Bhubaneswar: CMR Green Technologies Limited (“The Company”), the leading non-ferrous metal recycler in terms of installed capacity as of March 31, 2025 and having the highest market share in the Indian secondary aluminum market in terms of revenue from operations for the Fiscal 2025 amongst the peer companies. (Source: ICRA Report) has filed its Draft Red Herring Prospectus (“DRHP”) with market regulator Securities and Exchange Board of India (“SEBI”).
The Company plans to raise funds through offer of equity share capital via initial public offering. The Public Offer comprises ‘Offer for Sale’ of up to 42,890,735 equity shares with face value Rs.2 each share.
CMR Green Technologies Limited has a capacity advantage over domestic players, with an installed capacity of around 4 times of the nearest competitor in the domestic recycled aluminium space, as of March 31, 2025. The company rank among the largest players in the global aluminium recycling industry in terms of installed capacity as of 31st March 2025. Its revenue from operations has grown at a CAGR of around 23% from year FY2007 to FY2025. (Source: ICRA Report).
Equirus Capital Private Limited, ICICI Securities Limited and Motilal Oswal Investment Advisors Limited are the Book Running Lead Managers (BRLMs) to the issue.
