Shares of Cummins India Ltd. were trading lower on Monday, June 1, despite several brokerages…

IPO This Week: Merritronix Rs. 70 Crore IPO Opens June 1, CMR Green Rs. 631 Crore Issue Follows
1. What is the minimum investment needed for Merritronix IPO?
The minimum investment required for the Merritronix IPO is Rs. 2,98,000. Retail investors must apply for at least one lot consisting of 2,000 shares. With a price band of Rs. 141 to Rs. 149 per share, Merritronix has the highest entry requirement among the three IPOs opening this week.
2. What is the price band of Hexagon Nutrition IPO?
The Hexagon Nutrition IPO price band has been fixed at Rs. 42 to Rs. 45 per share. Retail investors need to apply for a minimum lot of 333 shares, taking the investment amount to Rs. 14,985 at the upper price band. The IPO is scheduled to remain open for subscription until June 9, 2026.
3. What is the issue size of the CMR Green Technologies IPO?
The CMR Green Technologies IPO aims to raise around Rs. 631 crore, making it the largest public issue opening this week. The offer consists primarily of an offer-for-sale by existing shareholders. The issue size is significantly larger than both the Merritronix IPO and the Hexagon Nutrition IPO.
4. When will CMR Green Technologies shares be listed?
CMR Green Technologies shares are scheduled to be listed on both the BSE and NSE on June 10, 2026. The IPO will close on June 5, while the basis of allotment is expected to be finalized on June 8. Successful applicants should receive shares before the listing date.
5. How are Merritronix’s finances?
Merritronix reported strong growth before launching its IPO. The company’s revenue increased to Rs. 156.25 crore in FY26 from Rs. 114.04 crore in FY25, while net profit rose to Rs. 16.10 crore from Rs. 8.66 crore. The growth highlights improving business performance ahead of the public issue.

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