- Company: Haryana-based CMR Green Technologies Ltd, a leading non-ferrous metal recycler.
- Filing Date: Refiled preliminary papers with SEBI on August 29, 2025.
- IPO Structure:
- Entirely Offer for Sale (OFS) by promoters and investor Global Scrap Processors (which owns 13.05%).
- Promoters hold the remaining 86.95%.
- No fresh issue → Company will not receive IPO proceeds.
Background
- Earlier in Sept 2021, company filed for an IPO comprising:
- Fresh issue of ₹300 crore
- OFS of 3.34 crore shares
- Approved by SEBI in Feb 2022, but IPO wasn’t launched within the deadline.
Business Snapshot
- Market Position: Largest market share in India’s secondary aluminium market (FY25).
- Products:
- Recycled aluminium alloys (ingots & liquid form)
- Zinc alloy ingots
- Furnace-ready scrap of stainless steel, copper, brass, zinc, lead, magnesium
- Aluminium billets (for automotive & non-automotive sectors)
- Peers: Pondy Oxides and Chemicals, Gravita India, Baheti Recycling Industries.
Financials (FY25 vs FY24)
- Revenue: ₹6,666.5 crore (+12%) vs ₹5,952.4 crore
- Profit: ₹155 crore vs loss of ₹838.6 crore in FY24
- FY24 loss due to exceptional loss of ₹1,239.6 crore
Book Running Lead Managers
- Equirus Capital
- ICICI Securities
- Motilal Oswal Investment Advisors
