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Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
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Offer For Sale (OFS)
Proceeds go to the existing investors
The money raised through the Offer for Sale goes to existing investors, not the company.
(₹ in Crore)
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CMR Green Technologies Limited, incorporated in 2006 and headquartered in Faridabad, Haryana, is one of India's largest non-ferrous metal recyclers by installed capacity. The company converts aluminium and other metal scrap into recycled aluminium alloys, supplying liquid metal, ingots and billets to the automotive and industrial sectors. Its product range also spans zinc alloys, dross and segregated furnace-ready scrap of various metals, positioning it as a specialist in secondary (recycled) aluminium rather than primary metal production. The company runs a wide manufacturing footprint of recycling units spread across several states, allowing it to serve customers close to major automotive and industrial clusters. Its liquid aluminium alloy business is supported by dedicated infrastructure that delivers molten metal directly to nearby foundries and die-casters. As of the end of December 2025 it employed roughly 784 permanent staff alongside a large contractual workforce, and counts leading automotive original equipment makers such as Honda, Bajaj, Hero and Maruti among its customer base. CMR has built its capabilities through long operating experience and a series of joint ventures with Japanese partners in the aluminium and recycling space, which strengthen its technology and process know-how. The business is aligned with circular-economy and energy-efficiency themes, since recycling metal consumes far less energy than producing it from ore. Its scale in the secondary aluminium market, breadth of recycled product lines and established OEM relationships form the core of its competitive position.
Ahead of the issue the company raised about 188.44 crore rupees by allotting 98.14 lakh shares to 18 anchor investors at the top price of 192 rupees per share, with the anchor book closing on 2 June 2026. Participants included SBI Mutual Fund, ICICI Prudential, Goldman Sachs, Nippon India Small Cap Fund and Kotak, among other domestic and foreign institutions.
Source: RHP • Analysis provided for informational purposes
Last Updated: 7 July 2026, 6:30 PM
Market leadership in recycled aluminium
The company is among India's largest non-ferrous metal recyclers by installed capacity and holds a leading share of the secondary aluminium market, giving it scale advantages over smaller recyclers.
Strong liquid-metal franchise
Specialised infrastructure lets it supply molten aluminium alloy directly to nearby foundries, a capability built on long operating experience that is hard for new entrants to replicate.
Pan-India manufacturing footprint
Recycling units spread across the country let it serve customers close to major automotive and industrial clusters, reducing logistics costs and delivery times.
Broad recycled product range
Its portfolio spans recycled aluminium alloys, zinc alloys, billets, dross and furnace-ready scrap, spreading demand across several metal streams.
Japanese technology partnerships
Joint ventures with established Japanese partners strengthen its manufacturing and recycling technology and support process quality.
Customer concentration
A meaningful part of revenue comes from a limited set of customers, so losing any large account could materially hurt sales.
Limited diversification
The business is concentrated across a narrow band of products and end customers, increasing dependence on a few revenue streams.
Input-cost and currency exposure
Earnings are sensitive to swings in scrap and metal prices and to foreign-exchange movements on imported scrap purchases.
CMR Green Technologies Limited
7th Floor, Tower 2, L&T Business Park, 12/4 Delhi Mathura Road, Faridabad 121003, Haryana, India
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Competitive industry
The recycled-metals sector is competitive, and failure to keep pace on cost or technology could pressure margins and market share.
Related-party dealings
The company engages in related-party transactions, and there is no assurance these are or will remain on arm's-length terms.