ListedMainboard

CMR Green Technologies Limited

CMRGREENIndustrial Manufacturing3 Jun 2026 – 5 Jun 2026INE00WV01027

Promoters Mohan Agarwal · Pratibha Agarwal · Akshay Agarwal · Raghav Agarwal

On listing day it
we hold no exchange bar dated on the listing date
Since then, against the issue price
+19.5%
₹229.49 on 22 Sept 2026

Against an issue price of ₹192. Split- and bonus-adjusted official closes — a past move, never a forecast.

Issue price
₹192
final issue price
Issue size
₹631 cr
OFS
Lot size
78 sh
₹14,976 a lot
Listed on
10 Jun 2026
NSE
Now trading as CMRGREEN — see its filed financials and price history →
Valued at the offer price4,206 cr21,90,55,489 shares after the issue × ₹192, the final issue price. Not a market capitalisation — that moves with the traded price.
Notes

CMR Green Technologies Limited raised ₹631 crore through a mainboard initial public offer.

The filing places it in Industrial Manufacturing and names four promoters: Mohan Agarwal, Pratibha Agarwal, Akshay Agarwal and Raghav Agarwal.

The book was open from 3 June 2026 to 5 June 2026.

The issue was priced at ₹192 a share, from a band of ₹182 to ₹192.

The whole offer is an offer for sale — ₹631 crore paid to existing shareholders selling down, not to the company.

We did not poll this issue while its book was open. The exchange publishes only the current cumulative figure and no history, so a subscription series cannot be reconstructed after an issue closes.

18 anchor investors were allotted shares before the book opened, worth ₹188 crore.

The shares listed on 10 June 2026.

The last official close on file is ₹229 (22 September 2026), which is 19.5% above the issue price.

It now trades as CMRGREEN, and its filed financials are on its company page.

How it has done since listing
NSE close · 22 Sept 2026
Issue price
₹192
final issue price
Listing-day move
Now vs issue price
+19.5%
22 Sept 2026
Since first close

Shares sold in the issue at ₹192 last closed at ₹229.49.

See CMRGREEN’s filed financials and price history →

Official exchange closes, restated for splits, bonuses and rights issues since listing. A record of past price movement, not a forecast.

The offer
Regulation 6(1)
Issue price
₹192
face value ₹2
Lot size
78 sh
₹14,976 a lot
Issue size
₹631 cr
OFS
Shares after issue
21.91 cr
21,90,55,489
Offer for sale
3.29 cr
shares sold by existing holders

No fresh issue — every share in this offer is being sold by existing shareholders, so the company itself raises nothing.

Registrar
KFintech Private Limited
Lead managers
  • Equirus Capital Private Limited
  • Motilal Oswal Investment Advisors Pvt Limited
  • ICICI Securities Limited
What happens when
3-day book
  1. Bidding opens3 Jun 2026
  2. Bidding closes5 Jun 2026
  3. Basis of allotmentnot published

    Not published in the exchange feeds we ingest — we do not estimate it.

  4. Listing10 Jun 2026
Subscription

We did not poll this issue while its book was open. The exchange publishes only the current cumulative figure and no history, so a subscription series cannot be reconstructed after an issue closes.

Demand at each price

We did not poll this issue while its book was open. The exchange publishes only the current cumulative figure and no history, so a subscription series cannot be reconstructed after an issue closes.

Who bought before the book opened
18 investors · ₹188 cr

Anchor investors are institutions allotted shares one working day before public bidding opens, at a price fixed then. Their shares are locked in for a set period. At least 6 of them are domestic mutual funds; we could not classify 11 of the names either way.

