Hexagon Nutrition Limited, a research-oriented pure-play nutrition company, made a decent start on the exchanges on Friday, 12 June 2026.

A reasonable listing was expected, as the company’s INR 139 Crore IPO received a 53.68 times subscription (according to the NSE data) during June 5 – 9.

The shares of Hexagon Nutrition were listed at INR 48.25 apiece on the National Stock Exchange (NSE), a premium of 7.20% compared to the IPO price band of INR 42 – INR 45.

On the Bombay Stock Exchange (BSE), the company’s shares were listed at INR 48 per share, representing a premium of 6.60%.

The Stock made an intra-day high of INR 50.66 and a low of INR 48.10 before closing at ₹50.66 (up 12.58%) on the NSE at the market’s close.

In terms of volumes, HEXAGON traded with 11,379,734 shares on the NSE.

Finblab.com view (at the time of IPO)

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4 June 2026

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).

Also Read – CMR Green Technologies IPO Review

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

1. Arun Purushottam Kelkar,
2. Subhash Purushottam Kelkar,
3. Vikram Arun Kelkar,
4. Aditya Kelkar,
5. 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.

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