CMR Green Technologies IPO Sees Strong Subscription on Final Day: ₹630.62 Crore Issue Subscribed 123 Times
CMR Green Technologies, a leading player in the non-ferrous metal recycling industry, has received a strong response from investors on the final day of its ₹630.62 crore initial public offering (IPO). The issue has been subscribed 123 times so far, indicating a high level of interest among investors.
CMR Green Technologies IPO Sees Strong Subscription on Final Day
The qualified institutional buyers (QIB) portion of the IPO has been subscribed 270.46 times, while the non-institutional investors (NII) category has seen 172.35 times subscription. The retail investor segment has been booked 27.03 times and the employee portion has been subscribed 18.53 times.
The IPO, priced in the range of ₹182-₹192 per share, is entirely an offer for sale of up to 3.28 crore equity shares by promoters and an investor-selling shareholder.
Anchor Investors Lend Support to CMR Green Technologies IPO
Ahead of the issue opening, CMR Green Technologies had raised ₹188.44 crore from anchor investors by allotting 98.14 lakh shares at ₹192 apiece to 18 anchor funds. Major anchor investors included SBI Mutual Fund, ICICI Prudential Mutual Fund, HDFC Mutual Fund, Nippon India Mutual Fund, Kotak Mutual Fund and Goldman Sachs. Other investors included 360 One Equity Opportunity Fund, Abakkus Growth Fund, BNP Paribas, Citigroup Global Markets Mauritius and Susquehanna Pacific.
Market Impact of CMR Green Technologies IPO
- The IPO has been subscribed 123 times, indicating a high level of interest among investors.
- The qualified institutional buyers (QIB) portion has been subscribed 270.46 times.
- The non-institutional investors (NII) category has seen 172.35 times subscription.
- The retail investor segment has been booked 27.03 times.
- The employee portion has been subscribed 18.53 times.
Key Takeaways
- CMR Green Technologies IPO has been subscribed 123 times, indicating a high level of interest among investors.
- The IPO has been priced in the range of ₹182-₹192 per share.
- The issue is entirely an offer for sale of up to 3.28 crore equity shares by promoters and an investor-selling shareholder.
FAQs
What is the subscription status of CMR Green Technologies IPO?
The issue has been subscribed 123 times so far, indicating a high level of interest among investors.
Who are the major anchor investors in CMR Green Technologies IPO?
The major anchor investors include SBI Mutual Fund, ICICI Prudential Mutual Fund, HDFC Mutual Fund, Nippon India Mutual Fund, Kotak Mutual Fund and Goldman Sachs.
When are the shares of CMR Green Technologies expected to list?
The shares are expected to list on June 10.
Conclusion
CMR Green Technologies IPO has received a strong response from investors, with the issue being subscribed 123 times so far. The IPO has been priced in the range of ₹182-₹192 per share and is entirely an offer for sale of up to 3.28 crore equity shares by promoters and an investor-selling shareholder. Investors who are interested in the company’s growth prospects and financial performance should consider investing in the IPO. The shares are expected to list on June 10, providing an opportunity for investors to participate in the company’s growth journey.
