Hexagon Nutrition has launched its Initial Public Offering (IPO) on June 05, aiming to raise ₹138.87 crore from the market.
The issue is entirely an Offer for Sale (OFS) of 3.09 crore shares, meaning the proceeds will go to existing promoters and shareholders rather than the company itself.
The IPO price band has been set between ₹42 to ₹45 per share, and the issue will remain open until June 09.
IPO Timeline: Allotment and Listing Dates
Investors looking to participate in the IPO should keep these important dates in mind:
IPO closes: June 09
Allotment finalisation: June 10
Expected listing on NSE and BSE: June 12
If demand remains strong, the stock could see an active debut on listing day.
Strong Financial Growth Over the Years
Hexagon Nutrition has shown steady financial improvement in recent years.
In FY25, the company reported a net profit of ₹24.38 crore, which is a significant jump compared to ₹12.21 crore in FY24 and ₹5.82 crore in FY23.
The growth trend highlights improving profitability over time.
Revenue has also remained stable and growing:
FY23: ₹281.65 crore
FY24: ₹304.62 crore
FY25: ₹331.29 crore
Q3 FY26: ₹275.57 crore
In the latest quarter (Q3 FY26), the company posted a net profit of ₹27.03 crore.
For FY25, the company reported a Return on Equity (RoE) of 10.47%, while its debt-to-equity ratio stood at 2.83, indicating a relatively leveraged balance sheet.
IPO Investment Details: Lot Size and Cost
For retail investors, the minimum application size is one lot of 333 shares, which costs approximately ₹14,985 at the upper price band.
For larger investors, the structure is as follows:
Small NII: 14 lots (4,662 shares) worth ₹2.09 lakh
Big NII: 67 lots (22,311 shares) worth ₹10.03 lakh
This structure allows participation from both small and large investors.
Book Running and Company Details
The IPO is being managed by Cumulative Capital as the book-running lead manager, while KFIN Technologies is acting as the registrar.
Hexagon Nutrition is a research-focused nutrition company involved in:
Micronutrient premixes
Clinical and therapeutic nutrition
Branded wellness products
Ready-to-use food solutions
Founded in 1993, the company operates three manufacturing units in India located in Nashik, Chennai, and Thoothukudi, along with an international facility in Tashkent, Uzbekistan.
Its products are distributed through a strong PAN-India network covering pharmacies, hospitals, e-commerce platforms, and online channels. Popular brands include Pentasure, Obesigo, Pediagold, and Nutrone.
The Bottom Line
Hexagon Nutrition’s IPO brings steady financial growth and an established nutrition business to the market.
While the issue is an Offer for Sale, meaning no fresh capital is being raised for expansion, the company’s consistent performance and wide distribution network will be key factors for investors to watch during listing.
