CMR Green, Hexagon Nutrition IPOs Open This Week With Strong GMP Signals

India’s primary market is seeing renewed activity this week with two mainboard IPOs launching. CMR Green Technologies opens June 3 with a ₹631 crore offer, while Hexagon Nutrition launches June 5 with a ₹138.87 crore issue. Grey market premiums are signalling strong investor appetite for both offerings after a slowdown in recent weeks.

CMR Green Technologies IPO Signals Strong Debut

CMR Green Technologies, a non-ferrous metal recycler, has set a price band of ₹182 to ₹192 per share for its ₹630.88 crore IPO. The issue opens June 3 and closes June 5, with anchor bidding starting June 2. The company processes and produces aluminium and zinc alloys, along with furnace-ready scrap of various metals.

Grey market premium for CMR Green stands at ₹52.5 as of June 2. This suggests an estimated listing price of ₹244.5 per share, implying a 27.34% gain above the upper price band of ₹192. Based on grey-market activity over six sessions, the GMP has ranged between ₹24 and ₹52.50, indicating upward momentum.

Hexagon Nutrition Nutrition Company Opens June 5

Hexagon Nutrition, a research-focused nutrition company established in 1993, will open its ₹138.87 crore IPO on June 5 and close on June 9. The company operates through three segments: branded wellness products like Pentasure and Pediagold, B2B2C vitamin premixes for FMCG companies, and therapeutic nutrition programmes. The price band is set at ₹42 to ₹45 per share with a lot size of 333 shares.

Retail investors need a minimum investment of ₹14,985 at the upper price band. Hexagon Nutrition operates four manufacturing facilities across India and Uzbekistan, with distribution through 358+ retailers and online platforms. Allotment is expected June 10, with listing on BSE and NSE on June 12.

Primary Market Rebounds After Weeks of Slowdown

India’s IPO market had slowed in recent weeks due to geopolitical tensions, volatile crude oil prices, and foreign fund outflows. This week marks a return of investor interest with two mainboard issues and three SME IPOs opening for subscription. Grey market premiums indicate strong sentiment for both mainboard offerings, suggesting investor confidence is returning to the primary market.

Investment Details and Timeline

CMR Green’s IPO is entirely an offer for sale (OFS) of 3.29 crore shares, meaning the company receives no proceeds. Retail investors can apply for a minimum of 78 shares (₹14,976 at upper price). Allotment is expected June 8, with listing June 10. Hexagon Nutrition’s ₹138.87 crore issue is also 100% OFS of 3.09 crore shares, so proceeds go entirely to selling shareholders. Both IPOs use book-building methods and list on NSE and BSE.

Final Thoughts

CMR Green’s 27% GMP premium and Hexagon Nutrition’s strong investor interest signal renewed confidence in India’s primary market. Retail investors should review the financial details and risk factors before applying, as grey market premiums do not guarantee listing gains.

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The content shared by Meyka AI PTY LTD is solely for research and informational purposes.  Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.