Retail investors followed, subscribing 14.38 times their allotted portion. Qualified institutional buyers (QIBs), however, showed relatively muted interest, with the category subscribed only 0.41 times, or 41 per cent, of the shares reserved for them.
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Hexagon Nutrition IPO details
Through its maiden share sale, Hexagon Nutrition aims to raise ₹138.87 crore via an entirely offer-for-sale (OFS). The issue comprises the sale of up to 30.9 million equity shares by promoters Arun Purushottam Kelkar, Subhash Purushottam Kelkar, Aditya Kelkar, and Nutan Subhash Kelkar.
The company has fixed the price band at ₹42–₹45 per share, with a lot size of 333 shares. Investors can bid for a minimum of 333 shares and in multiples thereof. At the upper end of the price band, retail investors are required to invest at least ₹14,985 for one lot, while the maximum permissible retail application of 13 lots (4,329 shares) would entail an investment of ₹1,94,805.
With the public issue closing for subscription today, the basis of allotment is expected to be finalised on Wednesday, June 10. Shares are likely to be credited to successful applicants’ demat accounts on Thursday, June 11.
Hexagon Nutrition shares are scheduled to list on the stock exchanges on Friday, June 12, 2026.
KFin Technologies is the registrar to the issue, while Cumulative Capital and Catalyst Capital Partners are acting as the book-running lead managers.
Should you subscribe to Hexagon Nutrition IPO?
Equivision, on the other hand, has suggested that investors may consider subscribing. It said that, given the company’s diversified nutrition portfolio, established manufacturing footprint, and industry positioning, the issue appears reasonably priced relative to listed peers. READ MORE
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