Hexagon Nutrition is all set to launch an initial public offering (IPO) on June 5 to raise around Rs 140 crore from the primary market.
The Mumbai-based company develops, manufactures and markets a diverse portfolio of health and wellness products.
Before its launch, unlisted shares of Hexagon Nutrition were trading at Rs 57 in the private market, indicating a positive listing gain of over 25%.
Here’s what you need to know about Hexagon Nutrition’s mainboard issue.
hexagon nutrition ipo gmp today
The latest GMP for Hexagon Nutrition IPO was Rs 12 on June 5. The current gray market premium indicates a gain of 26.67% at the upper end of the IPO price band when the shares hit the market next week.
Note: GMP does not represent official data and is based on speculation. GMP data obtained from InvestorGain.
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Hexagon Nutrition IPO: Key Details
Hexagon Nutrition IPO is a book build issue of Rs 138.87 crore. This includes an offer for sale (OFS) of 3.09 crore shares.
The price band for the IPO has been set between Rs 42 and Rs 45 per share.
To participate in the IPO, retail investors will have to bid for a single lot size of 333 shares, which will require an investment of Rs 14,985. Small non-institutional investors will have to bid for 14 lots, amounting to Rs 2,09,790. Large non-institutional investors can participate in the IPO by bidding for a minimum of 67 lots. There will be an investment of Rs 10,03,995 in this.
Cumulative Capital Limited is the book-running lead manager and Kfin Technologies Limited is the registrar to the issue.
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Hexagon Nutrition IPO: Important dates
The subscription window for the IPO will be open from June 5 to June 9. The status of share allotment is expected to be finalized on June 10. The company will transfer shares to the demat accounts of successful bidders on June 11 and refunds for non-allottees will be made on the same day.
Hexagon Nutrition shares are scheduled to be listed on BSE and NSE on June 12.
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Hexagon Nutrition IPO: Use of proceeds
As stated in the Red Herring Prospectus (RHP), the objective of a public issue is to unlock the benefits of a stock exchange listing, improve the company’s profile among customers and investors and strengthen its foothold in the market. This will additionally provide an opportunity to existing shareholders to capture value from their investments.
About Hexagon Nutrition
Mumbai-based Hexagon Nutrition is a differentiated and research-oriented pure-play nutrition company offering clinical products, micronutrient premixes and therapeutic products since 1993.
Hexagon Nutrition sells its products across India and has exported to around 70 countries to meet the demand for holistic nutrition through micronutrient premix, fortified rice kernel (FRK); Clinical nutrition, and therapeutic nutrition. “Pantsure”, being their flagship category, is a leading name in the health, wellness and clinical nutrition sector and provides a complete source of nutrition for all age groups. Their manufacturing facilities are located at Nashik, Chennai and Thoothukudi (Tuticorin) and R&D facilities are located at Nashik and Chennai.
financial position
The company’s total income grew 8.8% year-on-year (YoY) from Rs 304.6 crore in FY24 to Rs 331.3 crore in FY25. Net profit grew by 99.8% to Rs 24.38 crore in FY20, up from Rs 12.2 crore recorded in the previous financial year.
Disclaimer: Investing in initial public offerings is subject to market risks. Please consult financial advisors and read the Red Herring Prospectus carefully before bidding.
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