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Hexagon Nutrition IPO subscribed 53.68 times

Hexagon Nutrition IPO subscribed 53.68 times

by | Jun 9, 2026 | Share Market


The offer received bids for 115.96 crore shares as against 2.16 crore shares on offer.

The initial public offer of Hexagon Nutrition received bids for 1,15,96,08,897 shares as against 2,16,02,008 shares on offer, according to stock exchange data at 17:30 IST on Tuesday (09 June 2026). The issue was subscribed 53.68 times.

The issue opened for bidding on 5 June 2026 and it will close on 9 June 2026. The price band of the IPO is fixed between Rs 42 and 45 per share. An investor can bid for a minimum of 333 equity shares and multiples thereof.

The IPO consists entirely of an offer for sale of 3,08,59,704 equity shares aggregating up to Rs 138.87 crore by existing shareholders Arun Purushottam Kelkar, Subhash Purushottam Kelkar, Aditya Kelkar and Nutan Subhash Kelkar. The company will not directly receive any proceeds from the offer, and all the offer proceeds will be received by the selling shareholders, in proportion to the offered shares sold by them.

 

The promoters are Arun Purushottam Kelkar, Subhash Purushottam Kelkar, Vikram Arun Kelkar, Nikhil Arun Kelkar and Aditya Kelkar. The promoters and promoter group hold an aggregate of 10,98,83,804 equity shares, aggregating to 89.4% of the pre-offer issued and paid-up equity share capital. Their post IPO shareholding is expected to be around 64.29%.

Hexagon Nutrition is a nutrition-focused company engaged in the development and manufacturing of micronutrient premixes, wellness and clinical nutrition products, therapeutic formulations, and ready-to-use foods. It caters to both consumer and institutional markets through its branded nutrition products, premix formulations, and nutrition-focused ESG initiatives.

The company owns brands such as Pentasure, Obesigo, PediaGold, and Nutrone and also supplies customized vitamin and mineral premixes to leading FMCG companies. It operates manufacturing facilities in India and Uzbekistan, exports products to over 75 countries, and has in-house R&D capabilities to support product development and innovation.

Ahead of the IPO, Hexagon Nutrition on Thursday, 04 June 2026, raised Rs 41.65 crore from anchor investors. The board allotted 92.57 lakh shares at Rs 45 each to 5 anchor investors.

The firm reported a consolidated net profit of Rs 27.03 crore and sales of Rs 267.59 crore for the nine months ended on 31 December 2025.

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Hexagon Nutrition IPO subscribed 53.68 times

INR recovers momentum as local equities rebound; recent oil and dollar spike fades amid signs of easing geopolitical tensions

by | Jun 9, 2026 | Share Market


Last Updated : Jun 09 2026 | 5:50 PM IST

The Indian rupee recovered momentum to settle higher by around 28 paise at Rs 95.31 per dollar on Tuesday, supported by retreating international oil prices and small pullback in dollar overseas. Meanwhile, local equities also rebounded from two-month lows as a halt in hostilities between Israel and Iran boosted hopes that peace negotiations could move forward. Geopolitical tensions eased somewhat, the dollar weakened and Brent crude futures fell below $93 a barrel as Israel and Iran agreed to halt attacks against each other following a series of mutual attacks from Sunday night, which marked the most serious escalation since the ceasefire in April. The BSE Sensex settled 394.50 points (0.54%) higher at 73,918.76, while the NSE Nifty 50 advanced 119.10 points (0.52%) to close at 23,242.10.

 

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Disclaimer: No Business Standard Journalist was involved in creation of this content

First Published: Jun 09 2026 | 5:50 PM IST



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Govt publishes rules for setting up coal exchanges to boost transparency

Govt publishes rules for setting up coal exchanges to boost transparency

by | Jun 9, 2026 | Share Market



The government on Tuesday said it has published rules for setting up coal exchanges, a move aimed at bringing transparency and efficiency to the country’s coal trading ecosystem and modernising the supply chain.


Coal exchanges are expected to enable transparent, market-driven price discovery, boost efficiency and give coal producers – including commercial and captive miners – easier access to a wider pool of buyers.


Public sector players can also use the platform to increase market participation.


“The recently enacted Mines and Minerals (Development and Regulation) Amendment Act, 2025 introduced the concept of a mineral exchange and empowered the central government to promote transparent and efficient trading of minerals, including coal and its processed forms. In pursuance of the above, the Coal Exchange Rules, 2026 have been published by the Ministry of Coal in the Official Gazette on June 4,” the coal ministry said in a statement.

 


The ministry has already designated the Coal Controller Organisation (CCO) in December 2025 as the authority responsible for registering and regulating coal exchanges. Eligible entities will be authorised by CCO to establish and operate coal exchanges, frame market rules and bye-laws, and facilitate coal trading. Registrations will be granted for 25 years.


