Investors who applied for the CMR Green Technologies IPO are expected to find out their allotment status on Monday, June 8, as the company prepares for its stock market debut later this week. The Rs 631 crore IPO, which closed on June 5, received a strong response from investors across categories, with the issue being subscribed 127.07 times overall.
The qualified institutional buyer (QIB) portion was subscribed 270.46 times, while the non-institutional investor (NII) category was subscribed 172.35 times. The retail investor quota attracted bids worth 27.08 times the shares reserved.
Ahead of listing, the IPO is commanding a grey market premium (GMP) of around 34%, according to market trackers. Based on the issue price of Rs 192 per share, the GMP indicates a potential listing price of about Rs 257-258, although grey market premiums are unofficial and do not guarantee listing gains.
How to check CMR Green Technologies IPO allotment status
Investors can check their allotment status through the registrar, Kfin Technologies, or through the BSE website.
Visit the Kfin Technologies allotment portal (https://ipostatus.kfintech.com/).
Select CMR Green Technologies IPO from the dropdown.
Enter PAN, application number or DP ID.
Submit the request to view allotment status.
Check on BSE India website (https://www.bseindia.com/investors/appli_check.aspx)
Select Equity under Issue Type and choose CMR Green Technologies from the dropdown.
Enter your application number and PAN.
Click on Search to check if you’ve been allotted shares.
Refunds for unsuccessful applicants are scheduled to be processed on June 9, while shares will be credited to successful investors' demat accounts on the same day. The stock is scheduled to list on both the NSE and BSE on June 10.
The IPO was entirely an offer for sale (OFS) of 3.29 crore shares aggregating Rs 630.88 crore. Since the issue was an OFS, the company will not receive any proceeds from the public issue.
CMR Green Technologies is one of India's largest non-ferrous metal recyclers and operates in the secondary aluminium market. The company manufactures recycled aluminium alloys, zinc alloy ingots and aluminium billets, serving major automotive OEMs and component manufacturers including Maruti Suzuki, Honda Cars India, Hero MotoCorp, Bajaj Auto, Royal Enfield and Endurance Technologies.
The company reported total income of Rs 6,696.7 crore and net profit of Rs 155 crore in FY25. It had reported a loss in FY24 due to exceptional items but returned to profitability as operational performance improved.
The company raised Rs 188.4 crore from anchor investors before the IPO, attracting participation from several institutional investors.
Brokerages were largely positive on the issue. Out of tracked recommendations, eight brokerages recommended subscribing to the IPO, while two suggested investors may apply with a medium-to-long-term perspective.
Given the strong subscription numbers and the current GMP of 34%, investors will be closely watching whether the stock can deliver a strong listing performance when it debuts on June 10.
