The Rs 631 crore initial public offering (IPO) of CMR Green Technologies was booked over 127 times at the end of the subscription process on Friday. The company received bids for over 292 crore shares as against 2.3 crore shares on offer.

Demand was led by Qualified Institutional Buyers (QIBs), whose category was subscribed to 270.46 times, while retail investors subscribed 27.03 times.

The issue is entirely an offer-for-sale (OFS), priced in the range of Rs 182-192 per share, with a lot size of 78 shares.

With strong subscription and a healthy grey market premium, investors are closely tracking the issue’s potential listing performance.

CMR Green Technologies IPO Subscription Status

The IPO saw robust participation, with overall subscription reaching 127.04 times.
Retail Individual Investors (RIIs) subscribed 27.03 times the 1.14 crore shares reserved for them.
The Non-Institutional Investor (NII) segment led demand, subscribing 172.35 times the 49.07 lakh shares allocated.
Qualified Institutional Buyers (QIBs) subscribed to their reserved portion of 65.42 lakh shares, a robust 270.46 times

CMR Green Technologies IPO GMP Today

As of June 5, 2026, the grey market premium (GMP) for the IPO hovered around 40%. At the upper price band of Rs 192 per share, this implies a likely listing price of about Rs 269.

The GMP reflects the unofficial trading premium of IPO shares before listing, offering a sense of market sentiment and expected listing gains, though it is not a reliable indicator of actual listing performance.

About CMR Green Technologies

CMR Green Technologies is India’s largest non-ferrous metal recycling company by installed capacity and was the market leader in the domestic secondary aluminium segment in FY25, according to an ICRA report cited in its draft prospectus.

The company operates 13 manufacturing facilities across India, producing recycled aluminium alloys, billets, zinc alloy ingots and other value-added products. It is also a key player in the automotive cast alloy market, with an estimated 42%-45% share.

CMR Green is positioned to benefit from rising global demand for sustainable, low-carbon manufacturing. Recycled aluminium production generates significantly lower greenhouse gas emissions than primary aluminium and requires lower capital expenditure, the ICRA report noted.

In FY25, the company reported operating revenue of Rs 6,666 crore, up 12% year-on-year, while profit stood at Rs 155 crore, reversing a loss in FY24 driven largely by a one-time goodwill impairment.

Ahead of the IPO, the company raised Rs 188 crore from anchor investors, attracting a mix of domestic mutual funds, insurers and foreign institutional investors.

Brokerage Views

Analysts have offered mixed views on the issue.

Motilal Oswal highlighted CMR Green’s leadership in aluminium recycling, strong market share and exposure to long-term decarbonisation and sustainability themes. It also pointed to growth opportunities in segments such as extrusion and rolled alloys.

Swastika Investmart assigned a “Neutral” rating, noting that valuations of around 27x FY25 earnings appear reasonable versus peers, while acknowledging the company’s strong industry positioning.

However, it flagged risks including the pure OFS structure, customer concentration, dependence on a few key clients and relatively thin margins. It added that high-risk investors may consider the IPO primarily for listing gains.

The IPO comes amid sustained investor interest in manufacturing and sustainability-linked businesses, particularly those tied to recycling, resource efficiency and the circular economy.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

NEW YORK — Hall of Famer Charles Barkley sharply criticized ongoing media speculation about a potential split between Boston Celtics stars Jaylen Brown and Jason Tatum, questioning why players would not want to compete alongside other elite talent during an appearance on ESPN’s “Get Up.”

Speaking with host Mike Greenberg amid coverage of the 2026 NBA Finals between the New York Knicks and San Antonio Spurs, Barkley expressed frustration over reports that Brown had listed his Boston penthouse for sale, fueling trade rumors.

“These guys are so stupid at times,” Barkley said. “I never understand why guys don’t want to play with other great players. This notion you have to have a A or B. … What the hell do you want? You want to win?”

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Barkley, drawing from his own career experiences playing alongside stars like Kevin Johnson and Dan Majerle in Phoenix, emphasized the value of team success over individual accolades. He argued that Brown and Tatum should embrace the opportunity to chase multiple championships together rather than seek separate paths.

