When a recycling company enters the market and delivers a 40% gain upon listing, it highlights just how eager investors are for high-quality SME-segment stocks. CMR Green Technologies made its stock market debut on June 10, 2026. It listed at ₹268.96 on both the NSE and BSE—exactly 40% higher than its final issue price of ₹192 per share. Since the grey market had signaled a 33.59% gain prior to listing, the actual debut surpassed those expectations.
CMR Green Technologies Share
There was an initial surge, but the stock could not sustain that level for long. By 10:09 AM, the share price had dropped to ₹252; while this still represented a healthy premium over the issue price, it was a point of note for investors looking to sell at the listing price. Such post-listing declines are common, particularly when an IPO is heavily oversubscribed and short-term profit-booking kicks in as soon as trading begins.
CMR Green Technologies GMP
Each lot consisted of 78 shares, requiring a minimum investment of ₹14,976 at the issue price. At the listing price of ₹268.96, retail investors who were allotted shares saw a gain of ₹6,002.88 per lot on the first day. Prior to listing—at 8:53 AM—the grey market premium (GMP) had indicated a gain of approximately ₹5,031 per lot; thus, the actual listing gain exceeded the GMP estimate by about ₹971.
CMR Green Technologies IPO
This IPO was a book-building issue worth ₹630.88 crore, structured entirely as an ‘Offer for Sale’ (OFS) of 3.29 crore shares. Applications opened on June 3, 2026, and closed on June 5, 2026. Share allotment was finalized on June 8, 2026, with the listing taking place two days later.
The subscription figures were remarkable. The issue was subscribed 127.07 times overall, meaning only one out of every 127 applicants received shares. QIB investors led the way with a subscription of 270.46 times. They were followed by NII investors, who subscribed 172.35 times; within this segment, the bNII category alone saw a subscription of 187.21 times. Retail investors subscribed 27.08 times, and the employee category also witnessed a subscription of 18.53 times.
About CMR Green Technologies
Established in 2006, CMR Green Technologies operates in the metal recycling sector, focusing primarily on aluminum and zinc. Its products cater to the needs of the automotive and industrial sectors. Its client list includes giants of the Indian manufacturing landscape—key customers include Honda Cars India, Bajaj Auto, Hero MotoCorp, Royal Enfield, Maruti Suzuki, Endurance Technologies, and Jindal Stainless. It is likely this large and reliable (blue-chip) client base that instilled such confidence in institutional investors, leading them to invest heavily and drive the subscription to 270 times.
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