Delhi: The CMR Green Technologies IPO will open for public subscription on June 3, 2026, with the company announcing a price band of ₹182 to ₹192 per equity share.
The initial public offering (IPO) of CMR Green Technologies Limited will remain open until June 5, 2026, while the Anchor Investor Bid/Offer Period will take place on June 2, 2026.
CMR Green Technologies Limited (“CMR” or “the Company”) has announced the opening of the Bid/Offer Period in relation to its initial public offering of equity shares on Wednesday, June 3, 2026.
The CMR Green Technologies IPO comprises an offer for sale (OFS) of up to 32,858,323 equity shares with a face value of ₹2 each by the selling shareholders.
The offered shares include up to 4,959,428 equity shares by promoter selling shareholder Mohan Agarwal, up to 1,000,000 equity shares by Gauri Shankar Agarwala HUF, and up to 500,000 equity shares by Mohan Agarwal HUF, collectively classified as promoter group selling shareholders.
Additionally, up to 26,398,895 equity shares are being offered by Global Scrap Processors Limited, the investor selling shareholder.
The Company has also reserved equity shares aggregating up to ₹25 million for eligible employees under the Employee Reservation Portion. Eligible employees bidding in this category will be offered a discount of up to ₹18 per equity share.
As per the schedule, the Anchor Investor Bid/Offer Period will open and close on Tuesday, June 2, 2026. The CMR Green Technologies IPO will then open for public subscription on Wednesday, June 3, 2026, and close on Friday, June 5, 2026.
Investors can bid for a minimum of 78 equity shares and in multiples of 78 equity shares thereafter.
The equity shares are being offered through the Red Herring Prospectus (RHP) dated May 27, 2026, which has been filed with the Registrar of Companies, Haryana at Chandigarh.
The CMR Green Technologies IPO proposes to list the company’s equity shares on both BSE Limited and the National Stock Exchange of India Limited (NSE). BSE has been designated as the stock exchange for the purpose of the offer.
The offer is being made in accordance with Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, read with Regulation 31 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations.
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The CMR Green Technologies IPO is being conducted through the Book Building Process under Regulation 6(1) of the SEBI ICDR Regulations.
Under the allocation structure, not more than 50% of the net offer will be available for Qualified Institutional Buyers (QIBs). The Company, in consultation with the book running lead managers, may allocate up to 60% of the QIB portion to Anchor Investors on a discretionary basis.
Within the Anchor Investor Portion, 40% has been reserved, of which 33.33% is earmarked for domestic mutual funds and 6.67% for life insurance companies registered with the Insurance Regulatory and Development Authority of India (IRDAI) and pension funds registered with the Pension Fund Regulatory and Development Authority (PFRDA), subject to valid bids being received at or above the Anchor Investor Allocation Price.
Any undersubscription in the reserved category for life insurance companies and pension funds may be allocated to domestic mutual funds. In the event of under-subscription or non-allocation in the Anchor Investor Portion, the balance equity shares will be added back to the net QIB portion.
Further, 5% of the net QIB portion will be available for allocation to mutual funds only, while the remaining QIB portion will be allocated proportionately among all eligible QIB bidders, including mutual funds, subject to valid bids.
The CMR Green Technologies IPO allocation structure also provides that not less than 15% of the net offer will be available to Non-Institutional Bidders (NIBs), while not less than 35% will be allocated to Retail Individual Bidders (RIBs), in accordance with SEBI ICDR Regulations.
Equity shares reserved under the Employee Reservation Portion will be allocated proportionately to eligible employees who submit valid bids at or above the offer price.
The Non-Institutional Portion has been divided into two categories. One-third of the portion will be available for bidders applying for more than ₹0.20 million and up to ₹1.00 million, while two-thirds will be reserved for bidders applying for more than ₹1.00 million. Any unsubscribed portion from either category may be reallocated to applicants in the other category.
Equirus Capital Limited (formerly known as Equirus Capital Private Limited), ICICI Securities Limited and Motilal Oswal Investment Advisors Limited are acting as the Book Running Lead Managers (BRLMs) to the CMR Green Technologies IPO.
