Hexagon Nutrition IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Aug 30, 2023An IPO elaborately called as Initial Public Offering is a public offering made by a company to the general public to raise funds for its operations and in return the investors becomes the shareholders of the company.
In an IPO, the public invests their money in the company and in return receives shares which are the units in which the capital of the company is divided.
In this article, we will take you through all the details with respect to the Hexagon Nutrition IPO. And this Hexagon Nutrition IPO Review will help you understand the essential elements better.
| Face Value | Rs 1 |
| Price Band | Not Disclosed |
| Listing At | BSE, NSE |
| Min. Order Quantity | Not Disclosed |
| Listing Date | Not Disclosed |
| Offer for Sale | Rs.NA |
| Fresh Issue | Rs.100 Crore |
| IPO Size | Rs.NA |
| Tick Size | 1 |
Hexagon Nutrition IPO Overview
The research oriented company proffering a wide array of products for micronutrients, malnutrition Hexagon Nutrition is gearing up to garner funds worth Rs 600 crores from the general public with its upcoming Hexagon Nutrition IPO.
The company serves its products in the domestic market as well in the international market.
The company is very dedicated towards catering situations like malnutrition amongst children and in the same direction offers variety of offerings as a solution.
Hexagon Nutrition IPO Important Dates
| Events | Date |
| IPO Opening Date | Not Disclosed |
| IPO Closing Date | Not Disclosed |
| Basis of Allotment Finalization | Not Disclosed |
| Refunds Initiation | Not Disclosed |
| Credit of Shares to Demat Account | Not Disclosed |
| Share Listing Date | Not Disclosed |
Hexagon Nutrition has filed the preliminary paper with the regulatory body SEBI in pursuance of its IPO in December 2021.
In pursuance of the proposed IPO, the company has converted itself to a public company and accordingly has changed its name from Hexagon Nutrition Private Limited to Hexagon Nutrition Limited.
The opening and closing Hexagon Nutrition IPO Dates will be updated as soon as the company obtains the approval from SEBI.
Hexagon Nutrition IPO Price, Size, Share Offerings
| Face Value | Rs.1 |
| Price Band | Not Disclosed |
| Offer for Sale | Rs.NA |
| Fresh Issue | Rs. 100 Crore |
| IPO Size | Rs.NA |
As per the reports, the issue will range in between Rs 500 – 600 crores where the company is proposing a fresh issue worth Rs. 100 crores and an Offer for Sale of about 3,01,13,918 Equity Shares.
The face value of the offered shares is Rs. 1. The Hexagon Nutrition IPO Price and Hexagon Nutrition IPO Size will be determined with the Book Building Process in consultation with the BRLMs.
With the Offer for Sale, the following will be divesting their shares in the IPO, namely,
- Up to 77 lakh shares by Arun Purushottam Kelkar
- Up to 61.36 lakh shares by Subhash Purushottam Kelkar
- Up to 15 lakh shares by Anuradha Arun Kelkar
- Up to 25 lakh shares by Nutan Subhash Kelkar
- Up to 1.22 crore shares by Somerset Indus Healthcare Fund I Ltd
- Up to 73,668 shares by Mayur Sirdesai.
Hexagon Nutrition IPO Grey Market Premium
| Date | GMP (Rs.) | Kostak Rate (Rs.) | Subject to Sauda (Rs.) |
| 1 May 2022 | NA | NA | NA |
| 30 April 2022 | NA | NA | NA |
| 28 April 2022 | NA | NA | NA |
| 23 April 2022 | NA | NA | NA |
| 21 April 2022 | NA | NA | NA |
| 20 April 2022 | NA | NA | NA |
Grey Market in respect of the Hexagon Nutrition IPO GMP is not live yet. The company is preparing the IPO and making the arrangement for its success. The information about the Grey Market Premium will be updated shortly.
Grey Market helps in estimating the price at which the shares are likely to be listed on the stock exchanges. Also, it is credible to note that the Grey Market is a non-regulated and unofficial market.
Hexagon Nutrition IPO Subscription Status
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – | ||||
| 2nd Day – | ||||
| 3rd Day – | ||||
| Shares Offered or Net Issue |
Hexagon Nutrition IPO Subscription details will be made available shortly.
Subscription is the process where the interested investors can place their bids for the allotment of shares. The likely circumstances of subscription are over subscription and under subscription.
In over subscription, the company receives more applications from the public than the shares offered to the public for subscription. This usually happens when the company’s operations are highly successful in the market.
