CMR Green Technologies is set to list its shares on Wednesday at a robust premium, with grey market indicators suggesting a 35% gain. The company's IPO, which raised ₹631 crore, was heavily subscribed, attracting a 127 times oversubscription on the final bidding day. As a leader in the non-ferrous metal recycling sector, particularly in recycled aluminium, CMR Green has a significant market presence and established relationships with major automotive OEMs. Analysts view the IPO's pricing at an annualized FY26 P/E of 19.7x as reasonable given its growth potential, despite the absence of fresh capital infusion and a reported loss in FY24. Experts recommend that while long-term investors may hold onto the stock, short-term investors should consider booking profits if the stock lists at a strong premium. The Indian recycled aluminium market is expected to grow significantly in the coming years, presenting further opportunities for CMR Green Technologies.