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Let’s have a detailed review of the company and analytics of the Hexagon Nutrition IPO release date, IPO offer price, subscription, Hexagon Nutrition Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.

Face ValueRs 1
Price BandRs [●]
Listing AtBSE, NSE
Min. Order QuantityNA
Listing DateNA
Offer for SaleRs Million
Fresh IssueRs 1000 Million
IPO SizeRs Million
Tick Size1

Hexagon Nutrition IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.


Hexagon Nutrition IPO – Summary

Hexagon Nutrition IPOThey are a differentiated and research-oriented pure-play nutrition company. They are the only holistic nutrition player that offers products across clinical products, micronutrient premises, and therapeutic products.

Hexagon Nutrition focuses on holistic nutrition products encompassing a wide range of nutritional and nutrition enhancing products. Their product portfolio addresses a broad spectrum of aspects such as fortification of foods, therapeutic nutrition, clinical nutrition, and alleviation of malnutrition.

The Promoter of this company is ARUN PURUSHOTTAM KELKAR, SUBHASH PURUSHOTTAM KELKAR, VIKRAM ARUN KELKAR AND DR. NIKHIL ARUN KELKAR. The lead manager to the issue is Equirus Capital Private Limited and SBI Capital Markets Limited, and the Registrar to this issue is Kfin Technologies Private Limited.


Hexagon Nutrition IPO Date

The opening and the closing date of the Hexagon Nutrition IPO are not available yet.

Check out Related IPO Links:

Hexagon Nutrition IPO GMP
Allotment – Hexagon Nutrition IPO

Hexagon Nutrition IPO Subscription

Day / DateQIBNIIRIITotal Subscription
1st Day – 
2nd Day –  
3rd Day – 
Shares Offered or Net Issue

The shares subscribed by the public will be updated here.

Check Hexagon Nutrition IPO LIVE Subscription

  • Hexagon Nutrition IPO LIVE Bid details on BSE
  • Hexagon Nutrition IPO LIVE Bid details on NSE

For the Latest Bid details click on the above links.


Hexagon Nutrition IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

Hexagon Nutrition Limited IPO Listing Date

Find the dates below on basis of allotment, refund, listing, and more:

Basis of Allotment Finalization
Refunds Initiation
Credit of Shares to Demat Account
Share Listing Date

Hexagon Nutrition IPO Price

The face value of each share is Rs.1, but the price band of the IPO is Rs.[●] 


Hexagon Nutrition IPO Size

This Initial Public Issue of X Equity Shares of Rs.1 each for cash at a price of Rs.[●]  per equity share aggregating to Rs.[●] Million.


Hexagon Nutrition IPO Share Offering

Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.1/ each.

Issue Size: X Equity Shares of Rs.1 each, aggregating to Rs.[●] Million


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    Hexagon Nutrition IPO – Live Performance

    The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.

    Live IPO Performance – Hexagon Nutrition Share Price

    Hexagon Nutrition IPO Grey Market Premium

    The Hexagon Nutrition Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


    Hexagon Nutrition IPO – Company Overview

    They are a fully integrated company engaged, right from product development to marketing including research and development and manufacturing, with a focus on quality.

    Having started their business in 1993 as a micro-nutrient formulations player, they have moved up the value chain to develop their brands “PENTASURE”, “OBESIGO”, and “PEDIAGOLD” which are leading names in the health, wellness, and clinical nutrition space. They have a presence across India and their products have been exported to around 70 countries.

    They offer branded wellness and clinical nutrition products encompassing daily nutritional requirements across demographies from pediatric to geriatric nutrition. Additionally, the products in this segment also address nutritional deficiency for chronic as well as nonchronic ailments.

    They are the largest premix player in India and one of the top ten players globally that offer customized micronutrient formulation in the form of vitamin and mineral premixes that are supplied to Indian and multi-national FMCG players for fortification of consumer products.


    Hexagon Nutrition IPO – Financial Statements

    A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:

    Financial Summary:

    Amount (in INR & Million)
    30-Sep-2131-Mar-2131-Mar-20Mar-19
    Total Assets2,284.192,135.622,021.361,915.72
    *Total Revenue1,269.222,154.352,108.262,359.02
    Total Expense1,067.141,861.921,864.602,161.53
    Profit After Tax152.09228.61185.67148.25

    Earnings per Equity Share (in Million)

    30-Sep-2131-Mar-2131-Mar-20Mar-19
    Basic 1.382.071.681.34
    Diluted1.241.861.511.21

     

    Further, their PAT for the period ended on March 31, 2021, March 31, 2020, and March 31, 2019, were Rs. 228.61 Million, Rs. 185.67 Million, and Rs. 148.25 Million respectively.


