CMR Green Technologies IPO: CMR Green Technologies, a recycling company of Non-Ferrous Metal, Haryana, has re-applied to SEBI on August 29 to raise capital from the market through an IPO. This IPO is fully based on the offer for sale of promoters and investors global scrap processors. Therefore, the entire amount of IPO will be given to shareholders selling in offer for cell, that is, the company will not get any amount from this IP. These promoters and global scrap processors have a 13.05 per cent stake in the company. The remaining 86.95 percent stake holds with other promoters.
Earlier in September 2021, CMR Green had filed draft papers for IPOs, which included a proposal for issuing new shares worth Rs 300 crore and selling 3.34 crore shares by promoters and investors. The draft papers were also approved by SEBI in February 2022, but the company could not launch its IPO within the time limit of a year.
CMR produces products such as Green, Recycled Aluminum Eleys (in ingot and liquid form), zinc alloy ingot, and stainless steel, copper, brass, zinc, lead and magnesium’s segregated furnace ready scrap. It also produces aluminum billets used in both automotive and non-automotive sectors. From the perspective of income, the company had the highest market share in the Indian Secondary Aluminum Market in FY 2025.
CMR Green was established in 2005. The company made a profit of Rs 155 crore in FY 2025. Whereas, due to a difficult deficit of Rs 1,239.6 crore, the company had a loss of Rs 838.6 crore in 2024. The company competes with listed companies like Pondi Oxides and Chemicals, Gravita India and Baheti Recycling Industries.
Ecuerus Capital, ICICI Securities and Motilal Oswal Investment Advisors have been made merchant bankers to manage IPOs of CMR Green Technologies.