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The Economic Times
The Economic Times
Ritesh Presswala

CMR Green Technologies IPO Day 2: GMP signals 31% upside; Issue sees strong subscription. Should you subscribe?

CMR Green Technologies CMR Green IPO GMP aluminium ICRA

The Rs 631 crore IPO of CMR Green Technologies entered its second day of subscription with a grey market premium (GMP) of around 31%. Based on the upper end of the price band at Rs 192 per share, the GMP suggests a potential listing price of approximately Rs 252.

The issue witnessed strong investor interest on the first day, getting oversubscribed 2.46 times against the 2.30 crore shares on offer. The non-institutional investor (NII) segment drove demand with a subscription of 5.67 times, while the retail investor category was subscribed 2.45 times.

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