National | CMR Green Technologies Limited (“CMR” or “The Company”), shall open the Bid / Offer Period in relation to its initial public offer of the Equity Shares on Wednesday, June 3, 2026.
The Offer comprises an offer for sale of up to 32,858,323 Equity Shares (“Offered Shares”) (face value ₹ 2 each) (“Equity Share(s)”) by the Selling Shareholders. The Offered Shares comprises up to 4,959,428 Equity Shares by Mohan Agarwal (the “Promoter Selling Shareholders”), up to 1,000,000 Equity Shares by Gauri Shankar Agarwala HUF (through Its karta), up to 500,000 Equity Shares by Mohan Agarwal HUF (through its karta) (the “Promoter Group Selling Shareholders”) and up to 26,398,895 Equity Shares by Global Scrap Processors Limited (the “Investor Selling Shareholder”) (collectively, the “Selling Shareholders”) (such offer for sale of the Equity Shares by the Selling Shareholders, the “Offer” or “Offer for Sale”).
This Offer includes a reservation of up to such number of Equity Shares aggregating up to ₹ 25.00 million for subscription by eligible employees (the “Employee Reservation Portion”).
The Anchor Investor Bid/Offer Period opens and closes on Tuesday, June 2, 2026. The Bid/Offer Period will open on Wednesday, June 3, 2026 for subscription and close on Friday, June 5, 2026 (“Bid Details”).
Bids can be made for a minimum of 78 Equity Shares and in multiples of 78 Equity Shares thereafter (the “Minimum Bid Lot”).
This Equity Shares are being offered through the Red Herring Prospectus of the Company dated May 27, 2026, (the “RHP”) filed with the Registrar of Companies, Haryana at Chandigarh.
The Equity Shares to be offered through the Red Herring Prospectus are proposed to be listed on the stock exchanges being BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE” together with BSE, the “Stock Exchanges”). For the purposes of the Offer, BSE is the Designated Stock Exchange (the “Listing Details”).
This Offer is being made in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended (“SCRR”) read with Regulation 31 of the SEBI ICDR Regulations, as amended. The Offer is being made through the Book Building Process in accordance with Regulation 6(1) of the SEBI ICDR Regulations wherein not more than 50% of the Net Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs”) (“QIB Portion”), provided that our Company, in consultation with the BRLMs, may allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis in accordance with the SEBI ICDR Regulations (“Anchor Investor Portion”). 40% of the Anchor Investor Portion shall be reserved as follows: (i) 33.33% shall be reserved for domestic Mutual Funds; and (ii) 6.67% shall be reserved for life insurance companies registered with the Insurance Regulatory and Development Authority of India under the provisions of the Insurance Act, 1938 and pension funds registered with the Pension Fund Regulatory and Development Authority under the provisions of the Pension Fund Regulatory and Development Authority Act, 2013, subject to valid Bids being received from them at or above the Anchor Investor Allocation Price. Any undersubscription in the reserved category for life insurance companies and pension funds may be allocated to the domestic Mutual Funds. In the event of under-subscription or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the remaining QIB Portion (other than the Anchor Investor Portion) (“Net QIB Portion”).
Further, 5% of the Net QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received at or above the Offer Price.
Further, not less than 15% of the Net Offer shall be available for allocation to Non-Institutional Bidders (“Non-Institutional Portion”) and not less than 35% of the Net Offer shall be available for allocation to Retail Individual Bidders (“Retail Portion”) in accordance with the SEBI ICDR Regulations, subject to valid Bids being received from them at or above the Offer Price. Further, Equity Shares will be allocated on a proportionate basis to Eligible Employees applying under the Employee Reservation Portion, subject to valid Bids received from them at or above the Offer Price. The Equity Shares available for allocation to Non-Institutional Bidders under the Non-Institutional Portion, shall be subject to the following: (i) one-third of the Non-Institutional Portion shall be available for allocation to Bidders with an application size of more than ₹0.20 million and up to ₹1.00 million; and (ii) two-third of the Non-Institutional Portion shall be available for allocation to Bidders with an application size of more than ₹1.00 million, provided that the unsubscribed portion in either of the aforementioned sub-categories of Non-Institutional Portion may be allocated to applicants in the other sub-category of Non-Institutional Portion. All Bidders, other than Anchor Investors, are mandatorily required to participate in the Offer through the Application Supported by Blocked Amount (“ASBA”) process by providing details of their respective ASBA Account (as defined hereinafter) and UPI ID in case of UPI Bidders (as defined hereinafter), as applicable), pursuant to which their corresponding Bid Amounts will be blocked by the Self Certified Syndicate Banks (“SCSBs”) or by the Sponsor Bank under the UPI Mechanism, as the case may be, to the extent of respective Bid Amounts. Anchor Investors are not permitted to participate in the Anchor Investor Portion through the ASBA Process. For details, see “Offer Procedure” on page 580.
Equirus Capital Limited (formerly known as Equirus Capital Private Limited)
ICICI Securities Limited and Motilal Oswal Investment Advisors Limited are the book running lead managers to the Offer (“BRLMs”).
All capitalised terms used herein but not defined shall have the same meaning as ascribed to them in the RHP.
Disclaimer:
CMR Green Technologies Limited is proposing, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions and other considerations, to undertake an initial public offering of its Equity Shares and has filed the Red Herring Prospectus with the Registrar of Companies, Haryana at Chandigarh on May 27, 2026 and later with Securities and Exchange Board of India and the Stock Exchanges. The Red Herring Prospectus shall be available on the websites of the Company i.e. www.cmr.co.in and SEBI, BSE and NSE at www.sebi.gov.in, www.bseindia.com and www.nseindia.com, respectively, and on the websites of the Book Running Lead Managers i.e. Equirus Capital Limited (formerly known as Equirus Capital Private Limited), ICICI Securities Limited and Motilal Oswal Investment Advisors Limited at www.equirus.com, www.icicisecurities.com and www.motilaloswalgroup.com, respectively. Potential investors should note that investment in equity shares involves a high degree of risk and for details relating to such risk, see the section titled “Risk Factors” on page 26 of the RHP. Potential investors should not rely on the DRHP filed with SEBI for making any investment decision but should only rely on the information included in RHP filed by the Company with the RoC for making investment decisions. The Equity Shares issued in the Issue have not been and will not be registered under the United States Securities Act of 1933, as amended (“U.S. Securities Act”) or any other applicable laws in the United States, and unless so registered, may not be issued or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and in accordance with any applicable U.S. state securities laws. Accordingly, the Equity Shares are being offered and sold outside the United States in ‘offshore transactions’ as defined in and in reliance on Regulation S under the U.S. Securities Act and the applicable laws of the jurisdictions where such offers and sales are made. The Equity Shares have not been and will not be registered, listed or otherwise qualified in any other jurisdiction outside India and may not be issued or sold, and Bids may not be made by persons in any such jurisdiction, except in compliance with the applicable laws of such jurisdiction.
