CMR Green Technologies IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP

CMR Green Technologies IPO is a metal recycler and producer of Aluminium and Zinc die-casting alloys. The entity is ranked as the largest in this segment having real strong annual capacity.

The company is coming with an IPO comprising of a Fresh Issue of Equity Shares and an Offer for Sale by the shareholders of the company.

The DRHP for the CMR Green Technologies IPO has been filed with SEBI and the company is prepping for the IPO in full swing.

CMR Green Technologies IPO Review will be of great assistance for you if you are planning to invest in this company and join its journey.

CMR Green Technologies IPO Overview

CMR Green Technologies was brought up in 2005 and ever since it has risen more and more strongly every year.

And today it stands tall among other companies from the same industry.

CMR Green Technologies IPO is going to be a turning point in the journey as going public and opening arms wide to the public will have high

impact on the operations and visibility of the company.

The IPO consists of fresh equity share and offer for sale where the promoters and selling shareholders of the company will be offloading their shareholding.

CMR Green Technologies IPO Important Dates

CMR Green Technologies IPO Dates are not out yet. The company has filed the Draft Red Herring Prospectus but is yet to receive the approval from SEBI.

SEBI is the regulatory body of the capital market and every company aspiring to offer its shares to the public at large have to get approval from SEBI.

Also, the entire process of IPO proceedings should be led out according to the rules and regulations set by the authority in this regard. The IPO dates will be decided by the company after the DRHP approval and will be shared with the public.

CMR Green Technologies IPO Price, Size, Share Offerings

With SEBI approval, the Gurugram-based company, CMR Green Technologies is gearing up to raise Rs. NA crores with their upcoming IPO.

Out of which, shares worth Rs.NA crores will be raised by way of Fresh Issue, and the rest shares worth Rs.300.00 crores will be raised by an Offer for Sale.

The price band CMR Green Technologies IPO yet to be decided.

CMR Green Technologies IPO Grey Market Premium

Grey Market is an unofficial trading market where one can trade in the shares of a company before their listing on the stock exchanges.

This market has a vital role in the overall trading process. Companies who are coming up with an IPO like to test the demand of their shares through this market.

This market helps in estimating the probable listing price of the shares and the bidders bids accordingly to get the allotment.

Same way, CMR Green Technologies IPO GMP will be updated in the above table from where you can check out GMP of every day.

CMR Green Technologies IPO Grey Market Premium, as per various reports from sources the IPO is potential and is likely to have a positive GMP.

CMR Green Technologies IPO Subscription Status

Every IPO subscription is reserved in different portions for different types of investors. Broadly, the category of investors are Qualified Institutional Buyers, Non-Institutional Bidders, and Retail Individual Bidders.

CMR Green Technologies IPO Subscription will be reserved for allocation in the following manner:

1. Not less than 75% of the offer will be available for Qualified Institutional Buyers,
2. Not more than 15% of the issue will be open for Non-Institutional Bidders for allocation, and
3. The remaining 10% will be reserved for the Retail investors.

These proportions are based on laws, regulations and the compliance requirements.

The Lead Managers of the issue are:

• ICICI Securities Limited
• Axis Capital Limited
• JM Financial Limited

The details in respect of the price band and subscription will be made available in a short time.

CMR Green Technologies IPO Allotment Status

The specifications in regards to the CMR Green Technologies IPO Allotment Status will be made available as the IPO will go live.

The basis of CMR Green Technologies IPO Allotment will be determined after the subscription have been completed. Once the company receives all the bids from the public, they determine the final price of the shares and there after credit the equity shares in the Demat account of the successful bidders.

Therefore, every bidder willing to get allotment is required to have a Demat Account and shall provide details of the same during bidding process.

CMR Green Technologies IPO Live Performance

The share price of a company are dependent on the market forces of Demand and Suply once they are listed.

