New Delhi, June 1 -- The initial public offering (IPO) of Hexagon Nutrition is set to open for bidding later this week on Friday, 5 June, with an aim to raise Rs.139 crore. The offer will close on 9 June. The company recently announced the price band for its upcoming share sale at Rs.42 to Rs.45 per share.

Hexagon Nutrition IPO would be the first mainboard offering to hit Dalal Street in a month. The last was OnEMI Technology Solutions, which closed on 5 May. So far this year, only 20 IPOs have opened for bidding this year with the market sentiment impacted by the ongoing conflict in the Middle East. The three-month-long conflict has pushed the Nifty 50 down 10.15% on a year-to-date basis.

The grey market activity for this upcoming IPO ...