On the other hand, under subscription is a situation where the company receives less applications for the offered shares.
The Lead Managers of the issue are:
- Equirus Capital Private Limited
- SBI Capital Markets Limited
The details in respect of the price band and subscription will be made available in a short time.
Hexagon Nutrition IPO Allotment Status
Allotment is the stage of crediting the allotted in the accounts of investors. Hexagon Nutrition IPO Allotment will be determined after the IPO will be open for bids.
Kfin Technologies Private Limited is the registrar of the issue proposed by Hexagon Nutrition. The lead manager to the issue is Equirus Capital Private Limited and SBI Capital Markets Limited
Hexagon Nutrition IPO Live Performance
Click on the given below link and check out the performance of the live Hexagon Nutrition IPO Share Price. Stay updated with all the necessary information.
Subscribe to Hexagon Nutrition IPO – Open Free Demat Account Now!
Latest Hexagon Nutrition IPO News
In execution of the Hexagon Nutrition IPO, the company has filed its DRHP with SEBI for seeking its approval and float the IPO.
The IPO will comprise of both a fresh issue of Rs. 100 crores and an Offer for Sale of 3,01,13,918 Equity Shares.
Hexagon Nutrition – Company Review
Hexagon Nutrition laid its foundation in the year 1991 as Hexagon Chemoils Private Limited towards a mission of defying malnutrition spread across the globe.
It has developed products with its intense and sustained research which supports the well-being of many. Hexagon Nutrition caters the needs of the domestic market and the international market.
The operations of the entity are spread globally in over 70 countries presently.
What started as an idea, as an aspiration, has now become a holistic nutrition entity which has propounded vide variety products such as clinical products, Micronutrient premixes and Therapeutic products.
Products or Services
The research oriented organization Hexagon Nutrition offers an extensive diversified product portfolio for resolving issues concerning malnutrition. Their product variety includes Micronutrient mix, Malnutrition products, Clinical nutrition, FRK, Animal Nutrition and Flour Enzymes.
The company’s production base are situated in Nasik, Chennai, and Thoothukkudi. The company supplies its products to prominent entities like Dabur, Amul, Veeba Food Services, Dukes Consumer care and so on.
The distribution channel of Hexagon Nutrition are across the globe.
Promoters and Holding
The founders of the Gurugram based company, Hexagon Nutrition are ARUN PURUSHOTTAM KELKAR, SUBHASH PURUSHOTTAM KELKAR, VIKRAM ARUN KELKAR AND DR. NIKHIL ARUN KELKAR
The company is professionally managed and does not have any identifiable promoters. The management of Hexagon Nutrition comprises of the following:
- Arun Purushottam Kelkar holds the position of Chairman and Executive Director
- Subhash Purushottam Kelkar holds the position of Executive Director
- Vikram Arun Kelkar holds the position of Managing Director
- Nikhil Arun Kelkar holds the position of Joint Managing Director
- Aditya Subhash Kelkar holds the position of Executive Director
- Guman Mal Jain holds the position of Chief financial officer
Is Hexagon Nutrition good for Investment?
The company is undisputedly striving hard towards making a significant impact in our lives.
Hexagon Nutrition offers products which saves life, and are is involved in continuous research and development for creating products which can help more.
Hexagon Nutrition has been in operations for decades and is serving its customers dedicatedly. The entity maintains strict quality observance mechanism to ensure the production of best of best products.
Hexagon Nutrition Financial Statements
| Amount (in INR & Million) | ||||
| 30-Sept-21 | 31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Assets | 2,284.19 | 2,135.62 | 2,021.36 | 1,915.72 |
| Revenue | 1,269.22 | 2,154.35 | 2,108.26 | 2,359.02 |
| Expense | 1,067.14 | 1,861.92 | 1,864.60 | 2,161.53 |
| Profit After Tax | 152.09 | 228.61 | 185.67 | 148.25 |
The company is a profit making entity and has recorded a total revenue for the third quarter of the year 2021 of Rs. 126.92 with its profit for the same duration standing at Rs.15.21.
Its current EPS is Rs. 1.24. Its profit for the financial year 2019, 2020 and 2021 are Rs. 14.82 crores, Rs. 18.57 crores and Rs. 22.86 crores respectively.
