Hexagon Nutrition to Launch Mainboard IPO in June Following Upcoming Listing

Hexagon Nutrition to Launch First Mainboard IPO in June

Mumbai-based Hexagon Nutrition, a research-oriented pure-play nutrition company, will be the first to launch an initial public offering (IPO) on the mainboard segment in June, marking the end of a quiet period that lasted for one month.

The public subscription for the IPO will open from June 5 to June 9, while the one-day anchor book will open on June 4. The company will finalize the IPO share allotment by June 10, and its equity shares will be available for trading on the bourses effective June 12. The price band for the offer has been fixed at Rs 42-45 per share.

The IPO consists entirely of an offer-for-sale of 3.08 crore equity shares by promoters, with no fresh issue component. This means the entire proceeds from the IPO, excluding offer expenses, will be received by the selling shareholders. At the upper price band, the IPO will fetch Rs 138.86 crore, and the company is valued at Rs 553.1 crore.

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Hexagon Nutrition refiled its IPO preliminary papers with the Securities and Exchange Board of India (SEBI) in September 2025, which were subsequently approved by the capital markets regulator in February 2026.

The company has a significant presence in the Indian market with three manufacturing facilities in India — at Nashik, Chennai, and Thoothukudi (Tamil Nadu) — and one international manufacturing facility in Uzbekistan. It offers products across three segments: micronutrient premix, branded wellness and clinical nutrition, and ready-to-use foods and micronutrient powder. Hexagon Nutrition claims to be one of the largest premix players in India, offering customized vitamin and mineral premixes to leading Indian and multinational FMCG companies.

The company's financial performance has been impressive, with a profit of Rs 27 crore and revenue of Rs 267.5 crore during the nine-month period ended December 2025. The profit in fiscal 2025 nearly doubled to Rs 24.4 crore from Rs 12.2 crore in the previous year, while revenue during the same period increased 9.1 percent to Rs 324.9 crore from Rs 297.7 crore.

Cumulative Capital and Catalyst Capital Partners have been appointed as the merchant bankers for managing the Hexagon Nutrition IPO.

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