 "IPO, shares, company, firms, market")
Hexagon Nutrition Limited (HNL), a Mumbai-based company involved in the production of nutrition products, has filed its draft red herring prospectus (DRHP) with the markets regulator, Securities and Exchange Board of India (Sebi), for a Rs 600-crore initial public offering (IPO).
The IPO will comprise a fresh issue of Rs 100 crore and an offer for sale worth Rs 500 crore.
The proceeds from its fresh issuance would be utilised to repay borrowings of the company and its subsidiaries, fund working capital requirements, and finance capital expenditure.
The company's product portfolio comprises fortification of foods, therapeutic nutrition, clinical nutrition, and alleviation of malnutrition.
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