The company’s EBITDA Margin has also evidenced a rise 16.38% to 18.73% in the year 2021 itself. Hexagon Nutrition has a strong distribution channel domestically and internationally.
| Earnings per Equity Share (in Million) | ||||
| 30-Sept-21 | 31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Basic | 1.38 | 2.07 | 1.68 | 1.34 |
| Diluted | 1.24 | 1.86 | 1.51 | 1.21 |
Hexagon Nutrition IPO Review
As per the standings of the company, the IPO may turn out to be a prosperous step for the company. The company is maintaining a well-established goodwill in the market and has emerged as the only holistic nutrition company.
As for the investors, they shall invest in the entity after considering the viability of its products. Observing the operations, the company is continually diversifying its product portfolio and is encompassing its reach.
Though majorly the objects of the issue are to be outstanding debts and maintaining its sustained operations, the causes which it serves are appreciable.
Hexagon Nutrition IPO Details
Here are few more details you need to know before investing in Hexagon Nutrition IPO –
Hexagon Nutrition IPO Issue Object
Hexagon Nutrition has proposed diverse objectives for making the IPO offer and some of the objectives are:
- Funding organic growth initiatives
- Expanding Network Structures
- Building scales in existing business lines and developing new adjacent business lines
- Upgrading Logistics Operating System
- And for other corporate purposes
Hexagon Nutrition IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Pioneer in micronutrient premix formulations business in the South Asia and the market leader in customised premix formulations in India;
- We have leading brands in wellness and clinical nutrition
- Long standing relationships with marquee clients leading to recurring revenues and repeat orders
- Strong R&D capabilities with focus on innovation
- Extensive manufacturing capabilities of products with stringent quality and food safety procedures
- Well established pan India omnichannel distribution with presence across various geographies
- Professional turned entrepreneur promoters with experienced management team and backed by a reputed institutional investor; and
- Track record of growth in financial performance
Quantitative factors are:
| Basic EPS | Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 2.07 | 1.86 | 16.56 | 11.24 |
| 31-Mar-20 | 1.68 | 1.51 | 15.90 | – |
| Mar-19 | 1.34 | 1.21 | 14.94 | – |
Hexagon Nutrition IPO Lead Managers
Here are the list of Lead managers –
- Equirus Capital Private Limited
- SBI Capital Markets Limited
Hexagon Nutrition IPO Registrar to offer
Check out the details of registrar here –
Kfin Technologies Private Limited
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222
E-mail: hnl.ipo@kfintech.com
Website: www.kfintech.com
Investor Grievance e-mail: einward.ris@kfintech.com
Contact Person: M. Murali Krishna
SEBI Registration Number: INR000000221
Hexagon Nutrition IPO – Other Details
- Statutory Auditor – Bhuwania & Agrawal Associates
- Legal Counsel to the Company – M/s. Crawford Bayley and Co.
- Bankers to the Company – Citibank NA, HDFC Bank Limited and Union Bank of India
Hexagon Nutrition IPO Verdict by Stock Brokers
Angel One: The company experienced some hiccups concerning export sales. However, sales picked up in 2020 due to increased awareness about eating healthy.
Since 30 September 2021, this company has experienced a positive cash flow of Rs. 4.45 crores.
Hexagon Nutrition IPO – Conclusion
The company is delivering positive results in terms of its products and financial status. The IPO might be a good opportunity for investors to invest.
To Subscribe to Hexagon Nutrition IPO – Open Demat Account Now!
Hexagon Nutrition IPO Review FAQs
Check out the FAQs on Hexagon Nutrition IPO –
What is the Issue Size of Hexagon Nutrition IPO?
The Company is making an initial public offer of NA equity shares. They vividly portray the aspects of the issue in this article.
You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Hexagon Nutrition IPO?
The price band for this particular IPO ranges between NA. As far as the face value of the share is of concern, it is Rs.1 per share.
What is the Hexagon Nutrition IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.
What is the Hexagon Nutrition IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO.
Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.
What is the Hexagon Nutrition IPO Listing Date?
Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.
Who is the Registrar of Hexagon Nutrition IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. Kfin Technologies Private Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Hexagon Nutrition IPO?
Here are the promoters of this IPO – ARUN PURUSHOTTAM KELKAR, SUBHASH PURUSHOTTAM KELKAR, VIKRAM ARUN KELKAR AND DR. NIKHIL ARUN KELKAR. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Hexagon Nutrition IPO?
They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Is Hexagon Nutrition IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years.
You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Hexagon Nutrition Company?
They have the information of company financials, and according to that, they have the figures from the last few years to provide.
PAT for the financial year 2021 in Million is 228.61, 2020 is 185.67, 2019 is 148.25. PAT from Sept 2021 is 152.09.
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