Hexagon Nutrition IPO opens June 5: 10 key things to know before subscribing; check GMP today
The company, which aims to raise ₹139 crore from the issue, has fixed a price band of ₹42-45 per share. The IPO will be open from 5 June to 9 June.
Hexagon Nutrition IPO: The initial public offering (IPO) of Hexagon Nutrition is set to open for subscription tomorrow, Friday, 5 June and will close on Tuesday, 9 June. The company, which aims to raise ₹139 crore from the issue, has fixed a price band of ₹42-45 per share.
The issue will be the first mainboard IPO to hit Dalal Street in a month, with IPO activity remaining muted this year amid market uncertainty linked to the ongoing Middle East conflict.
Moreover, the IPO has not witnessed any grey market activity so far. According to investorgain.com, the grey market premium (GMP) is ₹0, indicating an expected listing around the issue price.
Here are the key details investors should know before subscribing to the issue:
Offer Structure: The IPO consists entirely of an offer for sale (OFS) of up to 30.86 million equity shares and does not include any fresh issue component.
Promoters Selling: Existing shareholders Arun Purushottam Kelkar, Subhash Purushottam Kelkar, Aditya Kelkar and Nutan Subhash Kelkar will dilute their holdings through the OFS.
Important Dates: The basis of allotment is expected to be finalised on June 10. The shares are scheduled to list on the BSE and NSE on June 12.
Lot Size: Investors can apply for a minimum of 333 shares. At the upper price band of ₹45 per share, the minimum investment works out to ₹14,985.
Issue Objective: Since the issue does not include a fresh issue of shares, Hexagon Nutrition will not receive any proceeds from the IPO.
Investor Allocation: The company has reserved 50% of the net issue for qualified institutional buyers (QIBs), 35% for retail investors and 15% for non-institutional investors (NIIs).
About the Company: Founded in 1993, Hexagon Nutrition is a research-focused nutrition company offering micronutrient premixes, therapeutic nutrition products and clinical nutrition solutions. The company provides exposure to India's growing nutrition, wellness and micronutrient market, although investors should carefully evaluate the risks highlighted in the Red Herring Prospectus (RHP).
Financials: For FY25, revenue from operations increased 9% year-on-year to ₹324.92 crore from ₹297.7 crore in FY24. Profit after tax (PAT) surged 99.5% to ₹24.3 crore from ₹12.2 crore a year earlier. Margin performance remained healthy at 12.33% in FY25, compared with 8.36% in FY24 and 6.17% in FY23.
Anchor Book: The anchor investor portion will open on June 4.
BRLMs: Cumulative Capital and Catalyst Capital Partners are the book-running lead managers for the issue, while KFin Technologies is acting as the registrar.
Disclaimer: This story is for educational purposes only. Please consult with an investment advisor before making any investment decisions.
About the Author
Pranati Deva is a seasoned financial journalist with over a decade of experience in high-pressure newsroom environments, currently working as a Senior Sub Editor at LiveMint. Over the years, she has developed a reputation for sharp editorial judgement, a strong grasp of market dynamics, and the ability to translate complex financial developments into clear, engaging stories for a wide audience. <br><br> Her core areas of coverage include stock markets, leading listed companies, currencies, and commodities, with a particular strength in fast-paced, real-time market reporting. She is known for handling breaking market news, earnings-driven stock movements, and macroeconomic developments with speed, accuracy, and context—qualities that are essential in financial journalism. <br><br> Pranati has built a diverse and credible professional track record across some of India’s most respected news organisations, including MintGenie, CNBC-TV18, Business Standard and EconomicTimes.com. During her stints at these platforms, she produced data-driven market stories, curated and steered live blogs during volatile trading sessions, and conducted interviews with market veterans, fund managers, economists, and industry experts. Her work often combines on-ground reporting with analytical depth, helping readers make sense of daily market fluctuations and longer-term trends. An alumnus of the Symbiosis Institute of Media and Communications and Hansraj College, University of Delhi, Pranati brings a strong academic foundation to her journalism. She specialises in real-time financial reporting, with a keen focus on precision, balance, and insight, aiming to decode market movements in a way that is both informative and accessible to readers across experience levels.
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