    Hexagon Nutrition IPO – Promoters

    The Promoter of this company is:

    1. ARUN PURUSHOTTAM KELKAR,
    2. SUBHASH PURUSHOTTAM KELKAR,
    3. VIKRAM ARUN KELKAR
    4. DR. NIKHIL ARUN KELKAR

    List of Related Parties (Key Managerial Personnel)

    • Arun Purushottam Kelkar, Chairman, and Executive Director
    • Subhash Purushottam Kelkar, Executive Director
    • Vikram Arun Kelkar, Managing Director
    • Nikhil Arun Kelkar, Joint Managing Director
    • Aditya Subhash Kelkar, Executive Director
    • Chandra Prakash Jain, Independent Director

    Hexagon Nutrition IPO – Promoters Holding

    • Pre Issue Share Holding – %
    • Pos Issue Share Holding – %

    Hexagon Nutrition IPO Offer Details or Issue Details

     Particulars No. Of Equity Shares
     Equity Shares Offered Up to X Equity Shares aggregating up to Rs.[●] Million
    of which:
    Issue Reserved for the Market MakersUp to [●] Equity Shares aggregating up to Rs.[●]
    Million
    Net Issue to the PublicUp to [●] Equity Shares aggregating up to Rs.[●]
    Million
    Of which:
    Retail Investors Portion Not less than [●] Equity Shares
    Other than Retail Individual InvestorsNot more than [●] Equity Shares
     Equity Shares outstanding prior to the Issue110,502,404 Equity Shares
     Equity Shares outstanding after the IssueX Equity Shares

    Hexagon Nutrition IPO Issue Object

    Their Company proposes to utilize the Net Proceeds towards funding the following objects:

    1. Repayment and/or pre-payment, in full and/or part, of certain borrowings of their Company and two of their Subsidiaries viz. HNEPL and HNIPL
    2. Funding the incremental working capital requirements of their Company
    3. Funding capital expenditure requirements towards expanding their existing facility at Nashik
    4. Investment in their Subsidiary, HNIPL for financing capital expenditure requirements at their existing facility
    at Thoothukudi; and
    5. General corporate purposes.

    Hexagon Nutrition IPO – Business Strategy

    • Further, enhance emphasis on branded nutrition product segment
    • Capitalizing on growing nutritional awareness and requirements post Covid-19
    • International expansion by creating geographical footprints
    • Launch products in new therapy areas/ new delivery systems

    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 South Asia and the market leader in customized premix formulations in India;
    • They 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 a 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 the experienced management team and backed by a reputed institutional investor; and
    • Track record of growth in financial performance

    The relevant quantitative factors are:

    Basic EPSDiluted EPS
    RONW (%)NAV (Rs.)
    31-Mar-212.071.8616.5611.24
    31-Mar-201.681.5115.90
    Mar-191.341.2114.94

    Hexagon Nutrition IPO: Competitive Peers

    Face Value (Rs.)P/EEPS  (Rs.)Return on Net Worth (%)Total Income (Rs. in Millions)
    Hexagon Nutrition Limited1[●]2.0716.562,154.35
    Listed Peers
    Zydus Wellness
    Limited
    1099.2619.552.6018,756.10
    Nestle India
    Limited
    1087.89215.98103.121,34,958.80
    Dabur India
    Limited
    160.629.5822.1098,869.40
    Britannia
    Industries
    Limited
    146.3777.4352.54134,490.10

    Hexagon Nutrition IPO Lead Managers

    Lead Managers

    Equirus Capital Private Limited

    SBI Capital Markets Limited

    Hexagon Nutrition IPO Registrar to offer

    Registrar to the Offer
    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 & Agarwal Associates, Chartered Accountants
    • 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 Review by Stock Brokers

    Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
    Angel Broking7.5/107.4/108.5/108.1/107.1/10
    Sharekhan7.2/107.1/108.6/108.1/107.2/10
    Kotak Securities7.3/107.5/108.4/108.1/107.3/10
    ICICI Direct7.3/107.3/108.7/108.1/107.1/10
    IIFL7.5/107.2/108.8/108.0/107.1/10
    Edelweiss7.5/107.4/108.4/108.3/107.2/10
    Zerodha7.4/107.1/108.5/108.1/107.0/10
    5Paisa7.1/107.1/108.4/108.1/107.1/10
    Karvy7.4/107.3/108.2/108.1/107.1/10
    Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

     


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      Hexagon Nutrition Limited IPO News

      News 1 – IPO DRHP Download

      News 2 – IPO RHP Prospectus Download


      Hexagon Nutrition IPO Review FAQs

      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 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 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 – NA. 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 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 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 Sep 2021 is 152.09.


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