CMR Green Technologies Lists Above ₹192 Issue Price on Both BSE and NSE
CMR Green Technologies made a strong market debut, listing at ₹275.40 on BSE and ₹268 on NSE against an IPO issue price of ₹192 per share. The IPO was subscribed 9.49x overall, with Non-Institutional Buyers leading at 23.53x (sHNI) and 20.52x (bHNI), followed by Retail at 7.82x, Employees at 6.72x, and QIBs at 3.45x.
*this image is generated using AI for illustrative purposes only.
CMR Green Technologies made a strong market debut, listing above its IPO issue price of ₹192 per share on both major exchanges. The stock opened at ₹275.40 on BSE and ₹268 on NSE, reflecting healthy listing premiums across both platforms. The listing follows a well-subscribed IPO that recorded an overall subscription of 9.49x, underscoring broad investor confidence across categories.
IPO Subscription Breakdown
The IPO witnessed robust participation across investor segments. Non-Institutional Buyers led the subscription momentum, with the sHNI category subscribing 23.53x and the bHNI category recording 20.52x. Retail investors subscribed 7.82x, while Employees subscribed 6.72x. Qualified Institutional Buyers (QIB) came in at 3.45x, contributing to an overall subscription of 9.49x.
| Investor Category | Subscription |
|---|---|
| Non-Institutional Buyers (sHNI) | 23.53x |
| Non-Institutional Buyers (bHNI) | 20.52x |
| Retail | 7.82x |
| Employees | 6.72x |
| Qualified Institutional Buyers (QIB) | 3.45x |
| Total Subscribed | 9.49x |
Listing Performance
The company's shares listed above the issue price on both exchanges, with BSE recording a higher opening compared to NSE. The table below summarises the listing details across both platforms.
| Parameter | Details |
|---|---|
| Issue Price | ₹192 per share |
| Listing Price (BSE) | ₹275.40 per share |
| Listing Price (NSE) | ₹268 per share |
| Exchanges | BSE and NSE |
Will the strong listing gains be sustained in the coming weeks given the high subscription from Non-Institutional Buyers?
How might the relatively lower QIB subscription of 3.45x impact the stock's long-term institutional support?
What are the near-term catalysts that could drive further valuation premium for CMR Green Technologies?
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