Hexagon Nutrition IPO Review 2026: Price Band, Lot Size, and Listing Dates
Hexagon Nutrition IPO is a Book Built Issue aggregating up to ₹138.87 crore. The entire issue comprises an Offer for Sale (OFS) of 3,08,59,704 equity shares by existing shareholders. Since the issue is entirely an OFS, the company will not receive any proceeds from the IPO.
Hexagon Nutrition Limited is a research-driven nutrition company engaged in developing and manufacturing micronutrient premixes, branded wellness products, clinical nutrition formulations, therapeutic nutrition solutions, and ready-to-use foods.
| IPO Open Date | June 5, 2026 |
|---|---|
| IPO Close Date | June 9, 2026 |
| Issue Type | Book Built Issue |
| Issue Size | ₹138.87 Crore |
| Offer for Sale | 3,08,59,704 Equity Shares |
| Face Value | ₹1 per Share |
| Price Band | ₹42 - ₹45 per Share |
| Lot Size | 333 Shares |
| Listing Exchange | BSE & NSE |
| Listing Date | June 12, 2026 (Tentative) |
| Market Capitalization (Pre-IPO) | ₹553.13 Crore |
About Hexagon Nutrition Limited
Incorporated in 1993, Hexagon Nutrition Limited is a research-focused nutrition company engaged in developing, manufacturing and marketing nutrition products across wellness, clinical nutrition, therapeutic nutrition and micronutrient fortification categories.
The company operates three manufacturing facilities in India located at Nashik (Maharashtra), Chennai (Tamil Nadu) and Thoothukudi (Tamil Nadu), along with an overseas manufacturing facility in Tashkent, Uzbekistan. The Chennai and Thoothukudi facilities are located within Special Economic Zones (SEZs), offering logistical and operational advantages.
Hexagon Nutrition serves both domestic and international markets through a diversified portfolio spanning consumer nutrition, healthcare nutrition and public health nutrition solutions.
Business Segments
- Branded Wellness & Clinical Nutrition Products (B2C)
- Premix Formulations (B2B2C)
- Ready-to-Use Foods (RUFs)
- Micronutrient Powders (MNPs)
- Therapeutic Nutrition Solutions
Key Brands
- Pentasure
- Obesigo
- Pediagold
- Nutrone
Distribution Network
The company has built a PAN-India omnichannel distribution network covering retail pharmacies, hospitals, e-commerce marketplaces, online pharmacies and direct-to-consumer platforms. As of March 2026, Hexagon Nutrition worked with more than 358 distributors across India, including several multi-state distributors.
The company has established overseas offices in South Africa, Uzbekistan and Hong Kong and exported products to over 75 countries across Asia, Africa, Europe and South America during Fiscal 2023 to Fiscal 2025.
Research & Development
Hexagon Nutrition maintains dedicated in-house R&D facilities at Nashik and Chennai. Its research team consists of qualified professionals focused on product innovation, nutritional science and formulation development.
As of March 31, 2026, the company employed 527 people.
Manufacturing Facilities
| Location | State/Country | Facility Type |
|---|---|---|
| Nashik | Maharashtra, India | Manufacturing Facility |
| Chennai | Tamil Nadu, India | SEZ Manufacturing Facility |
| Thoothukudi | Tamil Nadu, India | SEZ Manufacturing Facility |
| Tashkent | Uzbekistan | International Manufacturing Facility |
Hexagon Nutrition IPO Lot Size
| Application Category | Lots | Shares | Investment Amount (₹) |
|---|---|---|---|
| Retail Minimum | 1 | 333 | 14,985 |
| sNII Minimum | 14 | 4,662 | 2,09,790 |
| bNII Minimum | 67 | 22,311 | 10,03,995 |
Hexagon Nutrition IPO Timeline
| Event | Date |
|---|---|
| IPO Opens | June 5, 2026 |
| IPO Closes | June 9, 2026 |
| Basis of Allotment | June 10, 2026 |
| Initiation of Refunds | June 11, 2026 |
| Credit of Shares | June 11, 2026 |
| Listing Date | June 12, 2026 |
Refer to RHP for detailed Information.
Objects of the Offer
The IPO is entirely an Offer for Sale by existing shareholders. Accordingly, the company will not receive any proceeds from the issue. The selling shareholders will receive the net proceeds after deducting applicable expenses and taxes.
Competitive Strengths
- Established nutrition and healthcare brand with more than three decades of operating history.
- Diversified product portfolio across clinical nutrition, wellness, premixes and public health nutrition.
- Strong omnichannel distribution network across India.
- Exports to more than 75 countries globally.
- Multiple manufacturing facilities including SEZ-based operations.
- Dedicated in-house R&D capabilities supporting innovation and product development.
- Growing presence in healthcare and nutrition-focused consumer categories.
Risk Factors
- Dependence on changing consumer preferences within the nutrition and wellness industry.
- Raw material price fluctuations may impact profitability.
- Significant competition from domestic and multinational nutrition companies.
- Regulatory changes affecting food, nutraceutical and healthcare products could impact operations.
- The IPO is entirely an OFS and does not provide fresh capital to the company.
- Export business may be exposed to currency fluctuations and geopolitical risks.
IPO Registrar
Kfin Technologies Limited is the registrar to the issue and will manage allotment, refunds and investor-related services.
Book Running Lead Managers
Cumulative Capital Private Limited and Catalyst Capital Partners Private Limited are the Book Running Lead Managers to the issue.
IPO Allotment & Application Status
Registrar: KFin Technologies Limited
- NSE Bid Status: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
- BSE Bid Status: https://www.bseindia.com/investors/appli_check.aspx
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Frequently Asked Questions (FAQs)
When will Hexagon Nutrition IPO open for subscription?
Hexagon Nutrition IPO will open on June 5, 2026 and close on June 9, 2026.
What is the price band of Hexagon Nutrition IPO?
The IPO price band has been fixed at ₹42 to ₹45 per equity share.
What is the lot size for Hexagon Nutrition IPO?
The minimum application size is 333 shares, requiring an investment of ₹14,985 at the upper price band.
Is Hexagon Nutrition IPO a fresh issue?
No. The IPO is entirely an Offer for Sale (OFS) of 3,08,59,704 equity shares by existing shareholders.
When will Hexagon Nutrition shares be listed?
The shares are proposed to be listed on BSE and NSE on June 12, 2026.
Who is the registrar of Hexagon Nutrition IPO?
Kfin Technologies Limited is the registrar to the issue.
Who are the lead managers to the IPO?
Cumulative Capital Private Limited and Catalyst Capital Partners Private Limited are the Book Running Lead Managers to the issue.
What does Hexagon Nutrition Limited do?
Hexagon Nutrition Limited is a nutrition-focused company engaged in manufacturing and marketing clinical nutrition products, wellness supplements, micronutrient premixes, therapeutic formulations, ready-to-use foods and public health nutrition products.
How many countries does Hexagon Nutrition serve?
The company exported its products to more than 75 countries across Asia, Africa, Europe and South America during Fiscal 2023 to Fiscal 2025.
Investor Education Hub: Everything You Need to Know About IPOs
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