CMR Green Technologies IPO booked nearly 9.57x so far, here's what latest GMP suggests

The initial public offering (IPO) of CMR Green Technologies, a non-ferrous metal recycler, has received a strong response from investors on the second day of bidding, with the issue subscribed 9.57 times so far. According to data available on the National Stock Exchange (NSE), the Rs 630.62-crore IPO received bids for 22,05,84,078 shares against 2,30,43,930 shares on offer, translating into 9.57 times subscription. The category for non-institutional investors fetched 21.76 times subscription, while the quota for retail individual investors (RIIs) subscribed 7.88 times. The portion for qualified institutional buyers (QIBs) attracted 3.45 per cent bidding.