Mumbai/IBNS, June 5 -- The final day of bidding for the Rs. 631-crore initial public offering (IPO) of non-ferrous metal recycler CMR Green Technologies is underway on Friday, with investor interest remaining strong, media reports said.

The IPO was subscribed 9.59 times overall by the end of the second day of bidding on Thursday.

Strong anchor investor participation

Ahead of the IPO launch, the company raised Rs. 188.44 crore from anchor investors through the allocation of shares at the upper end of the price band.

The IPO comprises an offer for sale (OFS) of up to 3.28 crore equity shares by the promoters and an existing investor shareholder, according to a Mint report.

GMP sees sharp swings

The grey market premium (GMP) for the IP...