Private Equity

Liquidity Events

Somerset-backed Hexagon Nutrition to file for Rs.600-Cr IPO

Mint  

Mumbai-based Hexagon Nutrition Ltd plans to file draft papers for an IPO worth INR 500-600 crore. The IPO will comprise the sale of both primary and secondary shares. Equirus Capital and SBI Capital Markets have been appointed as book running lead managers to the issue. In 2016, Somerset Indus Healthcare Fund-I, along with Mayur Anand Sardesai, an advisor and director at Somerset Health Capital Advisors, had invested INR 25 crore for a 10% stake in the company, which makes fortification, clinical nutrition and therapeutic food. Hexagon Nutrition sells its products in over 65 countries, currently from its three factories located at Nasik, Chennai, and Thoothukudi.