Primary market activity is gearing up for a fresh test as two corporate offerings prepare to enter the domestic capital market in the coming week. CMR Green Technologies and Hexagon Nutrition are together targeting approximately 770 crore rupees through their public issues. Notably, both offerings are structured entirely as an offer for sale, commonly referred to as an OFS. Under this structure, the issuing corporations will not receive any fresh capital infusion from the proceeds. Instead, the entire financial sum raised from the public will flow directly to the selling promoters liquidating their holdings.
These market debuts arrive at a sensitive juncture, characterised by subdued sentiment across domestic equities triggered by global uncertainties. Although regulatory authorities have granted approvals to multiple firms in recent weeks, prevailing volatility and tricky market conditions have prompted several prospective issuers to postpone their listing timetables. Against this hesitant backdrop, these two players are advancing with their public subscription plans.
Details and Pricing for CMR Green Technologies
Operating in the non-ferrous metal recycling sector, CMR Green Technologies will open its subscription window on June 3, with bidding scheduled to conclude on June 5. Anchor investors will be allocated bidding access slightly earlier, on June 2. The recycling firm has established an issue size of 630.62 crore rupees, backed by a defined price band ranging between 182 rupees and 192 rupees per equity share.
Activity surrounding the offering was also tracked in the unofficial grey market over the preceding two sessions, where the grey market premium ranged between 25 rupees and 30 rupees per share. Specifically, the premium stood at 30 rupees on May 29 before moderating to 25 rupees on May 30. This issue builds upon broader corporate momentum in 2026, during which roughly 20 companies, including Fractal Analytics, Shadowfax Technologies, and Bharat Coking Coal, tapped the mainboard route to access the capital markets.
Hexagon Nutrition Issue Timelines and Corporate Background
The second candidate stepping into the market is Hexagon Nutrition, which plans to unlock its 139 crore rupees public offering for retail and institutional bids on June 5, closing on June 9. The bidding window for anchor participants will open on June 4. To attract bids, the management set a price band spanning 42 rupees to 45 rupees per share.
Under the proposed structure, existing promoters are placing upwards of 3.08 crore shares on the block. Evaluated at the upper boundary of the defined band, the gross issue value equates to 138.87 crore rupees. Tracing its operational roots back to its founding in 1993, Hexagon Nutrition began its journey as a micro-nutrient formulations enterprise before progressively branching into the branded consumer nutritional products sector.
