The first week of June 2026 will see the return of mainboard initial public offerings as CMR Green Technologies and Hexagon Nutrition will hit the primary market. According to latest reports, CMR Green Technologies IPO with a price band of ₹182 to ₹192 per share is open from June 3 to June 5, with the anchor investor portion opening on June 2 and allotment expected to be finalised on June 8, 2026 and shares listing on NSE and BSE on June 10, 2026. The initial share sale is exclusively an offer for sale (IPO) of 3.28 crore shares, aggregating to ₹630.62 crore, by promoters Gauri Shankar Agarwala HUF, Mohan Agarwal HUF and Mohan Agarwal, and investor Global Scrap Processors Ltd will also sell their stake. Equirus Capital is managing the offering for CMR Green Technologies, which operates in the metal recycling and circular economy segment, manufacturing recycled aluminium and zinc products for automotive and industrial applications. The grey market premium (GMP) of CMR Green's IPO has shown strong momentum, currently at ₹52.50 with an estimated listing price of ₹244.5 per share, representing a 27.34% premium above the IPO price of ₹192. Based on grey-market activity over the past six sessions, the minimum GMP recorded is ₹24.00 while the maximum is ₹52.50, indicating strong investor interest ahead of the issue opening.
The public issue of Hexagon Nutrition, a research-driven nutrition company, will be live from June 5 to June 9, with anchor investor bidding scheduled for June 4. As reported by latest data, the company has set a price band of ₹42 to ₹45 per share and plans to raise ₹138.87 crore through an offer for sale of 3.09 crore shares. Since the issue is entirely an OFS, the company will not receive any proceeds from the public offering, with the entire amount going to selling shareholders. Founded in 1993, Hexagon Nutrition started as a micro-nutrient formulations company and subsequently expanded into branded nutrition products. Its portfolio includes brands such as Pentasure, Obesigo and Pediagold in the health, wellness and clinical nutrition segments, with the company having a presence in 75 countries. The company has reported steady financial growth with profit after tax rising to ₹24.4 crore in FY25 from ₹12.2 crore in FY24 and ₹5.8 crore in FY23, while total income increased to ₹331 crore. At the upper end of the price band, Hexagon Nutrition is valued at around 15 times post-issue earnings. However, the grey market premium (GMP) of Hexagon Nutrition remains flat at ₹0, indicating shares are trading at the issue price of ₹45 with no premium or discount in the grey market.
Four SME issues will open for subscription next week, including Merritronix, Liotech Industries, Vahh Chemicals and Genxai Analytics. According to latest reports, Merritronix has an issue size of ₹70.03 crore with a price band of ₹141 to ₹149 per share and subscription dates of June 1 to 3. Liotech Industries is priced at a fixed issue price of ₹321 per share with an issue size of ₹36.02 crore and lot size of 400 shares. Vahh Chemicals has a fixed issue price of ₹60 per share with an issue size of ₹13.45 crore and subscription dates of June 4 to 8. Genxai Analytics plans to raise about ₹54.84 crore through its NSE SME IPO, priced at ₹110-116 per share and opening on June 5 and closing on June 9. Merritronix is a book-built issue comprising solely a fresh issuance of 0.47 crore equity shares, with GYR Capital Advisors as the book-running lead manager and Bigshare Services as the registrar. Vahh Chemicals is a fixed-price issue consisting entirely of a fresh issue of 0.22 crore equity shares, with Marwadi Chandarana Intermediaries Brokers as the book running lead manager and Kfin Technologies as the registrar.
The IPO market is set to revive with these two mainboard issues after a lull period, with the offerings together aiming to raise nearly ₹770 crore. According to The Hindu BusinessLine, the primary market will see some activity next week, with the upcoming offerings coming at a time when the primary market has witnessed subdued activity amid persistent market volatility and global uncertainties. The improving June calendar follows a lull that saw only two mainboard IPO launches in April and none in May, as geopolitical tensions, volatile markets and valuation concerns prompted several issuers to defer listing plans. Pranav Haldea, Managing Director at Prime Database Group, noted that "We could see a selective pickup in June, but issuers are likely to remain valuation-sensitive. Companies with strong fundamentals and reasonable pricing may proceed, while others could wait for more stable market conditions." Narinder Wadhwa, Managing Director and Chief Executive Officer, SKI Capital Services added that "Many companies are not cancelling plans but waiting for favourable issuance windows amid geopolitical uncertainty and valuation concerns." According to Prime Database, 161 companies with valid SEBI approvals and an estimated issue size of about ₹2.42 lakh crore are awaiting launch, while another 74 companies seeking to raise around ₹1.53 lakh crore are awaiting regulatory clearance. Some of the larger approved issues include Credila Financial Services and Dorf-Ketal Chemicals India IPO worth ₹5,000 crore each, followed by Continuum Green Energy's ₹3,650 crore issue, Hero FinCorp's ₹3,600 crore, and Veritas Finance's ₹2,800 crore offer.
Six companies are scheduled for listing next week, including MR Maniveni, Yaashvi Jewellers, Harikanta Overseas, Rajnandini Fashion India, SMR Jewels and Aureate Tradde. As reported by latest data, MR Maniveni Foods shares will list on BSE SME on June 1, while Yaashvi Jewellers will list on BSE SME on June 2. Harikanta Overseas and Rajnandini Fashion India will list on June 3 on BSE SME, and SMR Jewels will list on June 1 on BSE SME. Aureate Tradde will list on June 5 on BSE SME. The listing dates for SME issues include Merritronix on June 8 on BSE SME, Liotech Industries on June 8 on BSE SME, Vahh Chemicals on June 11 on BSE SME, and Genxai Analytics on June 12 on NSE SME. CMR Green Technologies shares are expected to be listed on June 10 on NSE and BSE, while Hexagon Nutrition is likely to make its market debut on June 12.
