The primary market is set to witness increased activity next week as two companies, CMR Green Technologies and Hexagon Nutrition, prepare to launch their initial public offerings (IPOs), collectively valued at nearly ₹770 crore.
Both offerings will be entirely classified as offer for sale (OFS), meaning that the companies will not receive any of the proceeds; rather, the funds will go directly to the selling shareholders. This comes at a time when the primary market has experienced subdued activity due to ongoing market volatility and global uncertainties. Although numerous companies have received regulatory approvals recently, many have postponed their listing plans amid the uncertain market environment.
As of 2026, approximately 20 companies, including Fractal Analytics, Shadowfax Technologies, and Bharat Coking Coal, have engaged with the capital markets via main-board initial public offerings.
CMR Green Technologies IPO
The IPO for CMR Green Technologies, which specializes in non-ferrous metal recycling, is slated to open for public subscription from June 3-5, with the anchor investor portion commencing on June 2. The company has established a price band of ₹182-192 per equity share for its ₹630.62-crore IPO.
Market experts report that the grey market premium (GMP) for CMR Green’s IPO has remained stable ahead of its opening. The GMP was recorded at ₹30 on May 29 and ₹25 on May 30, reflecting investor interest.
This IPO involves an offer for sale of up to 3.28 crore equity shares held by promoters and an investor selling shareholder. Based in Faridabad, CMR Green is engaged in processing and manufacturing aluminum alloys (both ingot and liquid), zinc alloys, and furnace-ready scrap from materials like stainless steel, copper, brass, lead, and magnesium. The company operates 13 recycling facilities across India and has developed a procurement network that spans several continents, including Asia, Africa, West Asia, Europe, and the Americas. Its clientele primarily consists of automotive original equipment manufacturers (OEMs) and Tier-I suppliers, with notable clients including Honda Cars India, Bajaj Auto, and Hero MotoCorp.
Hexagon Nutrition IPO
The Hexagon Nutrition IPO will open for subscription on June 5 and close on June 9, with anchor investor bidding expected on June 4. The price band for this ₹139-crore public issue has been set at ₹42-45 per equity share. This offering includes more than 3.08 crore equity shares being sold by promoters, with the issue size estimated at approximately ₹138.87 crore at the upper end of the price range.
Hexagon Nutrition aims to leverage the proposed listing to enhance visibility, strengthen brand recognition, and provide liquidity for existing shareholders. Founded in 1993, Hexagon Nutrition initially focused on micro-nutrient formulations and has since broadened its product range to include branded nutrition items. Its portfolio showcases brands such as Pentasure, Obesigo, and Pediagold, spanning health, wellness, and clinical nutrition segments. The company operates in 75 countries.
Shares of CMR Green Technologies are expected to be listed on stock exchanges on June 10, while Hexagon Nutrition is projected to debut on June 12.
Published on May 31, 2026
