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Home IPOs Hexagon Nutrition Ltd
HE
Hexagon Nutrition Ltd
CLOSED NSE & BSE Bookbuilding IPO OFS only
GREY MARKET PREMIUM
₹ + 12
+27% expected return
EST. LISTING PRICE
₹57
Issue Price: ₹ 45
Issue Price
₹45
Face Value
₹1
Lot Size
333 shares
Open Date
05 Jun 2026
Close Date
09 Jun 2026
Allotment
10 Jun 2026
Listing Date
12 Jul 2026
Exchange
NSE & BSE
About the Company

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.

Objects of the Issue
Purpose Amount (₹ Cr)
Lead Managers
Cumulative Capital Pvt.Ltd Catalyst Capital Partners Pvt.Ltd
Financial Summary Amount in ₹ Crore
Metric 31 Dec 2025 31 Mar 2025 31 Mar 2024
Total Assets 328 261 251
Revenue 276 331 305
PAT 27 24 12
EBITDA 38 40 25
Net Worth 223 196 176
Reserves 211 184 165
Total Borrowing 40 27 37
Key Financial Ratios
ROE
13
ROCE
15
RONW
12
PAT Margin
10
EBITDA Margin
14
Debt/Equity
0
P/BV
2
Issue Details
Total Shares Offered
21,602,008
Reserved for Market Maker
Net Offer to Public
Pre-Issue Shareholding
122,918,109 shares
Post-Issue Shareholding
122,918,109 shares
Script Code
-
UPI Mandate
IPO Analytics Dashboard
LIVE
IPO Insights
📊
Valuation
Good
IPO Strength Score
6 / 10 Moderate
0–3 Weak 3–6 Moderate 6–8 Good 8–10 Strong
Category-wise Subscription Shares offered, bid & amount
Category Sub (x) Offered Bid For Amt (Cr)*
🏦 QIB 19.77 6,172,156 122,036,508 ₹2,777 Cr
💼 NII / HNI 161.49 4,628,956 747,541,377 ₹2,083 Cr
👤 Retail (RII) 26.85 10,800,896 290,035,674 ₹4,860 Cr
Σ Total 53.68 21,602,008 1,159,613,559 ₹9,721 Cr

* Amount calculated at upper price band (₹45) ·  ** Total includes all investor categories

Application Sizing Minimum investment by category
👤 Retail Investors ?
Min. Lots 1
Shares / Lot 333
Min. Investment ₹14,985
Valuation — EPS & P/E Pre & post-issue metrics
Pre-Issue EPS ?
₹ 2
Post-Issue EPS ?
₹ 3
Pre-Issue P/E ?
23 x
Post-Issue P/E ?
15 x
IPO Timeline & Key Dates
  1. 1 💳 Initiation of Refund 11 Jun 2026
  2. 2 📂 Credit of Shares to Demat 11 Jun 2026
  3. 3 🔒 Lock-in Period (30%) Fri, Jul 10, 2026
  4. 4 🔒 Lock-in Period (50%) Tue, Sep 8, 2026
Investor Interpretation
  • The IPO P/E of 15x reflects a good valuation relative to typical market ranges.
  • Pre-issue EPS of ₹2 compares to post-issue EPS of ₹3 after dilution.

This IPO has relatively lower interest or stretched valuation. Proceed with thorough research and caution.

Company Info
📍 404 Global Chamber Adarsh Nagar Link Road Andheri (W) Mumbai, Maharashtra, 400053
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Registrar
Kfin Technologies Ltd
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