CMR Green Technologies IPO Draws 6 Billion Dollars in Bids
The aluminium recycler received bids worth 563.97 billion rupees for its initial public offering on Friday. Strong demand from institutional and retail investors suggests a recovery in India's primary market following recent regional instability.
CMR Green Technologies received bids worth 563.97 billion rupees ($5.94 billion) for its $65.8 million initial public offering on Friday. This offering marks the first primary market fundraise in India in approximately one month. Strong oversubscription signals a recovery in investor appetite for the non-ferrous recycling sector despite recent regional geopolitical volatility.
