Hexagon Nutrition IPO: 10 key points to consider from RHP before ₹139 crore offer opens for subscription

Hexagon Nutrition IPO: The initial public offering of research-driven nutrition company Hexagon Nutrition will open for subscription on Friday, June 5. The company has set the price range of ₹42 to ₹45 per share.

The company's equity shares will make their secondary market debut on June 12.

Hexagon Nutrition IPO: 10 key points to know

1. Hexagon Nutrition IPO subscription period: The initial share sale will be live from June 5 to June 9.
2. Anchor investors' bidding: The anchor investor round will occur on Thursday, June 4, according to the red herring prospectus (RHP).
3. IPO offer structure: The issue is solely an offer for sale (OFS) of 30,859,704 shares valued at ₹138.87 crore, without a fresh issue component.
4. Objectives: Since there is no fresh issuance of shares, the firm will not receive any proceeds from the issue. The money raised will go to selling shareholders. Those selling their stake under the OFS include promoters Arun Purushottam Kelkar, Aditya Kelkar, Subhash Purushottam Kelkar and Nutan Subhash Kelkar.
5. Hexagon Nutrition IPO price band: The company has fixed a price band of ₹42 to ₹45 per share.
6. Reservation: The company has set aside 50% of the net issue for qualified institutional buyers, 35% for retail investors, and the remaining 15% for non-institutional investors.
7. Hexagon Nutrition IPO lot size: The least investment for a retail individual investor is 333 shares and multiples thereof.
8. Book-running lead manager and registrar: Cumulative Capital and Catalyst Capital Partners are the book-running lead managers. KFin Technologies serves the registrar for the issue.
9. Hexagon Nutrition IPO allotment date: The basis of allotment is expected to be finalised on June 10.
10. Hexagon Nutrition IPO listing date: The listing on the BSE and the National Stock Exchange (NSE) will occur on June 12.

Hexagon Nutrition is a differentiated and research-orientated pure-play nutrition firm. It offers a whole range of products, including micronutrient premixes and therapeutic and clinical products.