CMR Green Technologies' initial public offering (IPO), open from June 3 to June 5, saw a subscription rate of 127.07 times, reflecting strong investor demand. The company is set to finalize share allotment on June 8, ahead of its stock market debut on June 10, with a grey market premium of ₹71 signaling positive market sentiment, according to livemint.com.
The ₹630.88-crore IPO attracted massive bids over its three-day subscription period. Investors can check the allotment status on the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), and through the registrar Kfin Technologies. The company’s shares are expected to list at ₹192 per share, indicating robust interest from retail and institutional investors, livemint.com reported.
This IPO subscription rate is notable in the current market environment, where subscription levels vary widely across sectors. The strong grey market premium suggests confidence in CMR Green Technologies’ prospects. The company’s successful capital raise adds to the growing number of green technology firms accessing public markets, reflecting investor appetite for sustainable and clean energy businesses in India, per livemint.com.
Share allotment will be finalized on June 8, with CMR Green Technologies scheduled to debut on the stock exchanges on June 10. Investors and market watchers will closely monitor the listing performance, which could set a benchmark for upcoming IPOs in the green technology sector, according to livemint.com.