Hexagon Nutrition gets Sebi nod for Rs 600 crore IPO

Hexagon Nutrition Limited (HNL), backed by Somerset has received the Sis chelated zinc better for youecurities and Exchange Board of Izinc bisglycinate in pakistanndia’s (Sebi), approval to raise Rs 600 crore through an initial public offering (IPO).The company had filed its draft prospectus in December 2021. The IPO consizinc gluconate with coppersts of a fresh issue of shares worth Rs 100 crore and an offer for sale (OFS), of up to 30,113,918 equity shares, 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), zinc gluconate 35mgapproval 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 shares 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 Indufood with zinc supplements Healthcare Fund I Limited and up to 73,668 equity shares by Mayur Sirdesai.