CMR Green Technologies IPO Sees Strong Subscription on Final Day

CMR Green Technologies, a leading player in the domestic aluminium recycling industry, has received a strong response from investors ahead of the close of its ₹630.62 crore initial public offering (IPO) on the final day of bidding.

CMR Green Technologies IPO Sees Strong Subscription on Final Day

The issue has been subscribed 123.11 times as of 3.39 pm, with the qualified institutional buyers (QIB) portion seeing a subscription of 262.15 times. The non-institutional investors (NII) category has seen a subscription of 169.65 times, while the retail investor segment has been booked 25.04 times and the employee portion has been subscribed 17.36 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.

Strong Anchor Investor Support

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 and Details

• The IPO is entirely an offer for sale of up to 3.28 crore equity shares by promoters and an investor-selling shareholder.
• The qualified institutional buyers (QIB) portion has seen a subscription of 262.15 times.
• The non-institutional investors (NII) category has seen a subscription of 169.65 times.
• The retail investor segment has been booked 25.04 times.
• The employee portion has been subscribed 17.36 times.
• The shares are expected to list on June 10.

Key Takeaways

• CMR Green Technologies has received a strong response from investors ahead of the close of its ₹630.62 crore IPO.
• The issue has been subscribed 123.11 times as of 3.39 pm.
• The IPO 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 123.11 times as of 3.39 pm.

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 has received a strong response from investors ahead of the close of its ₹630.62 crore IPO. The issue has been subscribed 123.11 times as of 3.39 pm, with the qualified institutional buyers (QIB) portion seeing a subscription of 262.15 times. The IPO is entirely an offer for sale of up to 3.28 crore equity shares by promoters and an investor-selling shareholder. Investors who have not yet subscribed to the issue can do so on the final day of bidding. We recommend that investors carefully review the IPO details and make an informed decision.