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CMR Green IPO Allotment Finalised Ahead of June 10 Listing

Heavy institutional demand plus high grey‑market premiums signal a likely strong first‑day gain that will determine early investor returns.

Overview

  • The company finalised the basis of allotment on Monday, June 8, and investors can verify their allocations on BSE, NSE or the registrar KFin Technologies.
  • Refunds for unsuccessful applicants and debit or demat credit notifications were scheduled for Tuesday, June 9, so only successful applicants with credited shares can trade on listing day.
  • The Rs 630.9 crore IPO was a 100% offer‑for‑sale priced at Rs 182–192 with a lot size of 78 shares and attracted heavy demand, with overall subscription around 127 times and QIBs about 270 times.
  • Unofficial grey‑market trading showed large premiums equating to an implied 35–37% uplift over the IPO upper price, but those figures are sentiment measures and not a guarantee of listing performance.
  • CMR Green is a Faridabad‑based non‑ferrous metal recycler and secondary aluminium supplier to major OEMs, and the IPO lets existing shareholders monetise holdings rather than raising fresh cash for the company.