The comments come as the Celtics, fresh off recent playoff runs, navigate questions about their future roster construction. Brown and Tatum have formed one of the league’s most productive duos, leading Boston to multiple Eastern Conference Finals, NBA Finals appearances and a championship. Yet persistent narratives about potential friction or front-office decisions continue to swirl.

Barkley Weighs In on Giannis Antetokounmpo Trade Possibilities

Barkley also addressed the looming situation surrounding Milwaukee Bucks superstar Giannis Antetokounmpo, whose future has become a major offseason storyline. The two-time MVP and Bucks owner have signaled a desire for resolution around the draft.

“If I’m the Bucks and I can get Jaylen Brown for Giannis, that’s probably the best you’re going to do,” Barkley suggested, while cautioning against trading the Greek Freak within the conference.

The remarks highlight the high stakes for Milwaukee as it evaluates how to build around or potentially move its franchise cornerstone. Any deal involving Antetokounmpo would reshape the Eastern Conference landscape dramatically.

LeBron James Future Dominates Discussion

Turning to LeBron James, Barkley offered a clear recommendation for the 41-year-old legend as he enters the twilight of his career. With the Lakers facing challenges in the competitive Western Conference alongside Luka Doncic, Barkley believes Cleveland represents James’ best option.

“LeBron only has one play in my opinion and that’s to go back to Cleveland,” Barkley said. “That’s his only smart logical choice. Go back and finish his career with the Cavs. It’s a perfect fit.”

Barkley argued that staying in Los Angeles would not yield contention, especially against powerhouses like the Spurs and Oklahoma City Thunder, while a return to his hometown team could position the Cavs as Eastern Conference favorites. He dismissed other destinations as attempts to chase records in a way that might not align with legacy goals.

James continues to perform at an elite level, but questions about his next chapter have intensified as the Lakers look toward the future. A move back to Cleveland would carry significant narrative weight, closing a storied career arc.

Context Within 2026 NBA Landscape

The conversation unfolded against the backdrop of the ongoing NBA Finals, where the Knicks lead the Spurs 1-0. Barkley’s appearance underscored ESPN’s comprehensive coverage of league storylines extending beyond the championship series.

The Celtics’ situation remains a focal point for analysts, with many viewing the Brown-Tatum pairing as a rare asset that should be preserved. Media speculation, however, often amplifies minor developments into major trade rumors, a dynamic Barkley has long criticized.

Antetokounmpo’s potential availability and James’ future decisions are expected to dominate the 2026 offseason, with implications for free agency, the draft and trade markets across the league. Teams are already positioning themselves for what could be one of the most active periods in recent years.

Barkley’s Legacy as NBA Commentator

Barkley, a longtime TNT analyst now contributing across platforms, brings a no-nonsense perspective shaped by his Hall of Fame playing career. His willingness to challenge conventional narratives and player decisions has made him a polarizing yet influential voice in basketball discourse.

Fans and commentators reacted to the clip with a mix of agreement and debate, particularly around his views on superteam dynamics and loyalty. Some praised his emphasis on winning, while others noted perceived inconsistencies with past comments on player movement.

The segment highlighted broader themes in modern NBA culture, including player empowerment, media influence and the balance between individual ambition and collective success. As stars like Brown, Tatum, Antetokounmpo and James navigate their careers, such discussions will continue shaping public perception.

Looking Ahead for Key Storylines

For the Celtics, maintaining the Brown-Tatum core could provide stability as they aim for sustained contention. Any significant changes would require careful management to avoid disrupting chemistry built over several seasons.

Milwaukee faces a critical juncture with Antetokounmpo. Retaining him or securing high-value assets in a trade will define the franchise’s trajectory for the next decade.

James’ decision carries emotional and competitive weight. A Cleveland homecoming would captivate fans, while other paths might extend his championship pursuit in new environments.

As the 2026 Finals progress and the offseason approaches, these storylines promise to generate extensive coverage and fan engagement. Barkley’s candid takes add color to the analysis, reminding observers of the human elements behind the headlines.

The NBA landscape remains dynamic, with talent movement, front-office strategy and on-court performance intersecting in complex ways. Whether players prioritize winning alongside stars or seek new challenges will continue influencing roster construction league-wide.

For now, Barkley’s message is clear: winning should take precedence, and opportunities to play with great teammates are worth embracing. His commentary resonates as teams prepare for pivotal decisions that could reshape the league for years to come.

