The Rs 631 crore IPO of CMR Green Technologies opened for subscription today and witnessed healthy investor participation, with the issue subscribed 1.87 times as of Day 1 against the 2.30 crore shares on offer. The non-institutional investor (NII) segment led the demand, garnering 3.93 times subscription, while the retail category was subscribed 2.03 times.
Market sentiment remains upbeat, reflected in the grey market premium (GMP) of around 33%. Based on the upper end of the price band at Rs 192 per share, the GMP indicates a potential listing price of approximately Rs 255–Rs 256.
