Hexagon Nutrition IPO Details: Opening Date, Closing Date, Price

Hexagon Nutrition IPO is coming soon. SEBI has approved Hexagon Nutrition Ltd’s DRHP to raise up to Rs.600 crore. In December 2021, the business submitted a draught prospectus. According to the company’s draught red herring prospectus, Hexagon Nutrition IPO will include a fresh issue of shares worth Rs.100 crore and an offer for sale (OFS) of up to 30,113,918 equity shares (DRHP).

Arun Purushottam Kelkar is selling around 77 lakh shares, Subhash Purushottam Kelkar is selling 61.36 shares, Anuradha Arun Kelkar is selling 15 lakh shares, Nutan Subhash Kelkar is selling around 25 lakh shares and 1.22 crore shares, and Somerset Indus Healthcare Fund I Ltd and Mayur Sirdesai are selling 73,668 shares each.

Hexagon Nutrition IPO
Hexagon Nutrition IPO

Hexagon Nutrition IPO Details: Date, Price Band, Lot Size, Issue Size

Opening DateTo be announced
Close DateTo be announced
Price BandTo be announced
Lot SizeTo be announced
Issue Size (Rs. Cr.)To be announced
Face ValueRs. 1 Per Equity Share
Issue TypeBook Built Issue IPO
Exchange BoardBSE, NSE
Fresh Issue– Eq Shares of Rs.1 (aggregating up to Rs. 100.00 Cr
Offer for Sale30,113,918 Eq Shares of Rs.1 (aggregating up to Rs – Cr)

Strengths of Hexagon Nutrition IPO

  1. Over the last 28 years of business, the company has built a long-term relationship with its major investors. This has resulted in recurring orders and a consistent revenue stream.
  2. They place a great emphasis on innovation and have two in-house R&D centres in Chennai and Nashik, as well as 11 highly qualified researchers on staff.
  3. Hexagon has a well-established omnichannel distribution network in India and is available in a variety of areas.

Risk factors with Hexagon Nutrition IPO

  1. Repayment and/or prepayment of certain borrowings of our Company and two of our subsidiaries, HNEPL and HNIPL, in full and/or in part.
  2. Funding our company’s additional working capital requirements.
  3. Funding capital expenditures for the expansion of our current Nashik facility.
  4. Investment in HNIPL, a subsidiary of ours, to fund capital expenditures at our existing facility in Thoothukudi.
Promoters of Hexagon Nutrition IPO

Arun Purushottam Kelkar, Subhash Purushottam Kelkar, Vikram Arun Kelkar and Dr. Nikhil Arun Kelkar are the company promoters.

Hexagon Nutrition IPO Allotment Date & Listing Date

Basis of Allotment DateTo be announced
Initiation of RefundsTo be announced
The credit of Shares to Demat AccountTo be announced
FPO Listing DateTo be announced

About Hexagon Nutrition Ltd.

Hexagon Nutrition Ltd was founded in 1993 by Arun and Subash Kelkar as a micronutrient formulations company, but it has since progressed up the value chain to develop brands such as “Pentasure,” “Obesigo,” and “Pediagold,” all of which are household names in the health, wellness, and clinical nutrition space. It is the only holistic nutrition company that sells clinical supplements, micronutrient premixes, and therapeutic supplements. Food fortification, therapeutic nutrition, clinical nutrition, and malnutrition reduction are all part of the company’s product line.

Hexagon Nutrition Limited focuses on holistic nutrition goods comprising a wide range of nutritional and nutrition improving items, and sells its products in around 70 countries from its three plants in Nasik, Chennai, and Thoothukkudi. Micronutrient Premixes, Malnutrition Products, Clinical Nutrition Products, Fortified Rice Kennels, Animal Nutrition Products, and Flour Enzymes are all manufactured and sold by Hexagon Nutrition Limited. Food fortification, therapeutic nutrition, clinical nutrition, and malnutrition reduction are all part of the company’s product line.

The Mumbai-based company continued to leverage its ability to implement new product launches and/or introduction of products such as Penta Sure Fiber, Carboload, and Penta Sure Whey Protein Max in the branded nutrition product category in order to grow and diversify its business in the last three fiscal years.

It faces competition from a variety of domestic and multinational companies in its branded nutrition products (B2C) such as Abbott Healthcare Private Limited, Nestle Health Science, Zydus Wellness, Fresenius Kabi, and Premix Formulations (B2B) such as DSM NV, Piramal Enterprises, and PD Navkar Bio-Chem Pvt. Ltd.

Hexagon Nutrition IPO FAQs

What is Hexagon Nutrition IPO?

Hexagon Nutrition IPO is a 30,113,918 equity shares of the face value of Rs.1 aggregating up to (not announced) Crores. The issue is priced at (not announced) to (not announced) per equity share. The minimum order quantity is not announced.

Hexagon Nutrition IPO open and close dates are not available as of now. KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

When Hexagon Nutrition IPO will open?

Hexagon Nutrition IPO dates are not announced. Please check back again after some time.

What is the lot size of Hexagon Nutrition IPO?

Hexagon Nutrition IPO dates are not announced. Please check back again after some time. Hexagon Nutrition IPO lot size and the minimum order quantity are not available at this time. Please check again.

How to apply for Hexagon Nutrition IPO?

You can apply in Hexagon Nutrition IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services.

When is the Hexagon Nutrition IPO listing date?

Hexagon Nutrition IPO listing date is not yet announced. The tentative date of the Hexagon Nutrition IPO listing is (not announced).

When is Hexagon Nutrition IPO allotment?

The finalization of Basis of Allotment for Hexagon Nutrition IPO will be done on (not announced), and the allotted shares will be credited to your Demat Account by (not announced).