LONDON — British actor Anthony Head, beloved worldwide for his roles as the scholarly Rupert Giles in “Buffy the Vampire Slayer” and the eccentric Rupert Mannion in “Ted Lasso,” has died at the age of 72.

Head passed away peacefully from complications due to pneumonia, surrounded by family, his daughters Emily and Daisy announced Friday. The news drew tributes from fans and colleagues across the entertainment industry, mourning the loss of a versatile performer whose career spanned television, film, theater and advertising.

“It is with heavy hearts that we announce the death of our extraordinary father, Anthony Head,” his daughters said in a statement. “He passed away peacefully of complications due to pneumonia, surrounded by his family.”

The family added, “It has been, and forever will be, an honour and a privilege to be his daughters, and to have witnessed firsthand the impact both he and his work have had on so many.” They noted that Head “loved his job very much” and “always considered himself incredibly lucky.”

International Fame Through Iconic Roles

Head found global recognition in the late 1990s as Rupert Giles, the intelligent and slightly awkward Watcher mentoring Sarah Michelle Gellar’s Buffy Summers in the cult supernatural series. His portrayal brought warmth, humor and depth to the character across seven seasons, making Giles a fan favorite and contributing to the show’s enduring legacy.

Decades later, Head brought similar charm to Apple TV+’s “Ted Lasso,” playing the gruff yet complex former club owner Rupert Mannion opposite Jason Sudeikis. The role introduced him to a new generation of viewers and earned praise for its nuanced performance in the acclaimed comedy series.

In between, Head starred as King Uther Pendragon in the BBC fantasy drama “Merlin” and appeared in the hit sketch show “Little Britain.” His extensive credits also included “Doctor Who,” “The Iron Lady,” “The Inbetweeners,” “Bridgerton” and “Manchild.”

Early Career and British Breakthrough

Born Anthony Stewart Head on February 20, 1954, in London, he trained at the London Academy of Music and Dramatic Art. He first gained widespread fame in the United Kingdom through a series of Nescafé Gold Blend coffee advertisements in the late 1980s and early 1990s. The romantic storyline featuring Head and Sharon Maughan became a cultural phenomenon, boosting his profile significantly.

Head maintained a strong presence in British television and theater throughout his career. He appeared in long-running series such as “Motherland” and “Silent Witness,” and joined the cast of BBC Radio 4’s “The Archers” in 2018. On stage, he performed in multiple productions of “The Rocky Horror Show,” “Godspell” and “Chess.”

Family and Personal Life

Head’s daughters Emily and Daisy, both accomplished actors, followed in their father’s footsteps. Emily is best known for her role as Carli D’Amato in “The Inbetweeners,” while Daisy has appeared in “Harlots” and “Shadow and Bone.” His brother Murray Head is also an actor.

In December 2025, Head lost his longtime partner Sarah Fisher, an animal welfare campaigner, at the age of 61. The couple had been together for decades and shared a deep commitment to family and causes close to their hearts.

His daughters highlighted the privilege of watching their father pursue his passion. “His legacy will live on,” they said, expressing gratitude for the time they had with him.

Tributes and Legacy

News of Head’s death prompted an outpouring of remembrances from castmates, fans and industry figures. Colleagues remembered him as a kind, professional and talented performer who brought intelligence and humanity to every role.

Head’s work in “Buffy the Vampire Slayer” particularly resonated with audiences, helping define a generation of television storytelling that blended horror, drama and wit. The show’s influence extended far beyond its original run, inspiring academic study and continued fan engagement.

In “Ted Lasso,” his portrayal added layers of complexity to the series’ exploration of leadership, rivalry and redemption. Fans praised his ability to shift seamlessly between comedic timing and dramatic depth.

Throughout his career, Head balanced commercial success with artistic pursuits. His early advertising fame provided a platform, but it was his substantive television and stage work that cemented his reputation as a reliable and engaging actor.

Industry Impact and Career Span

Head’s six-decade career reflected the evolving entertainment landscape, from classic British television to global streaming hits. He navigated shifts in the industry while maintaining a consistent presence, adapting to new formats without losing the distinctive charm that defined his performances.

His stage work demonstrated a love for musical theater, where his singing voice and stage presence shone. Appearances in high-profile projects like “Bridgerton” in 2022 showed his enduring appeal to contemporary audiences.

