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estor sentiment.

The company produces recycled aluminium alloys, aluminium billets, zinc alloy ingots and other recycled metal products. Its strong position in the automotive cast alloy segment and increasing demand for recycled metals place it in a favourable position as industries focus on sustainability and lower-carbon manufacturing.

CMR Green Technologies is India's largest non-ferrous metal recycler by installed capacity and was the leading player in the domestic secondary aluminium market in FY25, according to an ICRA report cited in its prospectus. The company operates 13 manufacturing facilities and serves a wide range of industrial customers.

CMR Green's public issue is entirely an offer for sale worth Rs 630.6 crore, meaning the company will not receive any proceeds from the IPO. The price band has been fixed at Rs 182-192 per share, and investors can apply for a minimum lot size of 78 shares.

The IPO of CMR Green Technologies opened for subscription on June 3 and will remain available for bidding until June 5. The issue has attracted attention in the grey market, where it is currently commanding a premium of around 33%, indicating positive investor sentiment ahead of listing.

- Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

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