June 3 (Reuters) - CMR Green Technologies' 6.3 billion rupees ($65.79 million) initial public offering - the first Indian public issue in about a month - was fully subscribed on the first day of bidding on Wednesday.

** The aluminium and zinc die-casting alloy producer's IPO is the first in India since Onemi Technology Solutions' public issue in early May

** Non-institutional investors (NIIs) and retail buyers led the bids. While NIIs bid for 9.8 million shares against 4.9 million on offer, retail category was fully subscribed with 13.3 million bids received, as of 12:51 p.m. IST.

** Qualified institutional buyers, who usually come in on the last day of offer, bid for 1% of the shares allotted to them

** The Iran war and lack of AI plays has pushed India to the rank of fifth-largest IPO market by funds raised in 2026, compared to second in 2025, per LSEG data

** CMR Green Technologies IPO to close on June 5, likely listing on June 10

** "Company has capacity advantage over domestic players... with a market share of 10-12% in the domestic recycled aluminium industry," analysts at Anand Rathi said.

** Two other brokerages flag thin margins and customer concentration risks

($1 = 95.7575 Indian rupees)

(Reporting by Vivek Kumar M; Editing by Ronojoy Mazumdar)