IPO

The IPO market is showing signs of revival, highlighted by strong demand for CMR Green Technologies and Hexagon Nutrition offerings. Investors are eager for quality listings as two new mainboard IPOs and five SME listings are expected in the coming week.

A rangebound trading period shortly after a stock’s debut can allow volatility to cool and offer investors a safer way to buy in.

CMR Green Technologies IPO allotment is set for 8 June. Investors can check their status via Kfin Technologies. The IPO was oversubscribed 127.04 times. Refunds for unallocated shares start on 9 June, and shares will be credited to demat accounts on the same day, ahead of the listing on 10 June.

CMR Green Technologies IPO, open from June 3-5, saw a subscription rate of 127.07 times. Share allotment will be finalized on June 8, with a market debut on June 10 at ₹192 per share, reflecting a strong grey market premium of ₹71.

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Hexagon Nutrition IPO saw strong demand on Day 1, with bids for 3.56 crore shares against 2.16 crore shares offered. NII segment subscribed 2.03 times, retail portion 2.43 times. Company raised ₹41.66 crore from anchor investors. IPO price band set at ₹42-45 per share.

CMR Green Technologies IPO oversubscribed 100 times, attracting strong investor demand across all categories. The IPO, valued at ₹630.88 crore, is entirely an offer for sale with no fresh issue component.

The proposed IPO comprises a fresh issue of equity shares aggregating up to ₹500 crore and an offer for sale (OFS) of shares worth up to ₹1,300 crore by the selling shareholder, taking the total issue size to up to ₹1,800 crore.

CMR Green Technologies IPO price band is set at ₹182 to ₹192 per share, and the IPO lot size is 78 shares. At the upper end of the price band, the company aims to raise ₹630.88 crore from the book-building issue, which is entirely an offer for sale of 3.29 crore equity shares.

Aureate Tradde shares had a flat market debut on June 5, listing at ₹70 on the BSE SME platform, matching the IPO issue price and delivering no listing gains to investors.