Hexagon Nutrition IPO Details

Bookbuilding IPO | ₹139 Cr | Listing at BSE, NSE | Fri, Jun 5, 2026 - Tue, Jun 9, 2026 O

Hexagon Nutrition IPO Logo

Hexagon Nutrition IPO is a book build issue of ₹138.87 crores. The issue is entirely an offer for sale of 3.09 crore shares of ₹138.87 crore.

Hexagon Nutrition IPO bidding opened for subscription on Jun 5, 2026 and will close on Jun 9, 2026. The allotment for the Hexagon Nutrition IPO is expected to be finalized on Jun 10, 2026. Hexagon Nutrition IPO will list on NSE and BSE with a tentative listing date fixed as Jun 12, 2026.

Hexagon Nutrition IPO is set issue price band at ₹42 to ₹45 per share. The lot size for an application is 333 shares. The minimum amount of investment required by an individual investor (retail) is ₹14,985 (333 shares) (based on upper price). The lot size investment for sNII is 14 lots (4,662 shares), amounting to ₹2,09,790, and for bNII, it is 67 lots (22,311 shares), amounting to ₹10,03,995.

Cumulative Capital Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.

Refer to Hexagon Nutrition IPO RHP for detailed Information.

IPO Open

Fri, Jun 5, 2026

IPO Close

Tue, Jun 9, 2026

Price Band

₹42 to ₹45

Market Cap (Pre-IPO)

₹553.13 Cr

IPO Details

IPO Date5 to 9 Jun, 2026
Listing DateFri, Jun 12, 2026T
Face Value1 per share
Price Band₹42 to ₹45
Lot Size333 Shares
Sale TypeOFS only
Issue TypeBookbuilding IPO
Listing AtBSE, NSE

Total Issue Size3,08,59,704 shares
(agg. up to ₹139 Cr)
Offer for Sale3,08,59,704 shares of ₹1
(agg. up to ₹139 Cr)
Share Holding Pre Issue12,29,18,109 shares
Share Holding Post Issue12,29,18,109 shares

IPO Timetable (Tentative)

Issue Reservation

Hexagon Nutrition IPO comprises a total issue size of 3,08,59,704 shares. Out of which, 1,54,29,852 (50.00%) are allocated to QIB, 46,28,956 (15.00%) allocated to NII 1,08,00,896 (35.00%) allocated to RII.

Investor Category Shares Offered % of Total Issue Max Allottees
QIB Shares Offered 1,54,29,85250.00%NA
  − Anchor Investor Shares Offered 92,57,69630.00%NA
  − QIB (Ex. Anchor) Shares Offered 61,72,15620.00%NA
NII (HNI) Shares Offered 46,28,95615.00%NA
  − bNII > ₹10L 30,85,97010.00%661
  − sNII < ₹10L 15,42,9855.00%330
Retail Shares Offered 1,08,00,89635.00%32,435
Total Shares Offered 3,08,59,704100.00%

IPO Lot Size

Investors can bid for a minimum of 333 shares and in multiples thereof. 

Application Lots Shares Amount
Retail (Min) 1 333 ₹14,985
Retail (Max) 13 4,329 ₹1,94,805
S-HNI (Min) 14 4,662 ₹2,09,790
S-HNI (Max) 66 21,978 ₹9,89,010
B-HNI (Min) 67 22,311 ₹10,03,995
IPO Subscription Details

IPO Anchor Investors

Hexagon Nutrition IPO raises ₹41.66 crore from anchor investors. Hexagon Nutrition IPO Anchor bid date is June 4, 2026.
📝 Anchor Investors Letter (PDF)

Bid DateThu, Jun 4, 2026
Shares Offered92,57,696
Anchor Portion (₹ Cr.)41.66
Anchor lock-in period end date for 50% shares (30 Days)Fri, Jul 10, 2026
Anchor lock-in period end date for remaining shares (90 Days)Tue, Sep 8, 2026

About Hexagon Nutrition Ltd.

Incorporated in 1993, Hexagon Nutrition Ltd. is a research-driven nutrition company. It is engaged in developing and manufacturing products across micronutrient premixes, branded wellness and clinical nutrition, therapeutic formulations, and ready-to-use foods.

The company operates three manufacturing facilities in India, located at Nasik (Maharashtra), Chennai (Tamil Nadu), and Thoothukudi (Tamil Nadu), along with an international unit in Tashkent, Uzbekistan. Two Indian facilities are situated in SEZ zones at Chennai and Thoothukudi, providing strategic advantages such as proximity to ports and duty-free imports.