“The coal exchange initiative reflects the government’s commitment to enhancing ease of doing business, promoting transparency, and building a modern, self-reliant energy ecosystem. By creating a more competitive and efficient coal market, the reform is expected to strengthen energy security, support industrial growth, and contribute significantly to the vision of Viksit Bharat through sustainable economic development and a future-ready energy sector,” the statement said.



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Mohammed Siraj rested by BCCI, Prasidh Krishna named Replacement for England and Ireland Series

Mohammed Siraj rested by BCCI, Prasidh Krishna named Replacement for England and Ireland Series

by | Jun 9, 2026 | Sports


India pacer Mohammed Siraj had been withdrawn from the T20I squads for the upcoming tours of Ireland and England, with the BCCI opting to manage his workload ahead of a packed international calendar. Prasidh Krishna has been drafted into the squad as Siraj’s replacement for both series. 

The decision comes after consultations between the BCCI Medical Team and the Indian team management, who have recommended a period of rest for the fast bowler following a busy season.

ALSO READ: IND vs AFG: Rohit Sharma, Hardik Pandya cleared to play Afghanistan ODIs; Virat Kohli ruled out


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Why has Mohammed Siraj been rested?

In an official statement, the BCCI confirmed that Siraj’s withdrawal is part of a planned workload management strategy.

“Following discussions between the BCCI Medical Team and the Team Management, Siraj has been advised a period of rest as part of his workload management programme,” the board said.

The move has been taken as a precautionary measure to ensure the pacer remains fresh for a demanding international schedule in the months ahead.

With Siraj unavailable, the selectors have handed an opportunity to Prasidh Krishna, who returns to India’s T20I setup after a lengthy gap.

The fast bowler has featured in five T20 Internationals for India so far, picking up eight wickets. His most recent appearance in the format came against Australia in Guwahati in November 2023.

ALSO READ: Manav Suthar gets emotional after dream India test debut, says ‘It was my father’s dream too…

Prasidh was also included in India’s ODI squad for the upcoming Afghanistan series and recently featured alongside Siraj in the one-off Test against Afghanistan in New Chandigarh.

Gujarat Titans teammates swap places

Interestingly, both Siraj and Prasidh were part of Gujarat Titans’ campaign in IPL 2026. 

Siraj played a key role across 17 matches during the season, while Prasidh featured in 12 games as Gujarat progressed to the final. The workload management decision now allows Siraj additional recovery time before India’s busy run of international assignments.

Busy schedule ahead for Team India

After the Ireland and England T20I series, India will continue their white-ball preparations with an ODI tour of England before travelling to Zimbabwe, Sri Lanka and New Zealand later in the season.

The T20I tour begins with two matches against Ireland in Belfast on June 26 and 28. India will then travel to England for a five-match T20I series scheduled from July 1 to July 11.

India’s updated T20I squad

Shreyas Iyer (Captain), Abhishek Sharma, Sanju Samson, Ishan Kishan, Shivam Dube, Tilak Varma (Vice-Captain), Nitish Kumar Reddy, Axar Patel, Washington Sundar, Varun Chakravarthy, Ravi Bishnoi, Prasidh Krishna, Harshit Rana, Arshdeep Singh, Prince Yadav and Vaibhav Sooryavanshi



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Wadhwa Group leases 33K sq ft office space in Mumbai for ₹44 cr rental in 9-yr period

Wadhwa Group leases 33K sq ft office space in Mumbai for ₹44 cr rental in 9-yr period

by | Jun 9, 2026 | Business


Realty firm Wadhwa Group has leased nearly 33,000 square feet of office space to global investment research firm Morningstar at its commercial project in Mumbai for a total rental of ₹44 crore over a nine-year period.

Mumbai-based Wadhwa Group develops residential, commercial and township projects. It has completed more than 220 projects across Mumbai Metropolitan Region (MMR) covering 45 million sq ft area.

Its commercial portfolio includes projects such as The Capital (BKC) and Platina (BKC).

According to sources, Morningstar has taken an additional 32,551 sq ft area on lease in Wadhwa group’s Vishwaroop IT Park (VITP) project in Vashi, Mumbai.

The company spokesperson declined to comment.

With this transaction, Morningstar’s total footprint at Vishwaroop IT Park is 4.45 lakh sq ft area. The latest 9 years lease transaction is expected to generate about ₹43.54 crore in revenue for the Wadhwa Group till 2034, they added.

Spread across a plot area of 15,518 square metre, the project ‘Vishwaroop IT Park’ has a built-up area of 6.25 lakh sq ft. The commercial asset is currently fully leased. The total annual rental income of this property is around ₹75 crore.

Wadhwa Group, one of the leading real estate developers in the MMR, is preparing to launch an Initial Public Offering (IPO).

According to Knight Frank India data, India’s office market recorded its highest-ever quarterly leasing volume at 29.9 million square feet during January-March 2026 across eight major cities. This represents a 6 per cent rise from the previous peak observed in the first quarter of 2025 calendar year.

Published on June 9, 2026



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