📋 Best IPO to Apply This Week — 4 June 2026
Six IPOs are open or opening for subscription this week — spanning mainboard and SME platforms across sectors from aluminium recycling and defence electronics to analytics software and textile chemicals. This week's IPO window features a rare combination of a large mainboard offering and several SME IPOs — giving investors across risk profiles something to evaluate. Here is our complete analysis of every IPO open this week with GMP data, financial highlights, and our recommendation on each. Track all open IPOs in real time on IPOView.
📊 This Week's Open IPOs at a Glance
🔹 CMR Green Technologies Ltd — NSE & BSE Mainboard | Opens 3 Jun | Price ₹182–₹192 | GMP ₹24 (+12.5%)
🔹 Merritronix Ltd — BSE SME | Opens 1 Jun | Price ₹141–₹149 | GMP ₹64 (+42.95%)
🔹 Liotech Industries Ltd — BSE SME | Opens 1 Jun | Price ₹321 | GMP ₹0
🔹 Genxai Analytics Ltd — NSE SME | Opens 5 Jun | Price ₹110–₹116 | GMP TBA
🔹 Hexagon Nutrition Ltd — NSE & BSE Mainboard | Opens 5 Jun | Price ₹42–₹45 | GMP ₹0
🔹 Vahh Chemicals Ltd — BSE SME | Opens 4 Jun | Price ₹60 | GMP ₹0
🏆 Pick 1 — Merritronix Ltd — STRONG BUY for Listing Gains
Merritronix Ltd is our top listing gain pick for this week with a GMP of ₹64 — implying a 42.95% listing gain above the issue price of ₹149. This 1988-founded Hyderabad defence electronics ESDM company is capitalizing on India's Atmanirbhar Bharat in defence narrative and the grey market's confidence is reflected in one of the highest SME IPOs GMP seen in 2026. The 100% fresh issue ensures all capital goes to the company for genuine expansion. The main caution is the high minimum investment of ₹2,98,000 (2 lots) and the relatively small revenue of ₹55.94 Crore at a ₹70 Crore issue size. Despite these concerns, for investors seeking short-term listing gains, Merritronix is the standout choice this week.
✅ Verdict: Apply for listing gains — GMP ₹64 makes this the best short-term bet this week
🏆 Pick 2 — CMR Green Technologies Ltd — APPLY for Medium Term
CMR Green Technologies is the only large mainboard IPO this week — raising ₹631 Crore at ₹182–₹192 with a GMP of ₹24 (+12.5%). With ₹6,697 Crore revenue in FY25 and customers including Bajaj Auto, Hero MotoCorp, and Honda, this aluminium recycler has genuine institutional quality. The concern is the 100% OFS structure — all proceeds go to selling shareholders. However, for investors seeking a large-cap green economy play with better post-listing liquidity than SME alternatives, CMR Green is worth applying for medium-term holding.
✅ Verdict: Apply for 12–18 month medium-term holding — strong fundamentals, credible GMP
🟡 Pick 3 — Genxai Analytics Ltd — SELECTIVE APPLY
Genxai Analytics opens Friday with ₹54.84 Crore fresh issue, 147% PAT growth, and Generative AI positioning. This is an interesting AI analytics play for long-term investors who believe in India's enterprise technology sector. The 100% fresh issue is a positive with ₹28.37 Crore going toward new AI product development. However, the small revenue of ₹28.88 Crore and high minimum investment of ₹2,78,400 make this suitable only for investors with high risk appetite and long-term conviction.
🟡 Verdict: Selective Apply — suitable for high-risk, long-term investors only
🟡 Pick 4 — Hexagon Nutrition Ltd — HOLD and WATCH
Hexagon Nutrition's 100% OFS structure with promoter reducing stake from 89.41% to 64.29% is a concern despite the company's 30-year history and near-doubled profits. Flat GMP suggests grey market is not excited. This is a long-term fundamental play for patient investors — not a listing gain opportunity this week.
🟡 Verdict: Wait and Watch — apply only if you have 24+ month conviction in nutrition sector
🔴 Pick 5 — Liotech Industries Ltd — AVOID for Short Term
Liotech Industries' zero GMP, OFS component, and 2020 incorporation date make it a pass for short-term investors. The 46% revenue growth is positive but not sufficient to generate listing excitement against this week's stronger alternatives.
🔴 Verdict: Avoid for short-term — consider only for long-term portfolio diversification
🔴 Pick 6 — Vahh Chemicals Ltd — AVOID
Vahh Chemicals' tiny ₹13.45 Crore issue size, 2019 incorporation, zero GMP, and very high minimum investment of ₹2,40,000 for 1 lot make this the weakest IPO of the week. Avoid unless you have specific conviction in Surat textile chemical sector investing.
🔴 Verdict: Avoid this week
📋 This Week's IPO Summary Table
🥇 Best Listing Gain Pick: Merritronix Ltd — GMP ₹64 (+42.95%)
🥈 Best Fundamental Pick: CMR Green Technologies — GMP ₹24 (+12.5%)
🥉 Long-Term Selective Pick: Genxai Analytics Ltd — 147% PAT growth
⏸️ Wait and Watch: Hexagon Nutrition Ltd
❌ Avoid This Week: Liotech Industries, Vahh Chemicals
🔍 Conclusion
This week's best IPO to apply for depends on your investment objective. For listing gains, Merritronix with GMP ₹64 is the clear frontrunner. For medium-term fundamentals, CMR Green Technologies offers a large-cap green economy play. Track live GMP, subscription updates, and allotment dates for all open IPOs this week on IPOView — updated in real time throughout the subscription period.