Highlights
- Fresh issue of equity shares aggregating to ₹300 crore
- A pre IPO placement maybe considerd for an amount aggregation up to ₹ 600.00 million (60 crore) for cash.
incorporated in New Delhi, 2005 as Grand Metal Industries Private Limited.
It currently operates through 12 manufacturing facilities. Out of which 10 are aluminium recycling operations targeted towards the automotive manufacturing sector in India and overseas.
Objective of the Issue
- To repay certain debts
- For general corporate purposes
Competitive strengths
Risk Factor
- Limited number of customers for significant portions of our revenues and heavily dependent on the automotive sector.
- The company do not have any long agreements with their customers.
- High degree of competitiveness. (As per the CRISIL Report, the metal recycling industry is highly fragmented and unorganised, with most companies being run as family enterprises/proprietorships having regional presence.)
- Urgo Capital has initiated legal proceedings against the company
CMR Green Technologies IPO Details, Price, Market Lot
| CMR Green Technologies IPO Details | |
| IPO Open Date | will be updated |
| IPO Close Date | will be updated |
| IPO Issue Size | |
| Fresh Issue | ₹300 crore |
| Offer for Sale | 33,414,138 equity shares |
| Retail Portion | Not more than 10% of the Offer |
| NII Portion | Not more than 15% of the Offer |
| QIB Portion | Not less than 75% of the Offer |
| Listing At | NSE, BSE |
| CMR Green Technologies IPO Price | |
| Face Value | ₹2 |
| IPO Price Band | |
| Employee Discount | |
| IPO Issue Type | |
| CMR Green Technologies IPO Market Lot | |
| No. of Shares Per Lot | will be updated |
| Minimum Lot Size | will be updated |
| Maximum Lot Size | will be updated |
| Minimum Amount (Cut-off price) | will be updated |
| Maximum Amount (Cut-off price) | will be updated |
CMR Green Technologies IPO Date, Listing Date, Allotment Date
| CMR Green Technologies IPO Time Table (Tentative) | |
| IPO Open Date | will be updated |
| IPO Close Date | will be updated |
| Basis of Allotment Date | will be updated |
| Initiation of Refunds | will be updated |
| Credit of Share to Demat Account | will be updated |
| IPO Listing Date | will be updated |
Financial Report
| Year | Total Assets (₹ in Million) | Total Revenue (₹ in Million) | Profit After Tax (₹ in Million) |
| 31 March 2019 | 395.30 | 0.07 | 0.49 |
| 31 March 2020 | 1,216.65 | — | 1.23 |
| 31 March 2021 | 29,246.19 | 29,272.96 | 407.29 |
Company Promotor
GAURI SHANKAR AGARWAL, MOHAN AGARWAL, KALAWATI AGARWAL, PRATIBHA AGARWAL are the promoter’s of CMR Green Technologies.
Top shareholders of CMR Green Technologies
| Shareholder | Equity Shares (%) |
| Grand Metal Recycling Private Limited | 20.91 |
| Global Scrap Processors Limited | 13.42 |
| Suvridhi Financial Services Limited | 11.92 |
| Mohan Agarwal | 10.31 |
| Gauri Shankar Agarwala | 8.72 |
| Sanjivani Non Ferrous Trading Private Limited | 8.72 |
| Pratibha Agarwal | 6.99 |
| Forever Multimedia Private Limited | 6.54 |
| Kalawati Agarwal | 5.19 |
IPO Promotors Holding
| Pre Issue Promotor’s Holding | |
| Post Issue Promotor’s Holding |
Company Address
Unit Nos. 802-803, 8th Floor, SSR Corporate Park, Sector 27 B, Faridabad 121 003, Haryana, India
- Telephone: +91 129 422 3050
- E-mail: complianceofficer@cmr.co.in
- Website: www.cmr.co.in
IPO Registrar, Lead Manager, Prospectus
| CMR Green Technologies IPO Prospectus |
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| CMR Green Technologies IPO Registrar |
KFin Technologies Private Limited
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| CMR Green Technologies IPO Lead Manager |
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CMR Green Technologies IPO Review (Apply or Avoid)
| Brokerage Firm’s Review |
| My Personel Opinion |