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

CMR Green Technologies’ IPO saw a strong subscription of 127 times, with QIBs leading the demand. The issue, an offer-for-sale, garnered a grey market premium of nearly 37%, indicating a potential listing price of Rs 262. The company is India’s largest non-ferrous metal recycler, poised to benefit from sustainable manufacturing trends.

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