Hexagon Nutrition has raised ₹41.66 crore from anchor investors ahead of its proposed initial public offering (IPO), allotting 92.58 lakh equity shares at ₹45 apiece.
According to the anchor allocation details filed with stock exchanges on Thursday, the company allotted the shares to a clutch of institutional investors. Bandhan Small Cap Fund emerged as the largest investor in the anchor book, receiving 26.7 lakh shares, or 28.82 per cent of the anchor investor portion, translating into an investment of about ₹12 crore.
Key participants
Other key participants included Ampersand Growth Opportunities Fund Scheme-I, which received shares worth around ₹10 crore, and CP Capital Ltd, which was allotted shares worth about ₹9.65 crore. Visionary Value Fund and Innovative Vision Fund were allotted shares worth nearly ₹5 crore each.
The company said no bids or applications were received from life insurance companies or pension funds in the anchor investor portion.
Anchor interest
The anchor book witnessed participation from a diverse set of institutional investors, reflecting interest in Hexagon Nutrition’s business. The company operates in the nutrition segment and has a presence across micronutrient premixes, therapeutic and clinical nutrition products, wellness offerings and fortified foods.
The IPO is expected to open shortly following the completion of the anchor allocation process.