CMR Green Technologies has officially launched its ₹631-crore IPO, reinforcing its position as India's largest metal recycling company. The IPO comprises an Offer for Sale (OFS) of up to 32.86 million equity shares by existing shareholders, with plans to list on both the BSE and NSE. As per Bilkul Bazaar, the company has built an extensive nationwide network for scrap procurement and processing, supported by modern manufacturing facilities, advanced metallurgical expertise and stringent quality-control systems. The Anchor Investor portion opens and closes on June 2, with eligible employees receiving a discount of up to ₹18 per equity share. The book-running lead managers include Equirus Capital Limited, ICICI Securities Limited, and Motilal Oswal Investment Advisors Limited.
According to Equitymaster, CMR Green Technologies delivered steady financial performance in FY25, with operating revenue increasing to ₹66.7 billion from ₹62.2 billion in FY24. The company's net profit rose to ₹1.55 billion, reflecting healthy volume growth and stable customer relationships. The company maintains approximately one month of inventory, enabling uninterrupted supplies to customers while ensuring efficient working-capital management. As reported by Bilkul Bazaar, Mohan Agarwal, Chairman & Managing Director, highlighted the company's long-standing commitment to sustainability and innovation, noting that CMR has built a robust business model based on sustainability, operational excellence, technological innovation and customer trust.
As reported by Moneycontrol, CMR Green is positioned as a compelling green manufacturing play in the aluminium recycling space. The company focuses on recycling non-ferrous metals primarily aluminium and zinc scrap and converting them into die-casting alloys and related products used heavily in the automotive and engineering industries. Through its advanced recycling processes, CMR helps reduce dependence on virgin metals, lowers carbon emissions and supports the nation's transition towards a greener and more sustainable economy. The company converts post-industrial and post-consumer scrap into high-quality alloys, playing a significant role in promoting the principles of the circular economy where materials are continuously reused and recycled rather than discarded.
According to Equitymaster, the company benefits from rising demand for recycled aluminium, increasing vehicle production, and rapid adoption of electric vehicles expected to drive industry expansion. Industry observers believe that rising demand for sustainable materials, lightweight automotive components, electric mobility solutions and environmentally responsible manufacturing practices will create significant growth opportunities for the recycling sector. As per Bilkul Bazaar, Ankesh Jain of Equirus Capital Limited described CMR as well positioned to benefit from India's increasing emphasis on sustainability, recycling and resource efficiency, noting the company's demonstrated strong operational capabilities and established customer relationships.
Geojit Financial Services has issued a 'Subscribe' recommendation for CMR Green Technologies IPO as of June 3, 2026. According to Geojit Financial Services, the research firm notes that CMR Green Technologies Ltd (CGTL), incorporated in 2006, is India's largest nonferrous metal recycler with an estimated 10-12% market share by volume. The company specializes in the production of aluminium and zinc die-casting alloys, manufacturing recycled aluminium alloys in both ingot and liquid forms, zinc alloy ingots, furnace-ready scrap, and aluminium billets catering to automotive and industrial applications. As the largest player by capacity, Geojit believes the company is well positioned to benefit from strong industry tailwinds, supported by its scale, market leadership, and ability to cater to growing demand.
