CMR Green Technologies IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Apr 29, 2022Let’s have a detailed review of the company and analytics of the CMR Green Technologies IPO release date, IPO offer price, subscription, CMR Green Technologies Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 2 |
| Price Band | Rs [●] |
| Listing At | BSE, NSE |
| Min. Order Quantity | NA |
| Listing Date | NA |
| Offer for Sale | Rs Million |
| Fresh Issue | Rs 3,000 Million |
| IPO Size | Rs Million |
| Tick Size | 1 |
CMR Green Technologies IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
CMR Green Technologies IPO – Summary
They are the largest metal recycler in the domestic aluminium recycling industry and amongst the largest in the world. They are primarily focused on the recycling of aluminum, which involves the processing of aluminium-based metal scrap to manufacture aluminium alloys and supplying them both in liquid form as well as solid ingots, and on the manufacturing of zinc alloys.
Among the major key end-use industries, demand from the automotive industry forms a large portion of total volumes of secondary aluminium in India and this demand is expected to grow at 14-15% CAGR over Fiscal 2021 and Fiscal 2025. Within the automotive segment of the recycled aluminium industry in India, while they occupied an estimated market share of 26-30% in Fiscal 2020, CRISIL estimated their contribution to improving to 28-30% in Fiscal 2021.
The Promoter of this company is GAURI SHANKAR AGARWALA, MOHAN AGARWAL, KALAWATI AGARWAL, AND PRATIBHA AGARWAL. The lead manager to the issue is ICICI Securities Limited, Axis Capital Limited, and JM Financial Limited, and the Registrar to this issue is KFin Technologies Private Limited.
CMR Green Technologies IPO Date
The opening and the closing date of CMR Green Technologies IPO are not available yet.
Check out Related IPO Links:
| CMR Green Technologies IPO GMP |
| Allotment – CMR Green Technologies IPO |
CMR Green Technologies IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – | ||||
| 2nd Day – | ||||
| 3rd Day – | ||||
| Shares Offered or Net Issue |
The shares subscribed by the public will be updated here.
Check CMR Green Technologies IPO LIVE Subscription
- CMR Green Technologies IPO LIVE Bid details on BSE
- CMR Green Technologies IPO LIVE Bid details on NSE
For the Latest Bid details click on the above links.
CMR Green Technologies IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
CMR Green Technologies Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | – |
| Refunds Initiation | – |
| Credit of Shares to Demat Account | – |
| Share Listing Date | – |
CMR Green Technologies IPO Price Band
The face value of each share is Rs.2, but the price band of the IPO is Rs.[●]
CMR Green Technologies IPO Equity Size
This Initial Public Issue of X Equity Shares of Rs.2 each for cash at a price of Rs.[●] per equity share aggregating to Rs.[●] Million.
CMR Green Technologies IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.2/ each.
Issue Size: X Equity Shares of Rs.2 each, aggregating to Rs.[●] Million
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CMR Green Tech IPO – Live Performance
The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – CMR Green Technologies Share Price |
CMR Green Tech IPO Grey Market Premium
The CMR Green Technologies Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
CMR Green Tech IPO – Company Overview
They currently operate through 12 manufacturing facilities of which, 10 facilities undertake aluminum recycling operations, targeted towards the automotive manufacturing sector in India and overseas.
These 10 manufacturing facilities, each of which is situated in key auto clusters in north, west, and south India, are strategically located close to their customers’ manufacturing facilities allowing them to optimize their deliveries, reduce lead times and facilitate greater interaction with their customers. They are also in the process of setting up a cold refining plant in Gujarat to create further operational efficiency and reduce logistics costs.
Also, they are one of the initial suppliers of liquid aluminum in the automotive segment and per CRISIL estimates, accounted for approximately 35-40% of the total secondary aluminum demand through molten route in India, in Fiscal 2021. They started supplying liquid aluminum, through their manufacturing facilities situated adjacent to the premises of their customers in September 2008, and through road transport in November 2013.
Their ability to supply liquid aluminum in addition to ingots has allowed them to be flexible in their manufacturing operations and capitalize on the increasing trend of supplying liquid aluminum owing to several operational advantages to manufacturers as well as consumers.
