Hexagon Nutrition Limited raised ₹41.66 crore by allotting 92,57,696 equity shares to anchor investors at ₹45 per share ahead of its proposed initial public offering (IPO), the company announced. The anchor investor allocation was completed recently as part of the pre-IPO fundraising, marking a key step in the company’s public listing process.
The allotment to anchor investors included diverse participants, with Bandhan Small Cap Fund receiving the largest share of the allocation. Out of the total 92,57,696 equity shares allotted, 26,66,664 shares accounted for 28.82% of the anchor investor portion, reflecting strong institutional interest. The funds raised will support Hexagon Nutrition’s growth and expansion plans as it prepares for the IPO.
Founded in 1993, Hexagon Nutrition is a research-focused company specializing in micronutrient premixes, therapeutic nutrition products, and clinical nutrition solutions. The ₹41.66 crore raised from anchor investors places the company among notable pre-IPO fundraises in the nutrition sector, highlighting investor confidence in its product portfolio and market potential.
Hexagon Nutrition’s IPO is anticipated to follow the anchor investor allotment, with the company moving towards finalizing the public offering. The ₹45 per equity share price for anchor investors sets a benchmark for the upcoming IPO pricing, which will be closely watched by market participants and potential retail investors.