Hexagon Nutrition IPO
Open MainLineCurrent GMP
₹2 (+4.44%)
Price Band
₹ 42 – 45
Lot Size
333
Issue Size
₹139 Cr
Minimum Investment
₹14985 (333 Shares)
Listing Date
12 June 2026
Subscription
53.68x
About the Company
Founded in 1993, Hexagon Nutrition Limited is a research-led nutrition company engaged in the development and manufacturing of micronutrient premixes, clinical and wellness nutrition products, therapeutic formulations, and ready-to-use nutritional solutions. Over the years, the company has evolved into an integrated nutrition platform with capabilities spanning product research, formulation development, manufacturing, quality assurance, and global distribution.
The company operates four manufacturing facilities, including three units in India located at Nashik, Chennai, and Thoothukudi, along with an international facility in Tashkent, Uzbekistan. The Chennai and Thoothukudi plants are situated in Special Economic Zones (SEZs), offering logistical efficiencies, proximity to ports, and duty-free import benefits for export-oriented operations.
Hexagon Nutrition’s business is broadly divided into three key segments. Its B2C segment includes branded wellness and clinical nutrition products marketed under brands such as PENTASURE, OBESIGO, PEDIAGOLD, and NUTRONE. The B2B2C segment focuses on customized vitamin and mineral premixes supplied to leading FMCG and food companies for food fortification initiatives. The ESG-focused segment includes Ready-to-Use Foods (RUFs) and Micronutrient Powders (MNPs), which are supplied for global nutrition and malnutrition programs supported by international health organizations and UN-led initiatives.
The company has established a strong omnichannel distribution network across India, covering retail pharmacies, hospital networks, online marketplaces, e-commerce platforms, and its own branded websites. It works with more than 342 distributors nationwide, including several with multi-state operations, strengthening its domestic market reach.
Internationally, Hexagon Nutrition has built a growing presence through offices in South Africa, Uzbekistan, and Hong Kong. Between FY2023 and FY2025, the company exported products to over 75 countries across Asia, Africa, Europe, the Middle East, and Latin America, with exports contributing more than 61% of total revenue in FY25.
In FY25, the company reported revenue of INR 324.9 crore, compared to INR 278.5 crore in FY23. Premix formulations contributed 47.6% of total revenue, while branded nutrition and therapeutic nutrition accounted for 28.3% and 24.0%, respectively.
Hexagon Nutrition also maintains dedicated in-house R&D facilities at Nashik and Chennai, supported by a team of qualified professionals focused on product innovation, quality enhancement, and regulatory compliance. Its manufacturing operations are backed by certifications including FSSC 22000, GMP, ISO 9001:2015, and Halal certifications, reflecting its focus on global quality standards. As of July 31, 2025, the company employed 482 people across its operations.
Promoters
- Arun Purushottam Kelkar
- Subhash Purushottam Kelkar
- Vikram Arun Kelkar
- Nikhil Arun Kelkar
Promoters Holding
Holding Pre Issue
77.86%
Holding Post Issue
0.00%
Objects of the Issue
Address / Contact Info
Hexagon Nutrition Limited
404 Global Chamber
Adarsh Nagar Link Road
Andheri (W) Mumbai,
Maharashtra, 400053
Phone: +91 22 6213 6710
Email: cs.hnpl@hexagonnutrition.com
Website: https://hexagonnutrition.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Friday, 05 June 2026
IPO Close Date
Tuesday, 09 June 2026
Basis of Allotment
Wednesday, 10 June 2026
Initiation of Refunds
Thursday, 11 June 2026
Credit of Shares to Demat
Thursday, 11 June 2026
Listing Date
