|
|
|
You can get e-magazine links on WhatsApp. Click here
|
|
|
|
|
|
Hexagon Nutrition’s IPO to open on June 5, 2026, price band fixed from Rs 42 to Rs 45
|
|
Thursday, 28 May, 2026, 08 : 00 AM [IST]
|
|
Our Bureau, Bengaluru
|
Hexagon Nutrition proposes to open an initial public offering of its equity shares of face value of Re 1 each on June 05, 2026. The Anchor Investor Bidding Date is one working day before the Bid/Offer Opening Date, June 04, 2026. The Bid/ Offer Closing Date is June 9, 2026. The price band of the Offer has been fixed from Rs 42 per Equity Share to Rs 45 per Equity Share. Bids can be made for a minimum of 333 Equity Shares and multiples of 333 Equity Shares thereafter.
The offer comprises an offer for sale of up to 30,859,704 Equity Shares, aggregating up to Rs 138.87 crore calculated at upper end of the price band by existing shareholders, Arun Purushottam Kelkar, Subhash Purushottam Kelkar, Aditya Kelkar (Promoter Selling Shareholder) and Nutan Subhash Kelkar (Promoter Group Selling Shareholder).
The company is a focused nutrition company with a differentiated and research-oriented approach, operating across the nutrition value chain through Branded wellness nutrition products/ clinical nutrition products (B2C), premix formulations (B2B2C), and Ready to Use Foods (“RUFs”) and Micronutrient Powder (“MNPs”) (ESG segment).)
Internationally, the company's distribution network extends across non-exclusive 19 regional distributors covering Latin America, Southeast Asia, Africa, and the Middle East. The company also maintain 3 overseas offices located in South Africa, Uzbekistan and Hong Kong that support the overseas business operations. Over the past three Fiscals, their products were exported to over 75 countries. The company has positioned itself as a holistic nutrition company with global nutritional expertise.
The offer is being made through the Book Building Process wherein not more than 50% of the Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (QIBs). The company, in consultation with Book Running Lead Managers, may allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis.
The Equity Shares of the company are proposed to be listed on BSE Limited (BSE) and the National Stock Exchange of India Limited (NSE). For the purposes of the offer, the Designated Stock Exchange shall be NSE.
Cumulative Capital Private Limited and Catalyst Capital Partners Private Limited are the Book Running Lead Managers (BRLMs) to the issue.
|
|
|
|
|
|
|
|
|
|