Pune: CMR Green Technologies has officially moved forward with the company filing its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (CMR Green Technologies IPO).
The company is India’s largest non-ferrous metal recycler by installed capacity as of March 31, 2025, and also leads the Indian secondary aluminum market in terms of revenue from operations for Fiscal 2025, according to the ICRA Report.
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CMR Green Technologies IPO Details
The CMR Green Technologies IPO will be floated through an equity share capital offering. The public issue consists entirely of an Offer for Sale (OFS) of up to 42,890,735 equity shares, each having a face value of ₹2.
Market Position and Growth
As of March 31, 2025, CMR Green Technologies has an installed capacity approximately four times larger than its nearest domestic competitor in the recycled aluminium industry. On a global scale, the company also ranks among the largest aluminium recycling players in terms of installed capacity.
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The company’s revenue from operations has consistently grown, posting a compound annual growth rate (CAGR) of nearly 23% from FY2007 to FY2025, according to ICRA.
Lead Managers to the Issue
Equirus Capital Private Limited, ICICI Securities Limited, and Motilal Oswal Investment Advisors Limited have been appointed as the Book Running Lead Managers (BRLMs) for the CMR Green Technologies IPO.
