Hexagon Nutrition IPO opens June 5: Price band fixed at Rs 42-45; check key details here

India’s growing nutrition and wellness sector is set to witness another major milestone as Hexagon Nutrition Limited announced the launch of its Initial Public Offering (IPO), opening on Friday, June 5, 2026. The company has fixed the price band between Rs 42 and Rs 45 per equity share, aiming to raise up to Rs 138.87 crore through an Offer for Sale (OFS) by existing shareholders.

The anchor investor bidding will take place a day earlier on Thursday, June 4, while the issue will close on Tuesday, June 9, 2026.

IPO Structure and Investment Details

Investors can bid for a minimum lot of 333 equity shares and in multiples thereafter. At the upper price band, a retail investor would need to invest approximately Rs 14,985 for one lot.

The IPO consists entirely of an Offer for Sale of up to 30.85 million equity shares by promoter and promoter-group shareholders, including Arun Purushottam Kelkar, Subhash Purushottam Kelkar, Aditya Kelkar, and Nutan Subhash Kelkar.

The company will be listed on both BSE Limited and National Stock Exchange of India Limited, with NSE serving as the designated stock exchange for the issue.

A Strong Player in India’s Nutrition Ecosystem
Hexagon Nutrition Limited has built a strong reputation as a research-driven nutrition company operating across multiple segments of the nutrition value chain. Its business spans:

• Branded wellness and clinical nutrition products (B2C)
• Customized vitamin and mineral premix formulations (B2B2C)
• Ready-to-Use Foods (RUFs)
• Micronutrient Powders (MNPs) for public health and ESG initiatives

The company is widely recognized as one of India’s largest premix manufacturers, supplying customized nutrition solutions to leading domestic and multinational FMCG companies. According to the CARE Report, Hexagon is also among the largest licensed suppliers of micronutrient powders under various United Nations programmes, contributing to food fortification and global nutrition initiatives.

Expanding Global Footprint
Hexagon Nutrition has steadily expanded its international presence through a network of 19 non-exclusive regional distributors across Latin America, Southeast Asia, Africa, and the Middle East.

To support its overseas operations, the company maintains offices in South Africa, Uzbekistan, and Hong Kong. Over the last three financial years, Hexagon’s products have reached customers in more than 75 countries, strengthening its position as a globally integrated nutrition company.

Allocation Structure of the IPO
The issue is being launched through the Book Building Process under SEBI ICDR Regulations.

Under the allocation structure:
Up to 50% of the issue is reserved for Qualified Institutional Buyers (QIBs)
Up to 60% of the QIB portion may be allocated to Anchor Investors
At least 15% is reserved for Non-Institutional Investors (NIIs)
A minimum of 35% is earmarked for Retail Individual Investors (RIIs)

Additionally, portions within institutional allocations have been specifically reserved for domestic mutual funds, life insurance companies, and pension funds, in line with SEBI norms.

Lead Managers to the Issue
The IPO is being managed by Cumulative Capital Private Limited and Catalyst Capital Partners Private Limited, acting as the Book Running Lead Managers (BRLMs).

With increasing global demand for nutrition, wellness, and food fortification solutions, market participants are expected to closely watch Hexagon Nutrition’s public market debut as the company looks to strengthen its visibility and investor base in the expanding health and nutrition industry.

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