Market News
Hexagon Nutrition IPO opens June 5, aims to raise ₹139 crore
Published 2026-06-04 · Bazaar Watch Research
- Hexagon Nutrition's IPO opens June 5-9, targeting ₹139 crore at a price band of ₹42-45 per share.
- The issue is entirely an Offer for Sale (OFS) of 30.86 million shares by existing promoters, with no fresh issue.
- Promoters are diluting their stake, indicating a potential move to unlock value or for personal liquidity.
- The company aims to leverage India's expanding nutrition and wellness market through this public listing.
- Retail investors will need to assess the OFS structure and the current zero Grey Market Premium (GMP).
- Existing shareholders, including the Kelkar family, will realize proceeds from selling their equity.
- Thoroughly review the Red Herring Prospectus (RHP) for risks, especially given the absence of GMP.
- Evaluate the company's strong financial growth and the OFS nature before making any subscription decisions.