CMR Green Technologies Ltd's initial public offering (IPO) closes today after a three-day bidding period from June 3 to June 5, 2026. The company set its price band between ₹182 and ₹192 per share, aiming to raise ₹630.88 crore through an offer for sale of 3.29 crore equity shares, according to livemint.com.
The IPO, listed on the mainboard, attracted strong demand throughout the subscription period. Investors could apply for lots of 78 shares each, with the upper price band fixed at ₹192 per share. The offer for sale structure means existing shareholders are selling their shares rather than the company issuing new equity, as detailed by livemint.com.
This IPO is significant as it adds to the growing number of green technology firms accessing public markets amid rising investor interest in sustainable industries. The ₹630.88 crore target places it among notable recent mainboard offerings in the environmental technology sector, reflecting broader market appetite for companies focused on clean energy and sustainability solutions, per livemint.com.
Subscription data and the final allotment details will be disclosed following the close of bidding today. The company’s shares are expected to be listed on the stock exchange shortly after, marking a key milestone for CMR Green Technologies in expanding its capital base and public investor reach, according to livemint.com.