Hexagon Nutrition Limited, a global research-oriented organization engaged in formulating Micronutrient Premix nutraceutical products, plans to raise ₹139 crores through an IPO.
[Fresh Issue NIL + OFS ₹139 Cr]
Hexagon nutrition ipo share price ₹42 – ₹45 per share.
Hexagon Nutrition: History
The Company was originally incorporated as Hexagon Chemoils Private Limited, a private limited company under the Companies Act, 1956, on May 27, 1993.
The Company was then converted into a public limited company on October 14, 2021, under a special resolution passed by the shareholders.
Its name was subsequently changed to Hexagon Nutrition Limited, and a fresh certificate of incorporation was issued by the RoC on November 15, 2021.
Hexagon Nutrition: Business
Hexagon Nutrition Ltd is a differentiated, research-oriented pure-play nutrition company.
According to the Giract Report, Hexagon Nutrition is the only holistic nutrition player that offers products across clinical products, micronutrient premixes, and therapeutic products.
The Company’s product addresses a broad spectrum of aspects, such as –
- Fortification of foods,
- Therapeutic nutrition,
- Clinical nutrition, and
- Alleviation of malnutrition.
Hexagon Nutrition is a fully integrated company engaged, right from product development to marketing, including research and development and manufacturing, with a focus on quality.
The Company exported its products to 70 countries, including South Africa, Malaysia, Ethiopia, France, French Polynesia, Ghana, Indonesia, Kenya, Madagascar, Mozambique, Papua New Guinea, Nigeria, Philippines, Qatar, Russia, the UAE, Angola, Mauritius, and Brazil.
Products Portfolio Classification
The B2C segment includes branded wellness and clinical products such as OBESIGO, PEDIAGOLD, and PENTASURE, and the recently launched NUTRONE.
The B2B2C segment focuses on customized vitamin and mineral premixes supplied to leading Indian and multinational FMCG companies for food fortification.
The ESG segment comprises Ready-to-Use Foods (RUFs) and Micronutrient Powders (MNPs).
R&D Team
The Company’s R&D team comprises 11 professionally qualified and experienced members and strives to identify and develop new applications, combinations, and dosages of active nutrients with beneficial health effects in order to increase our product portfolio.
Manufacturing Facilities
The Company has three (3) manufacturing facilities in Nasik (Maharashtra), Chennai (Tamil Nadu), and Thoothukudi (Tamil Nadu).
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Distribution Network
Over the years, the company’s distribution network has spread to around 25 regional distributors in Latin America, South East Asia, Africa, and the Middle East.
Hexagon has 3 international offices in Hong Kong, South Africa, and Uzbekistan.
Strategies Ahead
Emphasis on the branded nutrition product segment
Capitalising on growing nutritional awareness and requirements
International expansion by creating geographical footprints
Launch products in new therapy areas / new delivery systems
Company Promoters
- Arun Purushottam Kelkar,
- Subhash Purushottam Kelkar,
- Vikram Arun Kelkar,
- Aditya Kelkar,
- Nikhil Arun Kelkar.
Refer to Hexagon nutrition ipo DRHP for further details.
IPO Details
ipo date: 5 June – 9 June 2026
Minimum Amount: ₹14,985
Minimum Bid: 333 Shares
Face Value: INR 1 per share
Listing On: NSE, BSE
Financial
Book Running Lead Managers
Equirus Capital
SBI Capital Markets
CONCLUSION
Considering the nature of the business, financial performance, and the above-listed factors in mind, FinBlab recommends ‘SUBSCRIBE‘ ratings on Hexagon Nutrition Limited IPO.
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Disclaimer: This article is purely for informational purposes. While much time and effort is made to provide the information, I (Vishal Dalwadi) or (FinBlab) do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.