• IPO details: The issue is a complete offer for sale of 3.28 crore equity shares sized at approximately ₹630–631 crore, priced at ₹182–192 per share and subscribed 2.5 times on day 1.
• Market position: CMR Green Technologies holds nearly a 45% market share across India in auto recycled aluminum demand and is diversifying into virgin sectors like billets, sheet ingots, and beverage can recycling for Hindalco.
• Capacity and utilization: The company operates an annual capacity of about 6,05,000 tonnes, keeping auto utilization capped at around 70% to ensure supply redundancy while aiming for 90–95% utilization in its new beverage can and billet businesses.
• Debt-to-equity outlook: Leverage increased to a debt-to-equity ratio of 0.76 due to roughly ₹500 crore of capital expenditure over the past two years and higher raw material costs, but management expects it to normalize to 0.5–0.6.