *Jindal Stainless Limited and Aurubis GmBH* that further use these metals as raw material for their foundries. In the wrought aluminium recycling space, their customers include *Hindalco Industries Limited*, among others.
