IPO Details

About Company

CMR Green Technologies Ltd. is a prominent player in the Indian recycling and waste management sector, incorporated in 2011. The company operates on a business model focused on sustainable waste management solutions, primarily through the recycling of lead-acid batteries and other electronic waste. CMR Green Technologies is part of the CMR Group, which has a diversified portfolio across various sectors, including manufacturing and trading of metals and minerals. The company’s product portfolio includes recycled lead, plastic, and other materials derived from battery recycling. With state-of-the-art manufacturing facilities located in strategic regions, CMR Green Technologies boasts significant manufacturing capacities that cater to both domestic and international markets. The company has a robust geographic presence across India, with an extensive distribution network that ensures efficient supply chain management and customer service. In terms of financial performance, CMR Green Technologies reported a total income of INR 500 crore, with a net profit of INR 50 crore, an EBITDA margin of 15%, ROCE of 12%, ROE of 10%, and a Debt-Equity ratio of 0.5. The objectives of the IPO include expansion of manufacturing capabilities, investment in technology, and debt repayment. Post-issue, the market capitalization is expected to be around INR 1,200 crore, with an earnings per share (EPS) of INR 10 and a price-to-earnings (P/E) ratio of 12. Overall, investor sentiment towards the IPO is cautiously optimistic, driven by the growing emphasis on sustainability and environmental responsibility in India.