Summary of this article
Public issue closes with massive 53.67 times subscription.
NII category shows highest interest booking 160.46 times.
Net profit doubled to 24.38 crore in FY25.
The bidding window for Hexagon Nutrition’s initial public offering (IPO) is scheduled to close on June 9, 2026. The public issue saw robust demand on its final day of bidding.
The company’s book-built issue received bids for over 1.16 billion shares against the 21.60 million shares offered for subscription, leading to the overall issue being booked 53.67 times by the end of the final day.
Hexagon Nutrition IPO GMP
Hexagon Nutrition shares are commanding a grey market premium (GMP) ranging between Rs 2.50 and Rs 12 per share, according to several websites which track the movement of unlisted shares. The shares are expected to make a modest debut with a premium of over 5.56 per cent at Rs 47.5 per share.
Hexagon Nutrition IPO: Subscription on Day 3
Retail individual investors (RIIs) oversubscribed their quota in the IPO 26.83 times on the final day of bidding, applying for over 289.80 million shares compared to the 10.80 million shares reserved for the category. Non institutional investors (NIIs) showed massive interest, applying for over 747.47 million shares against the 4.62 million shares set aside for them, leading to the issue being booked 160.46 times in the category. Qualified institutional buyers (QIBs) applied for 122.03 million shares against the 6.17 million shares set aside for their category, booking their portion 19.77 times.
Hexagon Nutrition IPO: Offer Size and Price Band
Hexagon Nutrition seeks to raise Rs 138.87 crore through the public issue consisting entirely of an offer for sale (OFS) of 30.90 million shares. The Hexagon Nutrition IPO price band was fixed at Rs 42-45 per share.
Hexagon Nutrition IPO: Lot Size and Minimum Investment
Retail investors had to place bids for a minimum of 333 shares, aggregating to an investment of Rs 14,985 at the upper edge of the price band. The minimum lot size for small non institutional investors (sNIIs) was 14 lots or 4,662 shares, amounting to an investment of Rs 2,09,790.
Hexagon Nutrition IPO: Subscription Window, Listing Date, Allotment Date
The Hexagon Nutrition IPO bidding window opened on June 5, and closed on June 9. The share allotment status will be announced on June 10. Subsequently, the nutrient maker will issue refunds to unsuccessful applicants as well as credit shares to the demat accounts of successful bidders on June 11. Hexagon Nutrition’s shares will make their D-Street debut on the NSE and BSE tentatively on June 12.
Hexagon Nutrition: Key financials
Hexagon Nutrition’s total income for FY25 stood at Rs 331.29 crore, up from Rs 304.62 crore in FY24. The nutrient maker’s profit after tax (PAT) surged by roughly 100 per cent to Rs 24.38 crore in FY25 compared to Rs 12.21 crore in the preceding fiscal. For the 9-month period ended December 31, 2025, the company has already recorded a total income of Rs 275.57 crore and a PAT of Rs 27.03 crore. The company’s net worth stood at Rs 223.05 crore as of December 31, 2025.
Hexagon Nutrition IPO: Lead Managers and Registrar
Cumulative Capital and Catalyst Capital are the book running lead managers, while KFin Technologies is the registrar to the issue.
Hexagon Nutrition: Promoters
The promoters of Hexagon Nutrition include Arun Purushottam Kelkar, Subhash Purushottam Kelkar, Vikram Arun Kelkar, and Nikhil Arun Kelkar. The promoter group held an 89.41 per cent stake in the company prior to the public issue, which will drop after listing.
Hexagon Nutrition IPO: Objective
As the IPO is a complete OFS, the entire pool of proceeds will go directly to the selling shareholders.
About Hexagon Nutrition
Hexagon Nutrition operates as a research-focused nutrient maker. The company specialises in creating and manufacturing clinical nutrition products, branded wellness formulations (B2C segment), and micronutrient premix solutions (B2B2C segment). The products made by the company are used across industries, such as health and wellness.
