CMR Green Technologies' initial public offering (IPO) has garnered strong investor interest, with the issue being booked nearly 9.57 times so far on the second day of bidding. The IPO, which opened on June 3, 2026, and closes on June 6, 2026, has received bids for over 12.3 crore shares against the total issue size of 1.29 crore shares, according to data from exchanges.
Subscription Details
The portion for qualified institutional buyers (QIBs) was subscribed 12.45 times, while the non-institutional investor category saw 8.32 times subscription. The retail individual investors (RIIs) portion was booked 5.78 times. The employee reservation category was subscribed 2.15 times.
Grey Market Premium (GMP) Signals
In the grey market, CMR Green Technologies shares are trading at a premium of Rs 85 per share over the issue price of Rs 215-227 per share. The current GMP of Rs 85 indicates a listing gain of around 37.4% over the upper price band. Analysts believe the strong subscription and positive market sentiment could lead to a stellar listing on the stock exchanges.
IPO Details
The IPO comprises a fresh issue of equity shares worth Rs 300 crore and an offer-for-sale (OFS) of up to 1.5 crore shares by existing shareholders. The price band is set at Rs 215-227 per share. The company plans to use the proceeds from the fresh issue for funding capital expenditure, repayment of debt, and general corporate purposes.
CMR Green Technologies is a leading player in the green technology space, focusing on renewable energy solutions and sustainable infrastructure. The company has shown strong financial performance in recent years, with revenue growing at a CAGR of 22% over the past three fiscals.
Market experts advise investors to consider the strong subscription and GMP before applying for the IPO. The listing is expected on June 13, 2026. For those who have applied, the strong demand signals a promising debut.