Its product portfolio is classified into three segments:

  • Branded wellness and clinical nutrition products (B2C)
  • Premix formulations (B2B2C)
  • Ready-to-Use Foods (RUFs) and Micronutrient Powders (MNPs) under ESG initiatives

Hexagon Nutrition has a PAN-India omnichannel distribution network covering retail pharmacies, hospital networks, e-commerce platforms, online pharmacies, and its own branded websites including Pentasure, Obesigo, Pediagold, and Nutrone. For domestic distribution, it works with over 358 distributors across India, including 8 with multi-state presence.

The company has established overseas offices in South Africa, Uzbekistan, and Hong Kong to support international operations. Its products have been exported to more than 75 countries across Asia, Africa, Europe, and South America between fiscals 2023 and 2025.

Hexagon Nutrition maintains two dedicated in-house R&D facilities at Nasik and Chennai, supported by a team of 12 qualified professionals. As of March 31, 2026, the company employed 527 people.

Company Financials (Restated Consolidated)

Period Ended31 Dec 202531 Mar 202531 Mar 202431 Mar 2023
Assets327.60261.36250.54288.90
Total Income275.57331.29304.62281.65
Profit After Tax27.0324.3812.215.82
EBITDA37.5540.0724.8817.17
NET Worth223.05195.60176.29163.84
Reserves and Surplus210.92183.89164.51152.30
Total Borrowing39.7926.6036.8951.87
Amount in ₹ Crore

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Key Performance Indicator (KPI)

KPIDec 31, 2025Mar 31, 2025
ROE13.02%10.47%
ROCE14.82%17.06%
Debt/Equity0.180.14
RoNW12.12%12.46%
PAT Margin9.81%7.36%
EBITDA Margin14.03%12.33%
Price to Book Value2.482.83
Pre IPOPost IPO
EPS (₹)1.982.93
P/E (x)22.6915.35
Promoter Holding89.41%64.29%
Market Cap553.13 Cr.
Arun Purushottam Kelkar, Subhash Purushottam Kelkar, Vikram Arun Kelkar and Nikhil Arun Kelkar.
  • The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2025 available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of December 31, 2025 available in RHP.

IPO Review

[Dilip Davda]
HNL is a pure play nutrition company having differentiated and research-oriented products play. It posted steady growth in its top and bottom lines for the reported periods. It is a most preferred partner/supplier for nutritional products with a rising market share. Based on its recent financial data, the issue appears fully priced. Well-informed investors may park funds for medium to long term.
Read detail review...

Hexagon Nutrition IPO Recommendations

Review BySubscribeMay ApplyNeutralAvoid
Brokers4130
Members0001

IPO Expenses

# Issue Expenses Est Amt (₹ Cr.)
1 Book Running Lead Managers’ fees and commission (including underwriting commission), brokerage and selling commission, as applicable
2 Brokerage, commission/processing fee for SCSBs, Sponsor Bank and Bankers to the Offer. Brokerage, and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs
3 Fees payable to the Registrar to the Offer
4 Others: Listing fees, SEBI filing fees, upload fees, BSE & NSE processing fees, book building software fees and other regulatory expenses
5 Printing and distribution of issue stationery
6 Advertising and marketing expenses
7 Fees payable to legal counsels
8 Fees payable to statutory auditors for the Offer
9 Fees payable to other advisors to the Offer
10 Miscellaneous

IPO Registrar

Kfin Technologies Ltd.

Contact Details

Hexagon Nutrition Ltd. Address
404 Global Chamber
Adarsh Nagar Link Road
Andheri (W)
Mumbai, Maharashtra, 400053
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IPO FAQs

Hexagon Nutrition IPO is a main-board IPO of 3,08,59,704 equity shares of the face value of ₹1 aggregating up to ₹139 Crores. The issue is priced at ₹42 to ₹45. The minimum order quantity is 333.

The IPO opens on Fri, Jun 5, 2026, and closes on Tue, Jun 9, 2026.

Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in Hexagon Nutrition IPO using UPI as a payment gateway. Zerodha customers can apply in Hexagon Nutrition IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Hexagon Nutrition IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Hexagon Nutrition IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. Submit IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Hexagon Nutrition IPO opens on Fri, Jun 5, 2026 and closes on Tue, Jun 9, 2026.

Hexagon Nutrition IPO lot size is 333, and the minimum amount required for application is ₹14,985.

You can apply in Hexagon Nutrition IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Hexagon Nutrition IPO will be done on Wednesday, June 10, 2026, and the allotted shares will be credited to your demat account by Thu, Jun 11, 2026. Check the Hexagon Nutrition IPO allotment status.

The Hexagon Nutrition IPO listing date is not yet announced. The tentative date of listing is Fri, Jun 12, 2026.

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