CMR Green Technologies shares debut at 39.6 percent premium

Shares of aluminium recycler CMR Green Technologies rose 39.6 percent on their debut following a $66 million IPO. The offering was subscribed 127 times.

CMR Green Technologies rose 39.6% on its trading debut in India on Wednesday following a $66 million initial public offering. The listing is the first in the country in nearly a month after uncertainty triggered by the Iran war left investors rattled. CMR Green Technologies had an issue price of 192 rupees and was subscribed 127 times.

Strong Subscription Breaks IPO Drought

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