As tributes continue to flow, the entertainment community reflects on Head’s contributions to storytelling that entertained and connected with millions. His roles often embodied mentorship, authority tempered with vulnerability, and quiet strength — qualities that mirrored his real-life persona according to those who knew him.

A Lasting Influence

Anthony Head’s passing comes as a significant loss for fans who grew up with “Buffy” and discovered him anew through “Ted Lasso.” His daughters’ words capture the personal impact: a father whose work touched countless lives while he cherished the opportunity to do what he loved.

In an era of rapid content consumption, Head’s body of work stands as a testament to the power of consistent, character-driven performances. From the libraries of Sunnydale to the pitch-side drama of Richmond, his characters left indelible marks on popular culture.

As the family mourns privately, the public celebrates a career defined by versatility, professionalism and genuine connection with audiences. Head’s legacy will continue through reruns, streaming platforms and the fond memories of those who found comfort, laughter and inspiration in his portrayals.

He is survived by his daughters Emily and Daisy, and other family members. Details of memorial services have not yet been announced.

Mayor Luke Campbell has set out Hull and East Yorkshire Combined Authority’s Local Growth Plan — a 10-year framework built around four ‘Big Plays’ targeting investment in Humber Freeport, Hull’s Western Docklands, and regional transport improvements.

Hull and East Yorkshire Mayor Luke Campbell has spoken about the Hull and East Yorkshire Combined Authority’s long-term vision to establish the region as a compelling destination for investment. The recently published Local Growth Plan sets out a 10-year blueprint to drive economic expansion across the area.

The plan, which has received Government approval, is structured around four core pillars, known as the ‘Big Plays’, which aim to harness and build upon the region’s existing strengths.

The plan seeks to pinpoint the region’s most significant investment opportunities. These are said to encompass the Humber Freeport sites in Hull and Goole, the ambitious regeneration of Hull’s Western Docklands, and the longer-term development prospects of Bridlington Bay.

The Growth Plan identifies sites across the region with strong potential for future housing development, spanning both Hull and the East Riding. These include land to the south of Thorpe Hall in Howden, which the document suggests has capacity for more than 1,800 homes, reports Hull Live.

The Growth Plan also incorporates the ‘Big Play Delivery Plans’, which outline how each of the Big Plays will be put into action. For instance, under the ‘backing local business’ Big Play, HEYCA will “identify and support industries and firms that have significant potential to drive growth in future and those that can directly connect to supply chains of growth driving sectors to support them to meet their full potential”.

“Yes it’s ambitious, but it should be,” the mayor said. He added: “We can get there, we can do it. Everything in the Growth Plan is possible. That’s the exciting thing. There’s nothing in there that’s unrealistic.”

In regions with more established Combined Authorities, enhanced public transport networks are frequently highlighted as among the most significant accomplishments, such as the Bee Network in Greater Manchester, where Andy Burnham serves as mayor. Mr Campbell has previously expressed admiration for the Bee Network and outlined that strengthening connectivity between communities across the region remains a key priority for his team.

The mayor said: “We’re in the process of setting up consultations and me going round the region, talking to people on the doorsteps, talking to local Parish Councils and residents on what their needs are for transport and what’s missing. All that residents are after is a reliable, affordable way for them to get from A to B as smooth as possible.

“We do a lot of services to York from Market Weighton and Beverley, they’re always busy. But I want to drive our economy towards Hull. I want people in the region to spend in the region. I don’t want to drive people out of the region to go spend in York, Sheffield, Leeds, or Manchester.”

The acquisition of Livingstone House paves the way for an expansion in the city

The owner of Leeds City College has acquired Livingstone House at Leeds Dock to create a new campus.

Luminate Education Group was advised by JLL in the transaction which is part of a plan to create a 71,000 sqft campus for the college. It will receive £8m Government funding to expand its education services in the city, creating up to 1,500 additional student places.

The landmark building was previously home to Yorkshire Water until 2023. It will now be transformed to accommodate 300 health and social care students in the first phase of development.

Luminate has secured a change of use application and with JLL’s support secured approval in December 2025 for the building to operate as an education facility. The acquisition was conditional on restructuring the existing 127-year leasehold interest from Yorkshire Water, which required detailed negotiations with superior landlord Allied London.

