CMR Green Technologies' initial public offering (IPO) has been subscribed 2.46 times as of day two, according to livemint.com. The IPO opened for public subscription on June 3 and will remain open until June 5, with a price band set between ₹182 and ₹192 per share. The company raised ₹188.44 crore through an anchor book ahead of the public subscription.
The IPO saw strong investor demand, with the issue fully subscribed on the first day itself. CMR Green Technologies is a non-ferrous metal recycler, and its shares are tentatively scheduled to list on June 10. The company's successful anchor book subscription and rapid public subscription indicate robust market interest in its public offering.
This subscription level reflects growing investor appetite for companies in the sustainable and recycling sectors, which have gained prominence amid increasing environmental concerns. The ₹188.44 crore raised through anchor investors provides a solid foundation for the IPO, positioning CMR Green Technologies alongside other recent public offerings in the green technology space that have attracted significant capital.
The IPO subscription data as of June 4 shows a 2.46 times subscription rate, with the issue closing on June 5. The tentative listing date for CMR Green Technologies shares is June 10, marking a key milestone for the company’s public market debut.