CMR Green Technologies IPO allotment: The basis of allotment of CMR Green Technologies, a non-ferrous metal recycler, is expected to be finalised on Monday, June 8. The details will be out on the websites of the NSE, the BSE and registrar KFin Technologies.
The initial public offering was subscribed a whopping 127.04 times, with bids for 2,92,75,44,594 equity shares, compared to 2,30,43,930 shares on offer, according to the BSE data.
The bidding was led by qualified institutional buyers (QIBs) who subscribed 270.46 times the quota allotted for them. The part meant for non-institutional investors (NIIs) attracted 172.35 times subscription, while retail investors’ portion was booked 27.03 times.
The ₹630.88 crore initial share sale was only an offer-for-sale (OFS) of up to 3.29 crore shares by promoters and an investor selling shareholder.
With a price band of ₹182 to ₹192 per share, a lot consisted of 78 shares.
Faridabad-based CMR Green Technologies processes and makes aluminium alloy (ingot and liquid), zinc alloy and furnace-ready scrap of copper, brass, stainless steel, lead and magnesium, among others.
It runs 13 recycling facilities across India and has built a procurement network spanning domestic markets and Asia, Africa, Europe, the Middle East and the Americas.
Its clients include Bajaj Auto, Hero MotoCorp, Honda Cars India, Royal Enfield Motors, Rockman Industries, Craftsman Automation and Endurance Technologies.
CMR Green Technologies IPO allotment date and time
CMR Green Technologies IPO allotment is expected to be finalised on Monday, June 8, by late evening.
How to check CMR Green Technologies IPO allotment status online on NSE
- Visit NSE’s allotment status page: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
- Select ‘Equity & SME IPO bid details’
- Choose ‘CMR Green Technologies’ under the symbol ‘CMRG’
- Enter your PAN details and application number
- Click on submit
Steps to check CMR Green Technologies IPO allotment status online on BSE
- Click on this link: https://bseindia.com/investors/appli_check.aspx.
- Select ‘Equity’ as the issue type
- From the ‘Issue Name’ list, select ‘CMR Green Technologies Ltd’
- Add either PAN details or IPO application number
- Click on ‘I’m not a robot’ tab and hit the ‘Search’ button
CMR Green Technologies IPO listing date and time
Shares of CMR Green Technologies will be listed on the NSE and the BSE on Wednesday, June 10, at 10 am.
CMR Green Technologies IPO GMP
According to investorgain.com and media reports, the unlisted shares of CMR Green Technologies were trading at ₹259.5 per share, reflecting a grey market premium (GMP) of 35.16% over the upper price band of ₹192.