CMR Green Technologies IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Million) | |||
| 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Total Assets | 29,246.19 | 1,216.65 | 395.30 |
| *Total Revenue | 29,272.96 | – | 0.07 |
| Total Expense | 26,471.14 | 0.10 | 0.15 |
| Profit After Tax | 407.29 | 1.23 | 0.49 |
Earnings per Equity Share (in Million)
| 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Basic & Diluted | 58.00 | 3.13 | 1.24 |
Further, their PAT for the period ended on March 31, 2021, March 31, 2020, and March 31, 2019, were Rs. 407.29 Million, Rs. 1.23 Million, and Rs. 0.49 Million respectively.
CMR Green Technologies IPO – Promoters
The Promoter of this company is:
- GAURI SHANKAR AGARWALA
- MOHAN AGARWAL
- KALAWATI AGARWAL
- PRATIBHA AGARWAL
List of Related Parties (Key Managerial Personnel)
- Mohan Agarwal, Chairman, and Managing Director
- Akshay Agarwal, Executive Director
- Raghav Agarwal, Executive Director
- Peter Francis Amour, Non-Executive Nominee Director
- Balvinder Kumar, Independent Director
- Gyan Mohan, Independent Director
CMR Green Technologies IPO – Promoters Holding
- Pre Issue Share Holding – %
- Pos Issue Share Holding – %
CMR Green Technologies IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to X Equity Shares aggregating up to Rs.[●] Million |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 221,268,171 Equity Shares |
| Equity Shares outstanding after the Issue | X Equity Shares |
CMR Green Technologies IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. Repayment/prepayment, in full or in part, of certain borrowings availed by their Company; and
2. General corporate purposes.
CMR Green Technologies – Business Strategy
- Leverage the mobility electrification theme and focus on aluminum content in electric vehicles
- Expansion of supply of liquid aluminum
- Focus on deepening and strengthening their relationships with their existing customers as well as catering to new customers
- Expand their international presence including through an increase in exports
- Expansion of their supplier base
- Leverage growth prospects for recycled aluminum and movement of a market from unorganized to organized players
- Continue to invest in their technological capabilities in order to capitalize on future trends
- Ensure efficiency and reduced cost through integrating operations, process optimization, and increased use of information technology
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:
- They are a leading recycler in the domestic aluminium recycling industry in India;
- Their long-standing relationships with their customers;
- They are a leading supplier of liquid aluminium;
- Their strategic alliances through joint ventures;
- Their strong and diversified supplier base for sourcing raw materials;
- They operate an environmentally friendly business that is supported by green technologies and processes;
- Their facilities, technology, quality processes and engineering expertise; and
- They have an experienced and qualified management team with a focus on environmental, social, and governance practices.
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 8.86 | 25.71 | 34.45 |
| 31-Mar-20 | 0.05 | 0.57 | – |
| Mar-19 | 0.02 | 0.23 | – |
CMR Green Technologies: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Millions) | |
| CMR Green Technologies Limited | 2 | [●] | 8.86 | 25.71 | 29,272.96 |
| Listed Peers | |||||
| NA | – | – | – | – | – |
CMR Green Technologies IPO Lead Managers
| Lead Managers |
| ICICI Securities Limited Axis Capital Limited JM Financial Limited |
CMR Green Tech IPO Registrar to offer
| Registrar to the Offer |
| 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 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, and HDFC Bank Limited
CMR Green Tech IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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CMR Green Technologies Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
CMR Green Technologies IPO Review FAQs
Ques – What is the Issue Size of CMR Green Tech IPO?
Answer – 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.
Ques – What is the Price band of CMR Green Tech IPO?
Answer – The price band for this particular IPO ranges between NA. As far as the face value of the share is of concern, it is Rs.2 per share.
Ques – What is the CMR Green Technologies IPO Open Date?
Answer – 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.
Ques – What is the CMR Green Tech IPO Allotment Date?
Answer – 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.
Ques – What is the CMR Green Tech IPO Listing Date?
Answer – Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.
Ques – Who is the Registrar of CMR Green Tech IPO?
Answer – 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.
Ques – Who is the Promoter of CMR Green Tech IPO?
Answer – Here are the promoters of this IPO – GAURI SHANKAR AGARWALA, MOHAN AGARWAL, KALAWATI AGARWAL, AND PRATIBHA AGARWAL. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
Ques – What is the GMP of CMR Green Tech IPO?
Answer – They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Ques – Is CMR Green Technologies IPO good for Investment?
Answer – 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.
Ques – What is the PAT of CMR Green Technologies Company?
Answer – 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 407.29, 2020 is 1.23, 2019 is 0.49.
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