Century Metal Recycling Limited IPO
Century Metal Recycling Limited (CMR), is India’s largest producer of Aluminium and Zinc die-casting alloys with a combined annual capacity of over 218,000 MT. Since its inception, it has maintained its fast-paced growth by leveraging the latest technology and continuous improvement.
CMR commenced its business in 2006, when it put up a state-of-the-art technology plant at Tatarpur, near New Delhi. The plant was imported from Europe and was the first and only aluminium recycling plant in India to deploy sophisticated technologies such as twin-shaft shredder, eddy current separator, high-capacity melting furnaces with a metal circulation pump, de-coater, etc. CMR Group is presently operating through seven manufacturing plants including two Joint Ventures with renowned Japanese companies, Toyota Tsusho Corporation and Nikkei MC Aluminium.
Some of our firsts in India that laid the foundation of our leadership position in the industry are:
1. Large-scale Aluminium recycling in a largely unorganized industry
2. Fully-automated alloying plant sourced from Europe
3. Mechanized sorting facility with eddy current separators, shredders, spectrometers and gravimetric separation units
4. Supply of molten metal to customers from side-by-side plants and also over-the-road
5. The only recycling company in India to have ISO 9001, ISO 14001, TS16949 and OHSAS 18001 certifications
Century Metal Recycling Limited has, from Fiscal 2013 to 2018, growing at an effective CAGR of 13% on the basis of sales volume, compared to an aggregate recycled aluminium growth of approximately 10% CAGR, and currently occupies an estimated market share of approximately 40 – 45% in north India and approximately 15 – 20% in south India, resulting in an overall market share of approximately 21% in the automotive segment of recycled aluminium industry in India (Source: CRISIL Report). Since Fiscal 2013 until Fiscal 2018, our annual installed capacity has grown by approximately 70%, from 128,000 MT to 218,000 MT, making us the fastest-growing producer of aluminium alloys in India. We are a customer-centric company, constantly striving to create value for our customers through products offered and committed deliveries. Over the years, we have endeavoured to set industry standards in relation to the technology employed and the quality of products supplied to our customers such as the supply of liquid aluminium
Objects of the Century Metal Recycling Limited IPO:
Century Metal Recycling Limited IPOare: The Offer for Sale The Selling Shareholders will be entitled to the proceeds of the Offer for Sale of their respective portion of the Equity Shares after deducting their portion of the Offer related expenses and relevant taxes thereon. Our Company will not receive any proceeds from the Offer for Sale. All expenses in relation to the Offer other than the listing fees (which shall be borne by our Company) shall be shared among our Company and the Selling Shareholders in accordance with applicable laws. Each Selling Shareholder shall reimburse our Company for all expenses incurred in relation to the Offer for Sale on behalf of such Selling Shareholder. Fresh Issue Our Company intends to utilize the Net Proceeds from the Fresh Issue towards the following objects: 1. Prepayment or repayment of all or a portion of certain borrowings availed by our Company; and 2. General corporate purposes.
Century Metal Recycling Limited IPO Details:
|Face Value:||₹ 10 Per Equity Share|