New Delhi: The initial public offering of Hexagon Nutrition Ltd was overall subscribed 53.68 times on the third and last day of bidding on Tuesday.
The company’s Rs 139-crore IPO attracted bids for 1,15,96,08,897 shares against 2,16,02,008 shares on offer, as per data available with the NSE.
The category for non-institutional investors fetched 161.49 times subscription. The retail quota was booked 26.85 times, while the portion reserved for the Qualified Institutional Buyers (QIBs) was subscribed 19.77 times.
Hexagon Nutrition Ltd on Thursday raised Rs 41.66 crore from anchor investors.
The IPO price band was fixed at Rs 42-45 per equity share.
The public issue comprised entirely an offer-for-sale (OFS) of over 3.08 crore equity shares by promoters.
Hexagon Nutrition has said the proposed listing is aimed at enhancing its visibility, strengthening brand recognition and providing liquidity to existing shareholders.
Founded in 1993, the company started as a micronutrient formulations business and later diversified into branded nutrition products. Its portfolio includes brands such as Pentasure, Obesigo and Pediagold across health, wellness and clinical nutrition segments.
Hexagon Nutrition has a presence across 75 countries and offers a wide range of products, including micronutrient premixes, therapeutic nutrition, clinical nutrition, wellness products and fortified foods.
Shares of the company are tentatively scheduled to be listed on the stock exchanges on June 12.
