Hexagon Nutrition IPO

About the company

Hexagon Nutrition was incorporated in the year 1993 as a micronutrient formulations company and has gradually moved up the value chain by building its own brands in the health, wellness and clinical nutrition space. In FY24, the company further expanded its portfolio with the launch of a new brand, “NUTRONE”. It has a presence across India and exports products to 75+ countries. Hexagon Nutrition has three domestic manufacturing facilities, located in Nashik (Maharashtra), Chennai (Tamil Nadu) and Tuticorin (Tamil Nadu) and one International manufacturing facility in Tashkent (Uzbekistan). The manufacturing plants located in Chennai and Tuticorin are located within an SEZ, providing the advantage of proximity to ports and duty-free importation. Its integrated and standardised manufacturing 270 processes enable it to maintain the quality of the products. In FY25, the company operated with an installed monthly capacity of 835 MT for dry premix, 42.5 MT for liquid premix, 59.65 MT for MNPs, 680 MT for RUFs and 110 MT for clinical nutrition products under a two-shift operation model. During FY25, actual production stood at 259.2 MT for dry premix, 7.96 MT for liquid premix, 5.99 MT for MNPs, 193.88 MT for RUFs and 51.71 MT for clinical nutrition products. Capacity utilisation remained moderate across most categories, with clinical nutrition having the highest utilisation at 47.01%, followed by dry premix at 31.04% and RUFs at 28.51%. The company’s business is divided into three key segments. The branded wellness and clinical nutrition (B2C) segment contributed ~30% of 9MFY26 revenue and includes brands such as PENTASURE for adult wellness and clinical nutrition, OBESIGO for weight management, and PEDIAGOLD for pediatric nutrition. The Premix Formulations (B2B2C) segment accounted for ~51% of 9MFY26 revenue and caters to leading Indian and multinational FMCG companies by supplying customised vitamin and mineral premixes for food and beverage fortification. The therapeutic nutrition or ESG segment contributed 17.93% of 9MFY26 revenue and includes Ready-to-Use Foods (RUFs) and Micronutrient Powders (MNPs), which are used to address malnutrition among children and support the nutritional requirements of pregnant and lactating women. The company has built a diversified customer base across its segments. In the B2C segment, it caters to individual consumers and healthcare professional-led recommendations. In the B2B2C segment, it supplies customised premixes to domestic and multinational FMCG companies, while in the ESG segment, its customers include government bodies, humanitarian organisations and international development agencies. During FY25, the company had 275 repeat customers in the B2B2C segment, 7 in the B2C segment and 12 in the ESG segment. In FY25, 38.66% revenue came from domestic sales while exports made up 61.25%. In FY25, Maharashtra, Karnataka and Tamil Nadu were key contributors in revenue, and the UAE, Ethiopia and Indonesia were the main exporting countries. The Indian nutrition market is estimated at ₹1,52,800 crore in CY25 and is expected to grow to ₹2,81,400 crore by CY30, a CAGR of 13%. This exponential growth will be supported by rising demand for protein supplements, functional and immunity-focused foods, along with premiumisation and clean-label trends. The growth opportunity in Indian markets is largely supported by the high level of nutritional deficiency in India. More than 50% of women and children suffer from anaemia, around 35% of the population is deficient in Vitamin A, and nearly 57% of women in the 15 to 49 age group are anaemic. These health concerns continue to drive demand for fortified food products, micronutrient supplements and clinical nutrition solutions across the country. Government-led nutrition and food fortification programs are also creating a large and steady market opportunity for companies. Going ahead, the company wants to grow its current branded segments by augmenting its online sales through enhanced digital marketing and exploring newer online platforms. It intends to increase its national footprint by expanding to Tier 2 and Tier 3 cities over the period of the next 3 to 5 years. The industry continues to benefit from rising health awareness, increasing disposable incomes and growing demand for functional foods and dietary supplements, which could support long-term growth for the company. Now, Hexagon Nutrition is launching its initial public offering (IPO), which is complete offer-for-sale of ₹138.8 crore only. The company’s shares will be listed on the NSE and BSE. ### **How to pre-apply for Hexagon Nutrition IPO?** You can pre-apply for Hexagon Nutrition IPO on Upstox. The pre-application for this IPO, which means the pre-apply open date, usually begins a day before the IPO opens for subscription. Follow these steps to pre-apply for the IPO: - Login to your Upstox account, using your six-digit PIN - After successfully logging in, click on ‘Discover’ - On the Discover tab, you will find the ‘Invest in IPO’ section - Under the Invest in IPO section, look for the ‘Hexagon Nutrition IPO’ tab and click on it - Now fill in all the required information, like ‘bid price’ and ‘lot size’ - Confirm and click on ‘Pre-Apply’ - Accept the mandate on your UPI app ### **How to apply for Hexagon Nutrition IPO?** If you are interested in this investment opportunity but unsure how to apply for Hexagon Nutrition IPO, here are the steps that you need to follow. When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for Hexagon Nutrition IPO on Upstox: - Log in to your Upstox account, using your six-digit PIN - After logging in, click on ‘Discover’ - On the ‘Discover’ tab, you will find the ‘Invest in IPO’ section - Under the Invest in IPO section, look for the ‘Hexagon Nutrition IPO’ tab and click on it - Now fill in all the required information, like ‘bid price’ and ‘lot size’ - Confirm and click on ‘Apply’ - Accept the mandate on your UPI app ### **How to check the Hexagon Nutrition IPO allotment status? ** When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally completed on the next working day after an IPO closes. Here’s a step-by-step guide on how to check the Hexagon Nutrition IPO allotment status: - Login to your Upstox account, using your six-digit PIN - After logging in, click on ‘Discover’ - On the ‘Discover’ page, you will find the ‘Invest in IPO’ section - Under the Invest in IPO section, you will find the ‘View all’ option - Once you click on ‘View all’, you will be directed to the ‘IPO’ tab - In the ‘IPO’ tab, click on ‘My applications’ - In ‘My applications’, under the History section, your Hexagon Nutrition IPO allotment status will be mentioned.

GMP trend (Grey Market Premium by date)

Financial performance (₹ Cr)

Subscription breakup (final, times)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   05 Jun 2026

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   09 Jun 2026

   Last day to place your bid

3. Basis of Allotment

   Completed
   10 Jun 2026

   Share allotment finalised

4. Refund Initiation

   Completed
   11 Jun 2026

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   11 Jun 2026

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   12 Jun 2026

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.