CMR Green Technologies IPO: Things to Know Before Investing

The official date for CMR Green Technologies’ IPO launch has yet to be determined, but it is expected to occur shortly. The amount the company aims to raise is yet to be announced. However, this will include a fresh issue worth Rs 300 crores and the sale of up to 33,414,138 equity shares at Rs 2 each. The allocation for retail investors stands at 10%, while qualified institutional buyers (QIB) and high net-worth individuals (HNI) have allocations of 75% and 15%, respectively.

CMR Green Technologies’ Product Portfolio

CMR Green Technologies, also known as CMR Group, is one of India’s leading Aluminum and Zinc die-casting alloy manufacturers. With an impressive annual production capacity of approximately 310,700 MT, the company had grown since its inception in 2006 when it opened its first plant in Tatarpur, near New Delhi. Today, CMR Group operates 12 manufacturing facilities, with 10 of them focused on aluminum recycling.

In 2020, the group inaugurated its 12th plant in Gujarat, dedicated to recycling End-Of-Life Vehicles (ELVs) through processes like dismantling, shredding, and sorting vehicle components. The company’s prestigious clientele consists of major players in the automotive and engineering sectors, such as Maruti Suzuki, Toyota, Hero Moto Corp, Rockman, Ahresty, and many more. CMR Group holds ISO 14001, TS16949, 45001, and OHSAS 18001 certifications and Research and Development certifications.

The company provides molten metal to its customers from adjacent plants and via over-the-road transportation. To keep track of the CMR Green Technologies IPO subscription and allotment status, interested parties can visit their respective pages for up-to-date information.

The Objectives of CMR Green Technologies’ IPO

The company aims to utilise the raised funds for several key objectives. These include the repayment or prepayment of specific loans acquired by the company, either partially or in full. Additionally, the funds will be allocated towards satisfying long-term working capital requirements, ensuring the smooth operation and growth of the business. Finally, a portion of the capital will be reserved for general corporate purposes, providing the company with flexibility and resources to address various needs as they arise.

Financial Performance (In Crore)

Important Details of CMR Green Technologies’ IPO

Promoters of the Company

The promoters of the company are Gauri Shankar Agarwala, Mohan Agarwal, Kalawati Agarwal and Pratibha Agarwal.

How to Apply

Wait for the public issue to open for subscription, then click on this link to apply for the CMR Green Technologies’ IPO with Bigul https://ipo.bonanzaonline.com/.

How to Check Allotment Status

The registrar for CMR Green Technologies’ IPO is KFin Technologies Limited. To check your allotment status, please click on this link https://kosmic.kfintech.com/ipostatus/

FAQs

1. When is the CMR Green Technologies IPO expected to open?

The CMR Green Technologies IPO is expected to open soon, but an exact date has not been announced yet.

2. What is the size of the CMR Green Technologies IPO?

The approximate size of the CMR Green Technologies IPO is yet to be announced. However, it includes a fresh issue of around Rs 300 crores and an offer to sell approximately 33,414,138 equity shares.

3. What is the face value of the CMR Green Technologies IPO shares?

The face value of the CMR Green Technologies IPO shares is Rs 2 per equity share.

4. What is the price band for the CMR Green Technologies IPO?

The price band for the CMR Green Technologies IPO is yet to be announced.

5. On which stock exchanges will the CMR Green Technologies IPO be listed?

The CMR Green Technologies IPO will be listed on BSE and NSE.

6. What are the quotas for retail investors, QIBs, and NIIs in the CMR Green Technologies IPO?

The CMR Green Technologies IPO quotas are 10% for retail investors, 75% for qualified institutional buyers (QIBs), and 15% for non-institutional investors (NIIs).

7. Who are the promoters of CMR Green Technologies?

The promoters of CMR Green Technologies are Gauri Shankar Agarwala, Mohan Agarwal, Kalawati Agarwal, and Pratibha Agarwal.

8. How can I apply for the CMR Green Technologies IPO with Bigul?

Once the public issue opens for subscription, you can apply for the CMR Green Technologies IPO using this link: https://ipo.bonanzaonline.com/.

10. How can I check the allotment status of the CMR Green Technologies IPO?

KFin Technologies Limited is the registrar for the CMR Green Technologies IPO. To check your allotment status, you can visit this link: https://kosmic.kfintech.com/ipostatus/.

11. What are the financial highlights for CMR Green Technologies?

In the financial year 2021, the company reported revenues of Rs 2,927 crores, expenses of Rs 2,647 crores, and a PAT (profit after tax) of Rs 280.18 crores.