CMR Green Technologies Limited opened its IPO on 03 June 2026 and the issue will close on 05 June 2026. The public issue entered the market with active participation from several investor groups. Early subscription data shows strong demand from non-institutional investors and steady support from retail investors. At the same time, qualified institutional buyer participation remains limited at this stage.
The IPO carries the symbol CMRGREEN and the security type is EQ. As per the exchange data, the total number of shares offered stands at 2,30,43,930 shares. Against this, bids came for 4,11,41,802 shares in the first update, which resulted in an overall subscription of 1.79 times.
A later update showed stronger momentum. Total bids increased to 5,66,05,068 shares. This pushed the overall subscription level to 2.46 times. The rise in demand within a short period reflects growing market attention toward the issue.
Overall Subscription Trend
The IPO data presents a clear picture of investor activity across different categories. Retail and high-net-worth investors showed greater participation compared to institutional investors.
The first data set showed the following numbers:
| Category | Shares Offered | Shares Bid For | Subscription |
|---|---|---|---|
| QIB | 65,42,929 | 2,04,984 | 0.03x |
| NII | 49,07,197 | 2,30,87,922 | 4.70x |
| Retail | 1,14,50,126 | 1,75,06,944 | 1.53x |
| Employees | 1,43,678 | 3,41,952 | 2.38x |
| Total | 2,30,43,930 | 4,11,41,802 | 1.79x |
The later update reflected stronger demand:
| Category | Shares Offered | Shares Bid For | Subscription |
|---|---|---|---|
| QIB | 65,42,929 | 2,11,302 | 0.03x |
| NII | 49,07,197 | 2,78,45,298 | 5.67x |
| Retail | 1,14,50,126 | 2,80,91,232 | 2.45x |
| Employees | 1,43,678 | 4,57,236 | 3.18x |
| Total | 2,30,43,930 | 5,66,05,068 | 2.46x |
The numbers indicate a visible rise in participation from retail and non-institutional investors as the bidding process moved ahead.
Strong Demand From Non-Institutional Investors
The non-institutional investor category emerged as the strongest segment in this IPO. In the first update, the category received bids for 2,30,87,922 shares against 49,07,197 shares reserved. This resulted in a subscription level of 4.70 times.
The second update showed even stronger activity. Total bids climbed to 2,78,45,298 shares. Subscription moved higher to 5.67 times.
Within this segment, investors who applied for more than ten lakh rupees showed major participation. This category alone received bids for 1,76,42,898 shares in the later update against 32,71,465 shares reserved. Subscription here stood at 5.39 times.
Investors in the two lakh to ten lakh rupee category also showed healthy response. Bids reached 1,02,02,400 shares against 16,35,732 shares offered. Subscription rose to 6.24 times.
The data suggests that wealthy individual investors and large applicants hold a positive view toward the IPO during the current phase.
Retail Investors Show Steady Confidence
Retail participation remained healthy throughout the bidding period. In the first update, retail investors bid for 1,75,06,944 shares against 1,14,50,126 shares offered. This resulted in subscription of 1.53 times.
The second update showed a major jump in interest. Retail bids increased to 2,80,91,232 shares. Subscription moved to 2.45 times.
Most retail bids came through the cut-off option. In the latest figures, cut-off bids reached 2,33,61,234 shares. Price bids stood at 47,29,998 shares.
This pattern usually reflects broad participation from small investors who prefer the standard bidding route instead of entering specific price levels.
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QIB Segment Remains Quiet
Qualified Institutional Buyers, also known as QIBs, showed limited participation during the reported period. Against 65,42,929 shares reserved, bids stood at only 2,11,302 shares in the latest update. Subscription remained at 0.03 times.
Within the QIB category, domestic financial institutions submitted bids for 53,118 shares. The “Others” segment accounted for 1,58,184 shares. No bids appeared from foreign institutional investors or mutual funds during the reported period.
Such trends are not uncommon during the early phase of book building. Institutional investors often wait until the final day before placing large bids. Therefore, the current QIB figures may not reflect final institutional participation.
Employee Portion Sees Positive Response
The employee category also received a good response. The first update showed bids for 3,41,952 shares against 1,43,678 shares reserved. Subscription stood at 2.38 times.
The later update showed further rise in demand. Total bids increased to 4,57,236 shares. Subscription improved to 3.18 times.
Most applications came through the cut-off route, while a smaller portion entered through price bids.
This trend may indicate internal confidence among eligible participants connected with the company.
What The Subscription Data May Suggest
IPO subscription numbers often help market participants understand investor mood during the issue period. However, subscription figures alone do not guarantee future stock performance after listing.
In the case of CMR Green Technologies Limited, the strongest support currently comes from non-institutional investors and retail investors. The steady rise in bids within a short period shows active market participation.
The weak QIB response may attract attention, but institutional participation sometimes appears near the closing stage. Therefore, the final subscription pattern could look different after the issue closes on 05 June 2026.
The latest numbers suggest that investor attention toward the IPO has increased as the bidding window progresses. Retail demand, HNI activity, and employee participation remain the key highlights at this stage.
Important Note On Data
The displayed demand data includes both UPI and non-UPI bids. In the case of UPI applications, only bids with the status “RC100 – Mandate Accepted by Investor and amount Blocked” appear in the exchange figures.
The exchange also stated that the final demand display for UPI bids may receive updates till 7:00 PM on the last day of the IPO.
All subscription figures mentioned above come from exchange-based bidding data available during the active subscription period. Final allotment and listing outcomes may differ from current trends.
Conclusion
CMR Green Technologies Limited has received encouraging response during the ongoing IPO process. Retail investors and non-institutional investors continue to drive demand, while employee participation also remains healthy.
The issue now enters an important final phase where institutional activity may play a larger role. Market participants may continue to watch subscription trends closely until the IPO closes on 05 June 2026.
At the present stage, the IPO reflects active investor interest with overall subscription moving from 1.79 times to 2.46 times within the reporting period.
DATA SOURCE: NSE INDIA
FAQs
1. What is the subscription status of the CMR Green Technologies IPO?
The latest exchange data shows that the CMR Green Technologies IPO received bids for 5,66,05,068 shares against 2,30,43,930 shares offered. The overall subscription stands at 2.46 times.
2. Which investor category showed the highest demand in the IPO?
The Non-Institutional Investor (NII) category showed the strongest response. This segment received subscription of 5.67 times in the latest update.
3. How did retail investors respond to the IPO?
Retail investors showed healthy participation. The retail portion received bids for 2,80,91,232 shares against 1,14,50,126 shares reserved. Subscription in this category reached 2.45 times.
4. Why is the QIB subscription lower at this stage?
Qualified Institutional Buyers (QIBs) often place bids during the final phase of the IPO process. As of the latest update, the QIB category stands subscribed 0.03 times.
5. When will the CMR Green Technologies IPO close?
The IPO opened on 03 June 2026 and will close on 05 June 2026.
