CMR Green Technologies IPO Subscribed 126.96 Times on Day 3

CCMR Green Technologies Limited's initial public offering (IPO) closed its three-day subscription window with exceptional investor interest, reaching 126.96 times overall subscription by 4:49 PM on Day 3 (June 5, 2026). The ₹630.88 crore offer for sale, priced at ₹192 per share, received bids for 2,92,57,03,794 shares against 2,30,43,930 shares on offer, with total applications reaching 33,59,866.

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Subscription Status of CMR Green Technologies IPO

Here are the subscription details for CMR Green Technologies IPO Day 3, as of 5:04 PM:

Key Highlights – Day 3

• Overall subscription surged to 126.96 times on the final day, from Day 2's 9.66 times, driven by a sharp last-day surge in institutional demand.
• Qualified institutional buyers (ex-anchor) led strongly at 270.46 times, surging from Day 2's 3.45 times, indicating massive institutional interest concentrated on the closing day of this aluminium recycling IPO.
• Non-institutional investors recorded strong participation at 172.28 times, surging from Day 2's 21.85 times, with bNII at 187.21 times and sNII at 142.42 times.
• Retail investors improved to 26.90 times from Day 2's 8.01 times.
• Employee category improved to 18.45 times from Day 2's 6.89 times.
   

Key Highlights – Day 2

• Overall subscription surged to 9.60 times, from Day 1's 2.46 times, driven by strong gains across all investor categories on Day 2.
• Non-institutional investors led at 21.79 times, surging from Day 1's 5.68 times, with sNII at 23.85 times and bNII at 20.77 times, reflecting strong HNI demand for this aluminium recycling IPO.
• Retail investors improved to 7.93 times from Day 1's 2.47 times.
• Qualified institutional buyers (ex-anchor) crossed full subscription at 3.45 times, surging from Day 1's negligible 0.03 times, indicating institutional demand entering sharply on Day 2.
• Employee category improved to 6.79 times from Day 1's 3.19 times.
• Total applications reached 9,56,267 on Day 2.

Key Highlights – Day 1

• Overall subscription crossed full subscription at 2.46 times on Day 1 (June 3, 2026), reflecting strong initial investor interest in this aluminium recycling IPO.
• Non-institutional investors led with strong demand at 5.68 times, with sNII at 6.24 times and bNII at 5.39 times on the opening day.
• Retail investors crossed full subscription at 2.47 times on Day 1.
• Employee category recorded strong participation at 3.19 times, with employees eligible for a discount of ₹18 per share on the issue price.
• Qualified institutional buyers (ex-anchor) showed negligible participation at 0.03 times on Day 1.
• Total applications stood at 2,88,295 on Day 1.
• Anchor investors fully subscribed their allocation of ₹188.44 crores on June 2, 2026.
   

About CMR Green Technologies Limited

Incorporated in 2006, CMR Green Technologies Limited is a non-ferrous metal recycler and leading player in the secondary aluminium market, manufacturing recycled aluminium alloys in ingot and liquid form, zinc alloy ingots, aluminium billets, and segregated furnace-ready scrap. The company serves major OEMs and Tier-1 automotive component manufacturers including Honda Cars India, Bajaj Auto, Hero MotoCorp, Maruti Suzuki, and Endurance Technologies.