They are not controlled by one individual. And these market tradings can take the value of the shares rocket high or in the grounds. Stay up top with the latest of CMR Green Technologies IPO Price.

Subscribe to CMR Green Technologies IPO – Open Free Demat Account Now!

CMR Green Technologies – Company Review

CMR Green Technologies was originally incorporated as “Grand Metal Industries Private Limited” in 2005.

The company changed its name to CMR Green Technologies Limited in August 2021. CMR Group has risen as the largest metal recycler and producer of Aluminium and Zinc die-casting alloys. And in terms of capacity, the company produces over approx 310,700 MT.

CMR Green Technologies functions through its 12 manufacturing units from where its delivers its products in different parts of the country.

Out of these 12 units, 4 plants are in two joint ventures Japanese companies, Nikkei MC Aluminium, and Toyota Tsusho. The company largely caters to the automotive industry country and its customers list include brands like Toyota, Ahresty, Maruti Suzuki, Rockman, Hero Moto Corp, and many others.

Products or Services

The largest Metal Recycling Company of India as we know it. CMR Green Technologies produces aluminium alloy and serves mostly the automotive industry.

The product portfolio of the company includes Aluminium Alloy (Ingot), Zinc Alloy, Aluminium Alloy (Liquid), Electric Motor Dismantling, Stainless Steel Recycling, etc.

The company undertakes all the dismantling and conversion of the metal through the scrap items.

Promoters and Holding

• The Promoters of CMR Green Technologies Limited are:
  1. Gauri Shankar Agarwala
  2. Mohan Agarwal
  3. Kalawati Agarwal
  4. Pratibha AgarwalThe management of the company comprises of the following:
     1. Mohan Agarwal, in the position of Chairman and Managing Director
     2. Akshay Agarwal, in the position of Executive Director
     3. Raghav Agarwal, in the position of Executive Director
     4. Peter Francis Amour, in the position of Non-Executive Nominee Director
     5. Balvinder Kumar, in the position of Independent Director
     6. Gyan Mohan, in the position of Independent Director
     7. Rashmi Verma, in the position of Independent Director
     8. Satpal Kumar Arora, in the position of Independent Director
     9. Satish Kumar Kaushik, in the position of Chief Financial Officer
     10. Sanjay Kumar Singh, in the position of Chief Human Resource Officer
     11. Lohit Chhabra, in the position of Company Secretary and Compliance Officer

Is CMR Green Technologies good for Investment?

CMR Green Technologies is the top company in the largely unorganized industry. The company is at advantage with the availability of the requisite equipments and machinery.

It has 12 manufacturing facilities which allows to function at a very large scale and cater to a big companies. CMR Green Technologies has various research and development certificates like ISO 14001, TS16949,45001 and OHSAS 18001.

The company is a profitable entity and its customer base includes many reputed brands. The products of the company are supplied in India, as well as internationally.

CMR Green Technologies Financial Statements

CMR Green Technologies IPO Revie

CMR Green Technologies IPO is a combination of Fresh Issue of Equity Shares aggregating up to Rs. 300 crores and an Offer for Sale for up to 33,414,138 equity shares by the promoters and other selling shareholders.

These shareholders include Gauri Shankar Agarwala, Mohan Agarwal, Kalawati Agarwal and Pratibha Agarwal.

The company will receive the proceeds from the fresh issue only and proceeds of the OFS will be received by the selling shareholders. The objects of this upcoming IPO have been set out in the objects of the issue section.

CMR Green Technologies IPO Details

Here are few more details you need to know before investing in CMR Green Technologies IPO –

CMR Green Technologies IPO Issue Object

The CMR Green Technologies has proposed diverse objectives for making the IPO offer and some of the objectives are:

• Repayment / prepayment, in full or in part, of certain borrowings availed by the Company.
• General corporate purposes.

