Hexagon Nutrition gets Sebi nod for Rs 600 crore IPO

Hexagon Nutrition Limited (HNL), backed by Somerset has received the Securities and Exchange Board of India’s (Sebi), approval to raise Rs 600 crore through an initial public offferrous gluconate percent ironering (IPO).The company had filed its draft prospectus in December 2021. The IPO consists of a fresh issue of shzinc and magnesium glycinate before bedares worth Rs 100 crore and an offer for sale (Oxtraactiv d3 mag glycinateFS), of up to 30,113,918 equity sharesmagnesium malate taste, as per the company’s draft red herring prospectus (DRHP).Hexagon Nutrition Limited (HNL), backed by Somerset has received the Securities and Exchange Board of India’s (Sebi), approval to raise Rs 600 crore through an initial public offering (IPO).The offer for sale comprises up to 7,700,000 equity shares by Arun Purushottam Kelkar, up to 6,136,000 equity magnesium glycinate xandroshares by Subhash Purushottam Kelkar, up to 1,500,000 equity shares by Anuradha Arun Kelkar, up to 2,500,000 equity shares by Nutan Subhash Kelkar, up to 12,204,250 equity shares by Somerset Indus Healthcare Fund I Limited and up to 73,668 equity shares by Mayur Sirdesai.

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