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Listed
Non-Ferrous Metals
CMR Green Technologies Limited IPO
₹631 Cr · Offer for Sale (OFS) · Non-Ferrous Metals
Price Band
₹182 – ₹192
Lot: 66 shares (₹12,672)
GMP (Grey Market)
₹13 (+5.78%)
Est. listing ₹205
Issue Size
₹631 Cr
Offer for Sale (OFS)
Market Cap
₹4205.87 Cr
At upper band
P/E Ratio
27.1x
P/S: 0.6x
Listing Date
10 Jun 2026
BSE & NSE
IPO Timeline
✓
Opens
03 Jun 2026
✓
Closes
05 Jun 2026
✓
Allotment
8 Jun 2026
✓
Refund
9 Jun 2026
✓
Listing
10 Jun 2026
IPO India Hub Recommendation: Subscribe
The company shows solid earnings growth and a healthy profit margin, making it an attractive addition for investors seeking exposure to non‑ferrous metals. However, its valuation is relatively high, so investors should watch for a slowdown in metal demand.
Our Analysis — Key Points
✓ Strength
Strong revenue base with growth trajectory
The company generated ₹6,666.49 cr in revenue in the last fiscal year, reflecting its large scale in the non‑ferrous metals market. This top‑line size provides a stable platform for future expansion.
✓ Strength
Consistent profitability despite industry cycles and
Net profit stood at ₹155.04 cr, delivering a healthy margin for a metal producer. The earnings track record suggests effective cost control and pricing power.
⚠ Risk
Exposure to metal price volatility risk
The company's earnings are closely linked to global non‑ferrous metal prices, which can swing sharply on macro‑economic shifts. A sustained decline in metal prices could compress margins and pressure profitability.
$ Valuation
Valuation reflects premium earnings multiple currently
The firm trades at a forward P/E of about 27.1x, which is higher than the sector average, indicating a premium for growth expectations. Its price‑to‑sales ratio of 0.6x suggests the market is valuing the revenue modestly, but the earnings multiple drives the overall price.
Top Analyst Reviews
| Analyst / Firm | Rating | Known For | Review |
|---|---|---|---|
| IPO India Hub Our independent review |
Original analysis based on DRHP & public financials | This page | |
| Dilip Davda Chittorgarh.com |
India's most followed independent IPO analyst | Search on Chittorgarh → | |
| Capital Market (CM Rating) CapitalMarket.com |
Widely-cited "New Issue Monitor" reports | Search on CapitalMarket → | |
| ICICI Securities ICICIdirect Research |
SEBI-registered broker research desk | Visit ICICIdirect → | |
| IPO Guru Analyst Leaderboard ipoguru.in |
Ranks 49 analysts by real IPO outcome accuracy | View leaderboard → |
External links go to each platform's IPO section — search for "CMR Green Technologies Limited" to find the specific review. IPO India Hub does not represent the accuracy of third-party ratings.
Company Snapshot
Revenue
₹6666.49 Cr
Net Profit
₹155.04 Cr
Industry
Non-Ferrous Metals
Issue Type
Offer for Sale (OFS)
Promoters
MOHAN AGARWAL, PRATIBHA AGARWAL, AKSHAY AGARWAL AND RAGHAV AGARWAL
Lead Managers
Equirus Capital, ICICI Securities and Motilal Oswal Investment Advisors
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