IPO Market Set to Revive with CMR Green, Hexagon Nutrition Launches
Next week, two companies, CMR Green Technologies and Hexagon Nutrition, are ready to launch IPOs valued at approximately Rs 770 crore. Both IPOs are offer-for-sale issues, attracting interest amid global uncertainties and volatile markets, aiming to enhance business visibility.
- Country:
- India
The primary market is poised for resurgence next week as CMR Green Technologies and Hexagon Nutrition announce their initial public offerings (IPOs), jointly estimated at nearly Rs 770 crore. These offerings align with a broader trend of companies pursuing market listings despite recent market volatility.
Both CMR Green, a Faridabad-based metal recycler, and Mumbai-based Hexagon Nutrition, are launching the IPOs exclusively as offer-for-sale (OFS), meaning proceeds will benefit selling shareholders. The CMR Green IPO, priced between Rs 182-192 per share, targets Rs 630.62 crore, while Hexagon's, at Rs 42-45 per share, aims for Rs 139 crore.
The consumption of these issues arrives as numerous companies delay listings amid uncertain conditions. CMR Green, with a stronghold in aluminium alloy production, serves major automotive firms, while Hexagon has evolved from micronutrient formulations to global brand presence in nutritional products.
These companies plan to debut on Indian stock exchanges by mid-June, aiming to broaden market exposure and enhance shareholder liquidity while the global market environment remains challenging.
(With inputs from agencies.)
Google News