Lee Conroy, regional lead – lease advisory at JLL, added: “Restructuring the ground lease was fundamental to unlocking this opportunity for Luminate. The existing lease structure simply didn’t work for educational use, and we wanted to ensure Luminate were duly compensated if the superior landlord sold their interest in the future.

“Despite the added complication of Allied London’s administration during the final stages of the project, we successfully secured the changes needed. The agreement triggers the release of central government funding, allowing the building to be reimagined for educational use. The new campus will open to students in September 2026.”

Joanna Gabrilatsou, regional head of planning at JLL, said: “The application provided the opportunity to bring a vacant office building back into use within the Leeds Dock area. The new site is a response to the growing demand for further education accommodation for Leeds City College’s staff and students.

“Located between the college’s Printworks and Quarry Hill campuses, it will deliver an accessible location, increase in footfall, and contributing to the revitalisation of the area.”

Bill Jones, chief executive of Luminate Education Group, said: “This investment is extremely welcome, representing a positive step toward ensuring sufficient supply of post-16 opportunities for young people in Leeds and the wider region in the years ahead. Further education colleges have been sounding the alarm over increasing numbers of 16-to-18-year-olds for some time now, with Leeds City College operating at maximum capacity for the last few years.

“Given some of our longest waiting lists have been for health and care courses, this new facility will allow us to provide more young people the opportunity to train into vital roles across our health and care system.”

Around 16 equity mutual funds have multiplied investors’ lumpsum investments by over 2.3 times in the last five years, an analysis by ETMutualFunds showed. There were 209 funds in the said time period.

Motilal Oswal Midcap Fund was the top performer and multiplied the lumpsum investment by 2.58 times in the last five years. A lumpsum investment of Rs 1 lakh made in this fund would have been Rs 2.58 lakh now with a CAGR of 20.90%.

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Bandhan Small Cap Fund multiplied the same investment by 2.52 times in the last five years, followed by two funds from Nippon India Mutual Fund. Nippon India Growth Mid Cap Fund and Nippon India Small Cap Fund multiplied the investments by 2.50 times each.

Quant Small Cap Fund multiplied the lumpsum investment by 2.49 times in the last five years, followed by HDFC Mid Cap Fund which multiplied the investments by 2.44 times. Invesco India Smallcap Fund and Motilal Oswal Large & Midcap Fund multiplied Rs 1 lakh lumpsum investment by 2.43 times each.

Invesco India Midcap Fund, Bank of India Small Cap Fund and Edelweiss Mid Cap Fund multiplied the same lumpsum investment by 2.42 times, 2.41 times and 2.40 times respectively.
Nippon India Multi Cap Fund multiplied this lumpsum investment by 2.38 times in the last five years, followed by four mid cap funds.HSBC Midcap Fund, ICICI Pru Midcap Fund, Mahindra Manulife Mid Cap Fund and Sundaram Mid Cap Fund multiplied the wealth by 2.37 times, 2.34 times, 2.33 times and 2.30 times respectively.

Others in the list

HSBC Small Cap Fund multiplied the lumpsum investment by 2.29 times in the last five years. HDFC Flexi Cap Fund multiplied the investment by 2.17 times in the same time period.

SBI Contra Fund, the oldest and largest contra fund, multiplied the investment by 2.15 times. SBI ELSS Tax Saver Fund, the oldest ELSS fund, multiplied the investment by 2.12 times. HDFC Small Cap Fund multiplied the same investment by 2.12 times.

Parag Parikh Flexi Cap Fund, the largest active and flexi cap fund based on assets managed, multiplied the same lumpsum investment by 1.97 times and gave a CAGR of 14.52% in the last five years.

Two funds from Kotak Mutual Fund – Kotak ELSS Tax Saver Fund and Kotak Flexicap Fund multiplied the investment by 1.73 times each. Axis Focused Fund was the last one in the list and multiplied the investment by 1.24 times in the last five years.

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Note, the above exercise is not a recommendation. The exercise was done to find which equity mutual funds multiplied the investments by 2.3 times in the last five years. One should not make investment or redemption decisions based on the above exercise.

One should always consider their risk appetite, investment horizon and financial goals before considering any fund for investment.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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