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The Economic Times

Ritesh Presswala

CMR Green Technologies IPO Day 3: Issue booked over 127 times on strong QIB demand; 40% GMP signals strong listing premium

CMR Green Technologies CMR Green IPO aluminium India ICRA

The Rs 631 crore initial public offering (IPO) of CMR Green Technologies was booked over 127 times at the end of the subscription process on Friday. The company received bids for over 292 crore shares as against 2.3 crore shares on offer.

Demand was led by Qualified Institutional Buyers (QIBs), whose category was subscribed to 270.46 times, while retail investors subscribed 27.03 times.

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