New Delhi, June 4 -- The initial public offering (IPO) of Hexagon Nutrition is set to open for subscription tomorrow, Friday, 5 June and will close on Tuesday, 9 June. The company, which aims to raise Rs.139 crore from the issue, has fixed a price band of Rs.42-45 per share.

The issue will be the first mainboard IPO to hit Dalal Street in a month, with IPO activity remaining muted this year amid market uncertainty linked to the ongoing Middle East conflict.

Moreover, the IPO has not witnessed any grey market activity so far. According to investorgain.com, the grey market premium (GMP) is Rs.0, indicating an expected listing around the issue price.

Offer Structure: The IPO consists entirely of an offer for sale (OFS) of up to 30.86 mill...