Hexagon Nutrition IPO- Analysis
Hexagon Nutrition IPO under the Mainboard IPO category is a bookbuild issue of Rs. 138.87 Cr by Hexagon Nutrition Limited, and is a nutrition company focused on research. It develops and produces micronutrient premixes, medicinal formulations, branded wellness and clinical nutrition, and ready-to-eat foods.
The company has an international unit in Tashkent, Uzbekistan, and three production sites in India: Nasik (Maharashtra), Chennai (Tamil Nadu), and Thoothukudi (Tamil Nadu). Situated in SEZ zones in Chennai and Thoothukudi, two Indian facilities offer strategic benefits such as duty-free imports and close access to ports.
Three categories comprise its product portfolio:
- Clinical nutrition and wellness goods with brands (B2C)
- B2B2C premix formulas
- Micronutrient Powders (MNPs) and Ready-to-Use Foods (RUFs) under ESG initiatives.
Hexagon Nutrition IPO Details
The Hexagon Nutrition IPO date of opening is 05 Jun 2026, its initial public offering will end on 09 Jun, IPO allotment on Jun 10 and refund initiation on Jun 11, 2026.
The Rs. 138.87 crore new Mainboard IPO comprises a wholly offer for sale of 3.09 crore shares.
The Hexagon Nutrition IPO listing date (expected) might be on Friday, Jun 12, 2026, and listing at the BSE and NSE.
The Hexagon Nutrition IPO price band is Rs. 42 to Rs. 45.
IPO Timetable (Tentative)
|
Events |
Date |
|
IPO Opening Date |
Jun 05, 2026 |
|
IPO Closing Date |
Jun 09, 2026 |
|
IPO Allotment Date |
Jun 10, 2026 |
|
Refund Initiation |
Jun 11, 2026 |
|
IPO Listing Date |
Jun 12, 2026 |
Industry Overview
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Company Financials
(Amount in Cr)
|
Particulars |
31 Mar 2025 |
31 Mar 2024 |
31 Mar 2023 |
|
Assets |
261.36 |
250.54 |
288.90 |
|
Total Income |
331.29 |
304.62 |
281.65 |
|
Profit After Tax |
24.38 |
12.21 |
5.82 |
|
EBITDA |
40.07 |
24.88 |
17.17 |
|
NET Worth |
195.60 |
176.29 |
163.84 |
|
Reserves |
183.89 |
164.51 |
152.30 |
|
Total Borrowing |
26.60 |
36.89 |
51.87 |
Cash Flows
(Amount in Mn)
|
Net Cash Flow |
31 Mar 2025 |
31 Mar 2024 |
31 Mar 2023 |
|
Net Cash Flow Operating Activities |
377.94 |
233.80 |
(0.01) |
|
Net Cash Flow Investing Activities |
(26.85) |
37.13 |
(187.04) |
|
Net Cash Flow Financing Activities |
(192.39) |
(191.27) |
69.86 |
Revenue Bifurcation
(Source: RHP)
The Objective of the Issue
The company shall not receive any proceeds from this offer. All offer proceeds shall go to selling shareholders.
Listed Peers of Hexagon Nutrition Ltd.
|
Name of Company |
Face Value (₹) |
Basic EPS (₹) |
PE Ratio (x) |
|
Zydus Wellness Limited |
2 |
10.90 |
46.22 |
|
Nestle India Limited |
1 |
16.63 |
88.86 |
Valuation
|
KPI |
Value |
|
ROE |
10.47% |
|
ROCE |
17.06% |
|
Debt/Equity |
0.14 |
|
RoNW |
12.46% |
|
PAT Margin |
7.36% |
|
EBITDA Margin |
12.33% |
|
Price to Book Value |
2.83 |
Evaluation of P/E Ratio
Considering the period ended on FY 2025 with an EPS of Rs. 1.75 from the last year, the resulting P/E ratio is 25.71x.
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IPO's Strengths
- Integrated Nutrition Solutions
- Strong Wellness & Clinical Nutrition Brands
- Robust R&D and Innovation Capabilities.
IPO's Weaknesses
- Facility Reconstruction Risk
- Quality & Compliance Risk
- Raw Material Supply & Price Risk.
Hexagon Nutrition IPO GMP (Grey Market Premium)
Hexagon Nutrition IPO GMP today has not started yet as of 27 May 2026 while writing this information.
Hexagon Nutrition IPO Summary
|
IPO Opening & Closing Date |
05 Jun, 2026 to 09 Jun, 2026 |
|
Face Value |
Rs. 1 per Share |
|
Issue Price |
Rs. 42 to Rs. 45 per Share. |
|
Lot Size |
333 Shares |
|
Issue Size |
3,08,59,704 Shares (Rs. 139 Cr) |
|
Offer for Sale |
3,08,59,704 Shares (Rs. 139 Cr) |
|
Fresh Issue |
- |
|
Listing at |
BSE, NSE |
|
Issue Type |
Bookbuild issue IPO |
|
Registrar |
Kfin Technologies Ltd. |
IPO Lot Details
|
Minimum Lot Investment (Retail) |
1 Lot |
|
Maximum Lot Investment (Retail) |
13 Lots |
|
HNI (Min) |
14 Lots |
Hexagon Nutrition IPO Allotment Status
To check the Hexagon Nutrition IPO Allotment Status, visit the official Registrar’s website or BSE website. Below are the website links for you.
Using BSE Website - BSE IPO allotment status
Promoters And Management of Hexagon Nutrition Ltd.
- Arun Purushottam Kelkar
- Subhash Purushottam Kelkar
- Vikram Arun Kelkar
- Nikhil Arun Kelkar.
|
Pre-Issue Promoter Shareholding |
89.41% |
|
Post-Issue Promoter Shareholding |
64.29% |
IPO Lead Managers
- Cumulative Capital Pvt. Ltd.
Dividend Policy
The company has paid a Dividend of Rs. 0.13 per Equity Share in the last financial year 2023.
Conclusion
Hexagon Nutrition IPO is a Mainboard book-built IPO of about Rs. 138.87 crore, opening on 5 June 2026 and closing on 9 June 2026, with a price band of Rs. 42–45 per share and expected listing on 12 June 2026 at BSE and NSE.
The company is a research-focused nutrition business making micronutrient premixes, clinical nutrition products, branded wellness products, MNPs, RUFs, and ready-to-eat foods, with manufacturing units in India and one international unit in Uzbekistan.
Financially, the company’s total income increased to Rs. 331.29 Cr in FY25, PAT rose to Rs. 24.38 Cr, Debt/Equity is low at 0.14, ROE is 10.47%, ROCE is 17.06%, and the IPO is entirely Offer for Sale, so the company will not receive any money from the issue.
Finowings IPO Analysis
Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO.
You must consult your financial advisor before making any financial decisions.
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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is only for educational purposes. Always discuss with your SEBI-registered financial advisor for investment-related decisions.
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