Friday, 12 June 2026 — NSE & BSE
Important Dates
Open Date
05 June 2026
Close Date
09 June 2026
Basis Of Allotment
10 June 2026
Listing Date
12 June 2026
Financial Performance (₹ in Crores)
| Particular | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 327.6 | 261.36 | 250.54 | 288.9 |
| Revenue | 275.57 | 331.29 | 304.62 | 281.65 |
| Profit After Tax | 27.03 | 24.38 | 12.21 | 5.82 |
| Net Worth | 223.05 | 195.6 | 176.29 | 163.84 |
| Reserve & Surplus | 210.92 | 183.89 | 164.51 | 152.3 |
| Total Borrowings | 39.79 | 26.6 | 36.89 | 51.87 |
EPS Pre
1.98%
EPS Post
2.93%
P/E Pre
22.69
P/E (Post Issue)
15.35x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | Dec 2025 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|
| ROE % | 13.02 | 10.47 | 7.21 | 3.5 |
| ROCE % | 14.82 | 17.06 | 11.12 | 5.94 |
| Debt / Equity | 0.18 | 0.14 | 0.21 | 0.32 |
| RoNW % | 12.12 | 12.46 | 6.93 | 3.55 |
| PbW | 0 | 0 | 0 | 0 |
| Pat Margin % | 9.81 | 7.36 | 4.01 | 2.07 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 6172155 | 28.57 | 0 |
| Non-Institutional | 4628956 | 21.43 | 0 |
| BNII | 3085971 | 14.29 | 0 |
| SNII | 1542985 | 7.14 | 0 |
| Retail Investors | 10800897 | 50 | 0 |
| Total | 21602008 | 100 | 0 |
Subscription Status ( Tue, 09 Jun 26 01:55 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 6172155 | 122036508 | 19.77x |
| Non-Institutional | 4628956 | 747541377 | 161.49x |
| BNII | 3085971 | 565231203 | 183.16x |
| SNII | 1542985 | 182310174 | 118.15x |
| Retail Investors | 10800897 | 290035674 | 26.85x |
| Total | 21602008 | 1159613559 | 53.68x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Hexagon Nutrition Ltd | 1 | 0.00 | 1.75 | 1.75 | 12.46 | 15.91 |
| Zydus Wellness Ltd | 2 | 46.22 | 10.90 | 10.90 | 6.12 | 178.26 |
| Nestlé India Ltd | 1 | 88.86 | 16.63 | 16.63 | 77.91 | 21.35 |
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 333 | 14,985.00 |
| Retail (Max) | 13 | 4,329 | 194,805.00 |
| S-HNI (Min) | 14 | 4,662 | 209,790.00 |
| S-HNI (Max) | 66 | 21,978 | 989,010.00 |
| B-HNI (Min) | 67 | 22,311 | 1,003,995.00 |
Registrar
Kfin Technologies Limited
04067162222, 04079611000
reachus@kfintech.com
https://www.kfintech.com
Book Running Lead Managers
- Cumulative Capital Private Limited
- Catalyst Capital Partners Pvt.Ltd.
RHP Document
DRHP Document
Anchor Investors
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Hexagon Nutrition IPO is a Book-building IPO worth ₹139 crores. The price band is ₹42 to 45 per share. The IPO opens on Fri, Jun 5, 2026 and closes on Tue, Jun 9, 2026. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.
The Hexagon Nutrition IPO opens on Fri, Jun 5, 2026 and closes on Tue, Jun 9, 2026
Hexagon Nutrition IPO Price Band is ₹42 to 45.
Hexagon Nutrition IPO lot size is 333, and the minimum amount required for application is ₹14985.
The minimum investment for Hexagon Nutrition IPO is approximately ₹14985 based on the upper price band.
To apply for the Hexagon Nutrition IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Tue, Jun 9, 2026. After submission, funds are blocked until the basis of allotment of Hexagon Nutrition IPO is finalised.
Hexagon Nutrition IPO issue size is ₹139 crores.
Hexagon Nutrition IPO allotment date is Sat, Jun 27, 2026.
The registrar for Hexagon Nutrition IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website for IPO allotment status, refund processing, and other queries related to Hexagon Nutrition IPO through their official website or helpline.
The Hexagon Nutrition IPO GMP (Grey Market Premium) is ₹2 as of Fri, Jun 12, 2026. Based on the upper price band of ₹45 per share, the estimated Hexagon Nutrition IPO listing price is ₹47, indicating a potential listing gain of approximately 31% over the issue price.