CMR Green Technologies IPO – Basis of Offer Price

The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

Qualitative factors are:

• We are a leading recycler in the domestic aluminium recycling industry in India;
• Our long-standing relationships with our customers;
• We are a leading supplier of liquid aluminium;
• Our strategic alliances through joint ventures;
• Our strong and diversified supplier base for sourcing raw materials;
• We operate an environment friendly business that is supported by green technologies and processes;
• Our facilities, technology, quality processes and engineering expertise;
• We have an experienced and qualified management team with a focus on environmental, social and
  governance practices.

Quantitative factors are:

CMR Green Technologies IPO Lead Managers

Here are the list of Lead managers –

• ICICI Securities Limited
• Axis Capital Limited
• JM Financial Limited

CMR Green Technologies IPO Registrar to offer

Check out the details of the registrar here –

KFin Technologies Private Limited (Formerly
known as ‘Karvy Fintech Private Limited’)
Selenium Tower-B, Plot No. 31 & 32
Financial District, Nanakramguda
Serilingampally, Hyderabad, Rangareddi 500 032
Telangana, India
Telephone: +91 40 6716 2222
E-mail: cmr.ipo@kfintech.com
Website: www.kfintech.com
Investor Grievance E-mail:
einward.ris@kfintech.com
Contact Person: M. Murali Krishna
SEBI Registration No. INR000000221

CMR Green Technologies IPO – Other Details

• Statutory Auditor – S. R. Batliboi & Co. LLP, Chartered Accountants
• Legal Counsel to the Company – Khaitan & Co
• Bankers to the Company – ICICI Bank Limited, Shinhan Bank, New Delhi Branch, State Bank of India, The Hongkong and Shanghai Banking Corporation, India , CTBC Bank Co., Ltd, HDFC Bank Limited.

CMR Green Technologies IPO – Conclusion

The CMR Green Technologies is a strong entity and has a high growth expansion. The company’s products are applied in automotive industry which is one of the essential and profitable segment. The company has a strong presence in the market and competitive advantages.

The CMR Green Technologies IPO will lead to the listing of the shares of the company bringing more transparency in the operations. As for the company, this IPO will help in scaling up the operations and enter a new phase.

Investment in this type of company will add a unique stock in the portfolio. Also, it has potential to yield good returns of the investors over the time.

To Subscribe to CMR Green Technologies IPO – Open Demat Account Now!

CMR Green Technologies IPO Review FAQs

Check out the FAQs on CMR Green IPO –

What is the Issue Size of CMR Green Technologies IPO?

The Company is making an initial public offer of NA equity shares. They vividly portray the aspects of the issue in this article.

You can check the stats on the fresh issue, Offer for sale, and net issue.

What is the Price band of CMR Green IPO?

The price band for this particular IPO ranges between Rs.NA. As far as the face value of the share is of concern, it is Rs.2 per share.

What is the CMR Green Technologies IPO Open Date?

The opening and closing dates for this IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.

What is the CMR Green Technologies IPO Allotment Date?

They also have the news regarding the respective allotment dates of this IPO.

Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.

What is the CMR Green Technologies IPO Listing Date?

Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.

Who is the Registrar of CMR Green Technologies IPO?

One of the reputed registrars is managing the issue of this IPO, i.e. KFin Technologies Private Limited. Their website will help you regarding the further information you are on the lookout for.

Who is the Promoter of CMR Green Technologies IPO?

Here are the promoters of this IPO -Gauri Shankar Agarwala, Mohan Agarwal, Kalawati Agarwal, Pratibha Agarwal. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

What is the GMP of CMR Green Technologies IPO?

They have obtained the GMP of this IPO and it is (Rs.NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.

Is CMR Green IPO good for Investment?

They have further provided the financial status of the company in this article, from the past few years.

You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

What is the PAT of CMR Green Technologies Company?

They have the information of company financials, and according to that, they have the figures from the last few years to provide.

PAT for the financial year 2021 in Million is 40.73, , 2020 is.0.05 PAT from 2019 is 0.02.

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