Issue Price
₹45
Per Share
GMP
+₹12
+26.67% Grey Market
Est. Listing
₹57
Expected Price
Min. Application
₹29,970
2 lots × 333 shares
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 initiativesHexagon 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.
Hexagon Nutrition Ltd proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| QIB (Ex Anchor) | 6,172,156 | — | ₹27.77 Cr | 19.77x |
| NII / HNI | 4,628,956 | — | ₹20.83 Cr | 161.49x |
| Retail (RII) | 10,800,896 | — | ₹48.60 Cr | 26.85x |
| TOTAL | 21,602,008 | 100.00% | ₹97.21 Cr | 53.68x |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 333 | ₹14,985 |
| Retail (Max) | 13 | 4,329 | ₹194,805 |
| sNII (Min) | 14 | 4,662 | ₹209,790 |
| bNII (Min) | 68 | 22,644 | ₹1,018,980 |
| Particulars | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue from Operations | 275.57 | 331.29 | 304.62 |
| EBITDA | 37.55 | 40.07 | 24.88 |
| Profit After Tax (PAT) | 27.03 | 24.38 | 12.21 |
| Net Worth | 223.05 | 195.60 | 176.29 |
| Total Assets | 327.60 | 261.36 | 250.54 |
| Reserves & Surplus | 210.92 | 183.89 | 164.51 |
| Total Borrowings | 39.79 | 26.60 | 36.89 |