Hexagon Nutrition was incorporated on May 27, 1993. Hexagon Nutrition is a research-oriented pure-play nutrition company. The company offers products like clinical products, micronutrient premixes and therapeutic products. Their product portfolio addresses a broad spectrum of aspects such as fortification of foods, therapeutic nutrition, clinical nutrition and alleviation of malnutrition.
| Bidding Dates |
|---|
| 05 Jun 2026 - 09 Jun 2026 |
| Subscription |
|---|
| 53.68x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹13,986 | 1 | 13 | 333 | 30.9 M | ₹42 - ₹45 | 64.3 % | ₹1296.1 M - ₹1388.7 M | RHP DOC |
Hexagon Nutrition IPO SUBSCRIPTION STATUS
09 Jun '26Hexagon Nutrition IPO overall subscription rate was 53.68 times the total available shares
Hexagon Nutrition IPO retail subscription rate was 26.85 times in the retail segment
Hexagon Nutrition IPO non-institutional investor subscription rate was 161.49 times in the non-institutional investor category
Hexagon Nutrition IPO Qualified Institutional Bidder subscription rate was 19.77 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
09 Jun 2026 (Day 3) | 26.85x | 161.49x | 19.77x |
08 Jun 2026 (Day 2) | 6.22x | 6.7x | 0.17x |
05 Jun 2026 (Day 1) | 2.43x | 2.03x | - |
Hexagon Nutrition FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| 9MFY26 | 267.6 | 27.0 | -4.1 | -9.8 | 14.0% |
| FY25 | 324.9 | 24.4 | 37.8 | 28.3 | 12.3% |
| FY24 | 297.7 | 12.2 | 23.4 | 8.4 | 8.4% |
| FY23 | 278.5 | 5.8 | 0.0 | -6.4 | 6.2% |
Hexagon Nutrition IPO SUBSCRIPTION STATUS DETAILS
Hexagon Nutrition had 30.9 M shares on offer
Hexagon Nutrition IPO offer price was in the range ₹42 - ₹45
Hexagon Nutrition IPO minimum Investment was ₹13986
Hexagon Nutrition IPO issue size was ₹ 1296.1 M - ₹ 1388.7 M
Hexagon Nutrition had a minimum lot size of 333 Shares per application
Hexagon Nutrition NUMBER OF SHARES ON OFFER
Hexagon Nutrition IPO IMPORTANT DATES
| Issue Open Date | 05 Jun 2026 |
| Issue close Date | 09 Jun 2026 |
| Allotment Date | 10 Jun 2026 |
| Refund Date | 11 Jun 2026 |
| Demat Account Credit Date | 11 Jun 2026 |
| Listing Date | 12 Jun 2026 |
| Listing on Exchange(s) | NSE and BSE |
| Hexagon Nutrition Allotment Status | Exchange/ Registrar |
Hexagon Nutrition IPO subscription opened on 05 Jun 2026, and closed on 09 Jun 2026
IPO allotment for Hexagon Nutrition was finalized on Wednesday, 10 Jun 2026
IPO listing for Hexagon Nutrition was on NSE and BSE on Friday, 12 Jun 2026
Hexagon Nutrition IPO LISTING GAINS
| Issue Price (adjusted) | 45.0 |
| Listing Open Price | 48.3 |
| Listing Close Price | 50.7 |
| Listing Gain% | 7.2% |
| Current Gain% | 42.6% |
Hexagon Nutrition Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Hexagon Nutrition Ltd. | 64.2 | 788.4 | 20.8 | 0.4 | 2 | 16.3 | 11.9 | 394.6 | 19.1 | 37.9 | 55.6 | 3.1 | 55.6 |
| Nestle India Ltd. | 1540 | 296960.4 | 77.9 | 3.4 | 12.2 | 67.8 | 26.5 | 23195 | 14.5 | 3499.1 | 9.1 | 19.8 | 22.6 |
| Britannia Industries Ltd. | 5510 | 132718.4 | 51 | 2.7 | 6.8 | 49.6 | 26 | 19375.6 | 6.6 | 2533.5 | 16.3 | 108.1 | 18.7 |
| Hatsun Agro Products Ltd. | 941.1 | 20962.9 | 56.3 | 2.5 | 2 | 18.3 | 8 | 9972.9 | 14.8 | 356.2 | 24.8 | 16.7 | 22.9 |
| Zydus Wellness Ltd. | 533.8 | 16985 | 90.2 | -2.1 | 3.7 | 3.4 | 1.9 | 3967.4 | 45.7 | 197.2 | -43.2 | 5.9 | -42.5 |
| Bikaji Foods International Ltd. | 623.5 | 15633.4 | 60.5 | 2.2 | 5.1 | 16.1 | 11.5 | 3045.3 | 14.7 | 258.3 | 28.6 | 10.3 | 27.9 |
Hexagon Nutrition INFORMATION ON IPO ISSUE
About Hexagon Nutrition
Hexagon Nutrition was incorporated on May 27, 1993. Hexagon Nutrition is a research-oriented pure-play nutrition company. The company offers products like clinical products, micronutrient premixes and therapeutic products. Their product portfolio addresses a broad spectrum of aspects such as fortification of foods, therapeutic nutrition, clinical nutrition and alleviation of malnutrition.