GOLDMAN SACHS FUNDS - GOLDMAN SACHS INDIA EQUITY PORTFOLIO₹20 cr
ICICI PRUDENTIAL MULTICAP FUND₹20 cr
KOTAK MAHINDRA TRUSTEE CO LTD A/C KOTAK SPECIAL OPPORTUNITIES FUNDmutual fund₹20 cr
NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA SMALL CAP FUNDmutual fund₹20 cr
SBI COMMA FUND₹20 cr
HDFC MUTUAL FUND - HDFC CHILDRENS FUNDmutual fund₹16.2 cr
360 ONE EQUITY OPPORTUNITY FUND - SERIES 4₹10 cr
ABAKKUS GROWTH FUND - OPEN ENDED₹10 cr
BNP PARIBAS FUNDS EMERGING MARKETS ENVIRONMENTAL SOLUTIONS₹7.7 cr
BANK OF INDIA MID CAP FUND₹7 cr
BAJAJ LIFE INSURANCE LIMITED₹6.5 cr
KOTAK MAHINDRA LIFE INSURANCE COMPANY LTD.₹6.5 cr
CITIGROUP GLOBAL MARKETS MAURITIUS PRIVATE LIMITED₹5 cr
SUSQUEHANNA PACIFIC PTY LTD₹5 cr
EDELWEISS TRUSTEESHIP CO LTD AC - EDELWEISS MF AC - EDELWEISS EQUITY SAVINGS FUNDmutual fund₹4.8 cr
HDFC MUTUAL FUND - HDFC MANUFACTURING FUNDmutual fund₹3.8 cr
BANK OF INDIA BUSINESS CYCLE FUND₹3 cr
EDELWEISS TRUSTEESHIP CO LTD AC - EDELWEISS MF AC- EDELWEISS RECENTLY LISTED IPO FUNDmutual fund₹2.9 cr

From the issuer’s anchor allotment filing. A record of who was allotted what — not a recommendation.

When locked shares come free
computed from ICDR rules
  • Anchor investors — first tranche
    SEBI ICDR 2018 Reg. 32(5)(b) — 50% of the anchor allocation, 30 days from allotment
    10 Jul 2026
    50% of this tranche
  • Anchor investors — second tranche
    SEBI ICDR 2018 Reg. 32(5)(a) — the remaining 50% of the anchor allocation, 90 days from allotment
    8 Sept 2026
    50% of this tranche
  • All other pre-issue capital
    SEBI ICDR 2018 Reg. 17 — all other pre-issue capital, 6 months from allotment
    10 Dec 2026
    whole tranche releases on this date
  • Promoters' minimum contribution
    SEBI ICDR 2018 Reg. 16(1)(a) — promoters' minimum contribution, 18 months from allotment
    10 Dec 2027
    whole tranche releases on this date

Computed from the SEBI ICDR 2018 lock-in rules, not disclosed by the issuer or the exchange. The regulation counts from the date of allotment, which no feed we ingest publishes, so these are counted from the listing date and fall at most two to three business days later than the true expiry.

How the price was set
as printed in the prospectus

Every offer document must set out the reasoning behind its own price: what the company earned in the years before it came to market, and what multiple of those earnings it is asking for. This is that chapter — the issuer’s argument for its price, not our assessment of it.

Asking, at the top of the band
The issuer's chosen peers
52.7x
average of a 34.6x – 76.2x range
Earnings the price leans on

Figures as printed in the offer document's "Basis for Offer Price" chapter. A record of the case the issuer made for its own price, not our valuation of it.

Restated financials

Everything we extracted from this issue's offer document is the pricing justification rather than the restated statements — it is shown under how the offer was priced. The restated financial statements themselves have not been extracted for this issue.

Objects of the offer

We have not extracted this section from the offer document for this issue yet. It is read from the abridged prospectus, and several offer documents are served as .zip archives or as scanned pages with no text layer.

Peers named by the issuer

The peer table is printed in the offer document's "Basis for Offer Price" chapter; we have not extracted it for this issue yet.

The issuer’s own figures, as it printed them
EPS
₹6.50
NAV per share
₹20.93
Return on net worth
31.08%

The issuer's own figures as printed at the head of the same table — its claim about itself, on the same basis as its claims about the companies below.

Who ran this issue, and what else they have run
past issues only
Lead managers
FirmIssuesTypical listing move
Equirus Capital Limited
20212026
31
4 measurable
+20.0%
ICICI Securities Limited
20212026
87
12 measurable
+16.0%
Motilal Oswal Investment Advisors Limited
20222026
40
8 measurable
+22.8%
Registrar
FirmIssuesTypical listing move
KFintech Private Limited
20232026
68
2 measurable
+35.7%

A count of what happened to the other issues each firm was named on, computed from exchange closes. Not a rating, not a ranking, and not a view on the firm.

Compiled from NSE and SEBI offer documents and exchange feeds. A description of the issue and of the bids received — not investment advice, and not a view on whether to apply. No grey-market premium, no allotment lookup and no listing-gain estimate is published here.