Hexagon Nutrition Fixes IPO Price Band at ₹42-₹45 for Upcoming Share Sale
Hexagon Nutrition
IPOHexagon Nutrition Sets Price Band for Upcoming IPO
Hexagon Nutrition has announced the price band for its upcoming initial public offering (IPO) at ₹42-45 per share. This mainboard issue is set to hit the primary market next week on June 5, with the offer closing for bidding on June 9.
The anchor book for Hexagon Nutrition IPO will open on June 4. The company is looking to raise ₹139 crore at the upper end of the price band, which is an entirely offer for sale of 3.08 crore shares. This means that no proceeds will be received by the company.
The promoter selling shareholders include Arun Purushottam Kelkar, Subhash Purushottam Kelkar, Aditya Kelkar, and Nutan Subhash Kelkar. Investors can apply for Hexagon Nutrition IPO in lots of 333 shares, requiring a minimum investment of ₹14,985 at the upper end of the price.
Read also: SMR Jewels IPO Successfully Lists with Institutional Support
The IPO allocation is as follows:
| Investor Category | Allocation Percentage |
|---|---|
| Qualified Institutional Buyers (QIBs) | 50% |
| Non-Institutional Investors | 15% |
| Retail Investors | 35% |
The shares of Hexagon Nutrition are slated to list on BSE and NSE, with the tentative listing date set as June 12.
Investor Takeaway
Investors can apply for Hexagon Nutrition IPO in lots of 333 shares, requiring a minimum investment of ₹14,985 at the upper end of the price.
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