Object of the Issue
- To carry out the offer for sale of up to 30,859,704 equity shares bearing face value of Rs 1 each by the selling shareholders
- To achieve the benefits of listing the equity shares on the stock exchanges
Hexagon Nutrition - PROMOTERS
| Name |
|---|
| Arun Purushottam Kelkar |
| Subhash Purushottam Kelkar |
| Vikram Arun Kelkar |
| Nikhil Arun Kelkar |
Hexagon Nutrition - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Arun Purushottam Kelkar | Chairman & Executive Director |
| Vikram Arun Kelkar | Managing Director |
| Nikhil Arun Kelkar | Joint Managing Director |
| Subhash Purushottam Kelkar | Executive Director |
| Aditya Kelkar | Non-Executive Director |
| Aparna Deepak Sakpal | Independent Director |
| Meena Bipinchandra Mehta | Independent Director |
| Nimesh Pratap Shukla | Independent Director |
| Keval M. Shah | Independent Director |
| Payal Yash Gaglani | Independent Director |
Hexagon Nutrition Book Running Lead Manager
Cumulative Capital Private Limited
hnl.ipo@cumulativecapital.group
Catalyst Capital Partners Private Limited
mb@catalystcapital.in
Hexagon Nutrition Registrar to the Offer
KFin Technologies Limited
hexagon.ipo@kfintech.com
Hexagon Nutrition Strengths
Customised micronutrient formulations
The company is a fully integrated, holistic nutrition provider and market leader in customised micronutrient formulations, offering products from premixes to therapeutic and clinical solutions. Its end-to-end operations from R&D and manufacturing to marketing enable consistent quality, food safety, and scalable solutions across preventive and therapeutic nutrition categories
Recognised brand
The company has developed in-house brands like PENTASURE, OBESIGO, and PEDIAGOLD for specialised therapy areas and operates globally across 70+ countries with three manufacturing facilities and two R&D centres in India. It is a leading premix provider in India and a major licensed supplier of micronutrient powders under UN programs, supporting food fortification and public health initiatives
Omnichannel distribution
The company has pan-India omnichannel distribution through retail pharmacies, hospitals, e-commerce, online pharmacies, and its own brand websites, with exports to over 20 countries. Its network includes 342+ distributors and a 157-member sales force reaching 15,000+ healthcare professionals, contributing ~6% of FY25 revenue via online sales
Hexagon Nutrition Risks
Counterfeit risks
The company faces risks from counterfeit and look-alike products, particularly in India, which may harm brand reputation, customer trust, and financial performance. Unauthorised replication of its proprietary formulations or branded products could undermine innovation, differentiation, and R&D investments
Non-compliance
The company’s operations are subject to evolving health, safety, and environmental laws regulating manufacturing, waste management, and emissions. Non-compliance or exceeding permitted discharge levels could result in liabilities, remediation costs, and penalties from the government or third parties
Confidentiality risks
The company maintains confidentiality over product recipes, formulations, pricing, and launch information to protect its competitive position. Any unauthorised disclosure, despite employee agreements, could undermine its market advantage and adversely impact business performance
IPO FAQs
This IPO consists of an offer for sale of up to Rs 138.9 crore, of 30,859,704 shares.
The promoters of the company are Arun Purushottam Kelkar, Subhash Purushottam Kelkar, Vikram Arun Kelkar and Nikhil Arun Kelkar.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 42.0 - 45.0.
The IPO application opens on Jun 05, 2026 and closes on Jun 09, 2026.
The minimum lot size for the IPO is 333. The maximum lot size for the IPO is 4329.
For all category investors, the minimum application amount for this IPO is Rs. 13,986.0, the maximum value for this IPO is Rs 194,805.0.
This IPO will be allotted on Jun 10, 2026.
The refund will be credited to your account on Jun 11, 2026.
The allotted shares will be credited to your demat on Jun 11, 2026.
Hexagon Nutrition Ltd.’s shares listed on the stock exchanges on Jun 12, 2026.