Hexagon Nutrition IPO Opens June 5 | Price Rs 42-45

New Delhi, May 26 (PTI) Hexagon Nutrition, a pure-play nutrition company, has fixed a price band of Rs 42-45 per equity share for its Rs 139-crore initial public offering (IPO), which will open for subscription on June 5.

The public issue will conclude on June 9, while the bidding for anchor investors will open for a day on June 4, according to the red herring prospectus (RHP) filed on Monday.

The proposed IPO of the Mumbai-based company is entirely an offer-for-sale (OFS) of more than 3.08 crore equity shares by promoters.

Since the issue is completely an OFS, Hexagon Nutrition will not receive any proceeds from the public offer and the entire amount raised will go to the selling shareholders.

At the upper end of the price band, the IPO size is pegged at Rs 138.87 crore.


The company said the proposed listing of its shares on the stock exchanges is expected to enhance visibility, improve brand image and provide liquidity to shareholders.

Founded in 1993, Hexagon Nutrition began operations as a micro-nutrient formulations player and later expanded into branded nutrition products.

Its portfolio brands include Pentasure, Obesigo and Pediagold in the health, wellness and clinical nutrition space. The company also has presence across 75 countries.

On the financial front, Hexagon Nutrition reported a total income of Rs 331.28 crore and profit after tax of Rs 24.38 crore for FY25.

The company's shares are proposed to be listed on the BSE and the National Stock Exchange (NSE), with a tentative listing date of June 12.

Cumulative Capital Pvt Ltd and Catalyst Capital Partners are the book-running lead managers for the IPO.