Hexagon Nutrition has fixed its initial public offering (IPO) price band at ₹42-45 per share, aiming to raise ₹139 crore through the share sale. The IPO will open on June 5 and close for bidding on June 9, with shares expected to list on the mainboard on June 12, according to livemint.com.
The company will open its anchor book on June 4 ahead of the IPO launch. Investors will have a window of five days to place bids before the subscription closes. The pricing and offer size were finalized recently as Hexagon Nutrition prepares to enter the primary market. The firm’s decision to list on the mainboard reflects its readiness to expand its investor base and access public capital.
This IPO comes amid a steady flow of public listings in the nutrition and wellness sector, where companies are tapping capital markets to fund growth and innovation. The ₹139 crore target places Hexagon Nutrition’s offering in the mid-size category compared with recent IPOs in the space. The pricing band indicates investor appetite and market conditions for consumer-focused health companies.
Following the close of bidding on June 9, market participants will watch for subscription levels and anchor investor participation. The listing on June 12 will be a key milestone, providing liquidity and valuation benchmarks for Hexagon Nutrition. The company’s post-IPO performance will be closely tracked as it seeks to leverage the raised funds for expansion and product development.