New Delhi: The preliminary public providing of Hexagon Nutrition Ltd was general subscribed 53.68 times on the third and final day of bidding on Tuesday.
The corporate’s Rs 139-crore IPO attracted bids for 1,15,96,08,897 shares towards 2,16,02,008 shares on supply, as per knowledge obtainable with the NSE.
The class for non-institutional traders fetched 161.49 times subscription. The retail quota was booked 26.85 times, whereas the portion reserved for the Certified Institutional Patrons (QIBs) was subscribed 19.77 times.
Hexagon Nutrition Ltd on Thursday raised Rs 41.66 crore from anchor traders.
The IPO value band was mounted at Rs 42-45 per fairness share.
The general public difficulty comprised completely an offer-for-sale (OFS) of over 3.08 crore fairness shares by promoters.
Hexagon Nutrition has mentioned the proposed itemizing is geared toward enhancing its visibility, strengthening model recognition and offering liquidity to current shareholders.
Based in 1993, the corporate began as a micronutrient formulations enterprise and later diversified into branded vitamin merchandise. Its portfolio contains manufacturers similar to Pentasure, Obesigo and Pediagold throughout well being, wellness and scientific vitamin segments.
Hexagon Nutrition has a presence throughout 75 nations and presents a variety of merchandise, together with micronutrient premixes, therapeutic vitamin, scientific vitamin, wellness merchandise and fortified meals.
Shares of the corporate are tentatively scheduled to be listed on the inventory exchanges on June 12.
Source link
#Hexagon #Nutrition #IPO #subscribed #times #final #day
