CMR Green Technologies IPO GMP, Price, Date, Allotment

CMR For a better tomorrow CMR Green Technologies IPO description — The company is the largest metal recycler in the Indian aluminium recycling industry and amongst the largest in the world. It is primarily focused on the recycling of aluminum, which involves the processing of aluminium based metal scrap to manufacture aluminium alloys and supplying them both in liquid form as well as solid ingots, and on the manufacturing of zinc alloys. Among the major key end-use industries, demand from the automotive industry forms a large portion of total volumes of secondary aluminium in India. Within the automotive segment of recycled aluminium industry in India, it occupied an estimated market share of 26-30% in Fiscal 2020. In addition to aluminium recycling, the company focuses on segregation and recycling of other metals such as stainless steel, copper, brass, zinc, magnesium and steel that form part of the mixed metal scrap that it procures, and recycling of end of life vehicles (ELVs) where it undertakes dismantling, shredding and sorting of ELV parts. CMR Green Technologies currently operates through 12 manufacturing facilities of which, 10 facilities undertake aluminium recycling operations, targeted towards the automotive manufacturing sector in India and overseas. These manufacturing facilities are situated in key auto clusters in north, west and south India and are strategically located close to its customers' manufacturing facilities. The company is also in the process of setting up a cold refining plant in Gujarat to create further operational efficiency and reduce logistics cost.