CMR Green, Hexagon Nutrition to Launch IPOs Next Week, Raising Rs 770 Crore

Primary Market to See Two IPO Launches Next Week

The Indian primary market is set to witness some activity next week, with two companies, CMR Green Technologies and Hexagon Nutrition, scheduled to launch their initial public offerings (IPOs) collectively valued at nearly Rs 770 crore.

The upcoming IPOs come at a time when the primary market has been experiencing subdued activity due to persistent market volatility and global uncertainties. Despite several companies receiving regulatory clearances in recent weeks, many have deferred their listing plans due to uncertain market conditions.

So far in 2026, around 20 companies, including Fractal Analytics, Shadowfax Technologies, and Bharat Coking Coal, have tapped the capital markets through main-board initial public offerings. The latest IPOs are expected to attract investors looking to diversify their portfolios.

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CMR Green Technologies IPO Details

CMR Green Technologies, a non-ferrous metal recycler, will open its IPO for public subscription during June 3-5, while the anchor investor portion will open on June 2. The company has fixed a price band of Rs 182-192 per equity share for its Rs 630.62-crore IPO. According to market experts, the grey market premium (GMP) of CMR Green's IPO remained firm ahead of the issue opening, quoted at Rs 25-30 per share over the past two sessions.

The proposed IPO is entirely an Offer for Sale (OFS) of up to 3.28 crore equity shares by promoters and an investor selling shareholder. CMR Green operates 13 recycling facilities across India and has built a procurement network spanning domestic markets as well as Asia, Africa, West Asia, Europe, and the Americas. Its customer base primarily comprises automotive original equipment manufacturers (OEMs) and Tier-I suppliers, including Honda Cars India, Bajaj Auto, Hero MotoCorp, Royal Enfield Motors, Endurance Technologies, Rockman Industries, and Craftsman Automation.

Hexagon Nutrition IPO Details

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Hexagon Nutrition will open its IPO for subscription on June 5 and conclude on June 9. The anchor investor bidding is scheduled for June 4. The company has set a price band of Rs 42-45 per equity share for its Rs 139-crore public issue. The proposed IPO comprises an OFS of more than 3.08 crore equity shares by promoters.

Shares of CMR Green Technologies are expected to be listed on the stock exchanges on June 10, while Hexagon Nutrition is likely to make its market debut on June 12.