Shares of CMR Green Technologies made a strong stock market debut on Wednesday, listing at a sharp premium over the issue price amid robust investor demand for the company’s ₹631-crore initial public offering (IPO).

The stock debuted at ₹275.40 on the BSE, marking a premium of 43.4 per cent over the issue price of ₹192 per share. On the NSE, the shares listed at ₹268, up 39.5 per cent from the IPO price.

However, at around 10.10 am, the stock dipped to trade at the ₹255 mark.

According to Shivani Nyati, Head of Wealth at Swastika Investmart Ltd, the strong debut reflects investor interest in the company’s position as a leading non-ferrous metal recycler and secondary aluminium producer.

“Following such a sharp listing gain, some profit booking and short-term volatility are likely. Investors who received allotment may consider booking partial profits while continuing to hold the remaining shares for the medium to long term, given the company’s exposure to the growing recycled metals industry. New investors should avoid chasing the stock at elevated levels and wait for a correction or consolidation before considering fresh entries.”

“Overall, caution is warranted after the strong debut. Investors may maintain a stop-loss at cost ₹192 to protect gains, as a sustained move below this level could indicate weakening momentum,” Nyati added.

The strong listing came after the IPO attracted overwhelming investor interest across categories and was subscribed 127 times overall.

Among investor segments, the portion reserved for qualified institutional buyers (QIBs) was subscribed 270.46 times, while the non-institutional investor category saw subscribed 172.35 times. The retail investor portion was subscribed 27.03 times.

The IPO was fully subscribed on the first day of bidding itself, despite a largely bearish trend in the broader equity market during the week.

Ahead of the issue opening, CMR Green Technologies had raised ₹188.44 crore from anchor investors on Tuesday.

The company had fixed a price band of ₹182-192 per equity share for the IPO.

The public issue was entirely an offer-for-sale (OFS) of up to 3.28 crore equity shares by promoters and an investor selling shareholder.

Faridabad-based CMR Green Technologies is engaged in processing and manufacturing aluminium alloys in ingot and liquid form, zinc alloys, and furnace-ready scrap of stainless steel, copper, brass, lead and magnesium, among other materials.

The company supplies products to major automotive and engineering companies, including Honda Cars India, Bajaj Auto, Hero MotoCorp, Royal Enfield Motors, Endurance Technologies, Rockman Industries and Craftsman Automation.

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Published on June 10, 2026

Crude oil futures traded higher on Wednesday morning after the US forces launched new strikes against Iranian targets in response to the downing of an American helicopter.

At 10.20 am on Wednesday, August Brent oil futures were at $91.98, up by 0.58 per cent, and July crude oil futures on WTI (West Texas Intermediate) were at $88.74, up by 0.60 per cent. June crude oil futures were trading at ₹8479 on Multi Commodity Exchange (MCX) during the initial hour of trading on Wednesday against the previous close of ₹8421, up by 0.69 per cent, and July futures were trading at ₹8355 against the previous close of ₹8317, up by 0.46 per cent.

In a press release on Tuesday, the US Central Command said: “US Central Command (CENTCOM) forces completed self-defence strikes against Iran, June 9, at the Commander in Chief’s direction in response to yesterday’s downing of a US Army Apache helicopter. CENTCOM forces struck Iranian air defence, ground control stations, and surveillance radar sites near the Strait of Hormuz with precision munitions from US Air Force and Navy fighter jets. The operation was a proportional response to recent attacks on US forces and international commercial ships transiting regional waters. US forces remain vigilant and postured to defend against unjustified Iranian aggression.”

In a post on the social media platform Truth Social earlier in the day, US President Donald Trump said: “I have just been informed by our Great Military that last night the Iranians shot down one of our highly sophisticated Apache Helicopters while patrolling over the Strait of Hormuz. There were two pilots involved, both are safe and uninjured. Nevertheless, the United States must, of necessity, respond to this attack.”

In a post on X, Abbas Araghchi, Foreign Minister of Iran, said: “Despite its defeats on the battlefield, the US opted to test our determination. Our Powerful Armed Forces will leave no attack or threat unanswered. Leave our region if you want to be safe. History of the Persian Gulf has many chapters on dire fates of intruding outsiders.”

June aluminium futures were trading at ₹372 on MCX during the initial hour of trading on Wednesday against the previous close of ₹377.40, down by 1.43 per cent.

On the National Commodities and Derivatives Exchange (NCDEX), June guargum contracts were trading at ₹11280 in the initial hour of trading on Wednesday against the previous close of ₹11227, up by 0.47 per cent.

June dhaniya futures were trading at ₹12654 on NCDEX in the initial hour of trading on Wednesday against the previous close of ₹12710, down by 0.44 per cent.

Published on June 10, 2026