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CMR Green shares make strong D-Street debut, list at 43% premium over IPO price

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CMR Green shares make strong D-Street debut, list at 43% premium over IPO price
In a solid stock market debut, shares of CMR Green Technologies listed at 43% premium over IPO price on Wednesday. The stock opened at Rs 275.40 on the BSE as compared to its issue price of Rs 192.

Meanwhile, the stock opened at Rs 268 on NSE, surging 40% from IPO price.

Robust IPO subscription

The IPO was subscribed 127.07 times overall, making it one of the most sought-after public issues of the year. Institutional investors drove the demand, with the qualified institutional buyer (QIB) portion subscribed 270.46 times. The non-institutional investor (NII) segment was booked 172.35 times, while the retail investor category attracted bids worth 27.08 times the shares reserved for it.

More than 33.7 lakh applications were received across categories, highlighting strong participation from both institutional and retail investors.

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Ahead of the IPO opening, the company had raised Rs 188.44 crore from anchor investors through the allocation of 98.14 lakh shares.

About the company

CMR Green Technologies, incorporated in 2006, is one of India’s leading non-ferrous metal recyclers and operates in the secondary aluminium market. The company manufactures recycled aluminium alloys, zinc alloy ingots, aluminium billets and other recycled metal products that are used across automotive and industrial applications.

Its customer base includes several leading automobile manufacturers and component makers such as Honda Cars India, Bajaj Auto, Hero MotoCorp, Royal Enfield, Endurance Technologies, Maruti Suzuki and Jindal Stainless.
The company is positioned to benefit from increasing demand for recycled metals as manufacturers globally focus on reducing carbon emissions and improving sustainability across supply chains. Aluminium recycling consumes significantly less energy than primary aluminium production, making recyclers increasingly important in the transition towards greener manufacturing.
Financially, the company has shown steady growth. For the nine months ended December 2025, CMR Green Technologies reported revenue of Rs 6,291 crore and profit after tax of Rs 162.39 crore. For FY25, it reported revenue of Rs 6,696.66 crore and net profit of Rs 155.04 crore.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

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Business

Where and When to Watch July’s Full Moon Rise at Peak Illumination for Skywatchers Nationwide

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Buck Moon 2026: Where and When to Watch July's Full

July’s full moon, known as the Buck Moon, reaches peak illumination Wednesday morning, offering skywatchers across the country a chance to catch one of the year’s most anticipated lunar events as it rises into the evening sky.

The Buck Moon occurs at 10:36 a.m. Eastern time on Wednesday, July 29, 2026. Because the moon will be below the horizon at that exact moment for most of North America, the best viewing opportunity comes later in the day. Skywatchers should plan to look toward the southeast after sunset to watch the moon rise into the evening sky.

When and Where to Look

The best evening to watch the Buck Moon rise is Wednesday, July 29, 2026, at the exact time of moonrise for a given location, with the best views across North America expected as the moon rises in the southeast during dusk. The full moon will rise this evening within about 20 minutes of sunset, meaning skywatchers in most locations should head outside shortly before the sun goes down to catch the moon as it climbs above the horizon.

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For those hoping to capture the most dramatic view, timing matters. Viewers can consult a moonrise and moonset calculator to determine precisely when the Buck Moon will become visible in their specific area, since exact rise times vary by location. To see the full moon at its best, skywatchers are encouraged to find an elevated location, an open field, or a coastline with a clear, unobstructed view of the horizon.

A Striking Optical Illusion

One of the most compelling reasons to catch the moon shortly after it rises is a well-known visual phenomenon. The best time to notice the July full moon illusion is shortly after moonrise, when the Buck Moon is still low above the horizon, at which point the lunar disk tends to appear larger and more dramatic than it does later in the night once it climbs higher into the sky.

Why It’s Called the Buck Moon

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The July full moon’s name traces back to a seasonal pattern in nature that has been observed for generations. The full moon in July is called the Buck Moon because the antlers of male deer are in full-growth mode at this time of year, with bucks shedding and regrowing their antlers annually, producing a larger and more impressive set as the years go by. The moon earned its name from northeastern Native American tribes who observed that deer antlers were in “full-growth mode” during this period of the summer.

Other cultures and traditions have applied different names to July’s full moon, many of which also draw on seasonal and natural themes. Alternative names include the Feather Moulting Moon among the Cree and the Salmon Moon among the Tlingit, marking when fish returned to the area and were ready to be harvested, along with plant-inspired names such as the Berry Moon, the Moon When the Chokecherries Are Ripe, and the Raspberry Moon.

Its Place in the 2026 Full Moon Calendar

The Buck Moon is the eighth of 13 full moons occurring in 2026, a result of the mismatch between the roughly 365-day solar year and the approximately 354-day lunar year, which occasionally produces calendar years containing 13 full moons instead of the usual 12. The moon will appear in the constellation Capricornus during this month’s full phase.

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What Comes Next in the Night Sky

This month’s full moon also sets the stage for a string of notable celestial events in the weeks ahead. The Buck Moon arrives just two weeks before a total solar eclipse on Aug. 12, one of the biggest sky events of the year, and roughly four weeks before a partial lunar eclipse. The next full moon after the Buck Moon will be the Sturgeon Moon on Friday, Aug. 28, 2026, which coincides with a deep partial lunar eclipse in which nearly 97% of the moon will pass into Earth’s dark shadow, making it appear dimmed and reddish-orange, though it will fall short of a full “blood moon” total eclipse.

A Night With Cultural and Spiritual Significance

Beyond its astronomical importance, this month’s full moon also holds meaning across several religious and cultural traditions observed around the world. The July full moon marks the celebration of Guru Purnima for followers of the Hindu and Buddhist faiths, a day when worshippers honor their teachers and spiritual guides through fasting, temple visits and acts of service and gratitude. July 29 also coincides with the holy day of Asalha Puja for the Theravada Buddhist community, commemorating the Buddha’s first sermon, delivered in Sarnath, India, where he taught the Four Noble Truths.

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Other Sights to Look For

While the moon’s brightness will make it harder to spot fainter deep-sky objects on the night of the full moon itself, skywatchers can still find other highlights nearby. Despite the glare of the Buck Moon washing out many fainter objects in the night sky, observers may still be able to spot the Summer Triangle asterism, along with an evening star shining low on the western horizon, which will set less than two hours after sunset.

Tips for the Best Viewing Experience

For those planning to watch the Buck Moon rise, weather conditions, viewing angle and timing will all play a role in the experience. Clear skies and an unobstructed eastern or southeastern horizon offer the best chance to catch the moon as it first emerges, when the optical illusion that makes it appear unusually large is at its most striking. As with most full moons, no special equipment is needed to enjoy the view, though binoculars or a telescope can enhance the experience for those hoping to pick out surface details once the moon has climbed higher into the sky later in the evening.

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Unilever raises 2026 sales outlook after strong Q2 volume growth

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Unilever raises 2026 sales outlook after strong Q2 volume growth

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Business

Bellevue secures FY26 guidance following record campaign

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Bellevue secures FY26 guidance following record campaign

Bellevue Gold boss Darren Stralow says the company’s consistent mine grades played a key role in the company achieving record annual production.

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Vysarn announces second major water acquisition

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Vysarn announces second major water acquisition

Perth-based Vysarn is raising $65.3 million to help fund the acquisition of local firm Welltech, just weeks after completing another acquisition in the water services industry.

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IGO Limited (IIDDY) Q4 2026 Earnings Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript