CMR Green Tech Soars on Market Debut!

CMR Green Technologies commenced trading on June 10, 2026, with a strong opening performance. On the NSE, the shares debuted at ₹268, a 39.58% increase from the ₹192 issue price. Similarly, on the BSE, the stock opened at ₹275.40, marking a 43.44% gain. The non-ferrous metal recycling company's IPO garnered immense investor interest, ultimately being subscribed 127 times by the close of bidding. This overwhelming response, driven by robust participation from QIBs and NIIs, underscores investor confidence. The company had successfully raised ₹188.44 crore from anchor investors prior to the IPO opening. The IPO price band was set between ₹182-192 per equity share, with the high subscription rate reflecting positive market sentiment towards CMR Green Technologies' growth potential and the circular economy sector. Promoters Mohan Agarwal, Gauri Shankar Agarwala HUF, and Mohan Agarwal HUF are set to sell a combined 64.59 lakh shares through an Offer for Sale (OFS). Global Scrap Processors will facilitate the sale of approximately 2.6 crore shares. As of May 27, 2026, when the Red Herring Prospectus was filed, promoters held an 86.95% stake, while Global Scrap Processors held 13.05%.