Hexagon Nutrition IPO: Last day to bid! Subscription crosses 20x so far; here's what investors should know

Hexagon Nutrition IPO: Hexagon Nutrition Ltd's initial public offering (IPO) has entered its last day of public bidding and according to the provisional exchange data, the IPO has been subscribed 20.22 times against the net offer, as of 12:30 pm.

Hexagon Nutrition IPO subscription status

• By 12:30 pm, the Qualified Institutional Buyers (QIBs) portion received bids for 35.61 lakh shares out of 61.72 lakh shares reserved.
• The Non-Institutional Investors (NIIs) category has booked 55.74 times, with bids for 25.80 crore shares against the 46.28 lakh reserved.
• Retail Individual Investor category (RIIs) have currently made bids for 17.51 crore shares against 1.08 crore shares, translating to a subscription of 16.22 times.

Hexagon Nutrition IPO details

The public offer of Hexagon Nutrition is a book-built issue of Rs 138.87 crore, with 3.09 crore equity shares on offer. The issue is entirely an offer for sale (OFS) with no fresh issue component.

This means that the entire proceeds raised from the IPO will directly go to the shareholders who are offloading their stakes through the OFS. No fresh capital will be raised for the company.

As per the company's red herring prospectus (RHP), the selling shareholders are Arun Purushottam Kelkar, Subhash Purushottam Kelkar, Aditya Kelkar, and Nutan Subhash Kelkar.

Hexagon Nutrition Limited raised Rs 41.66 crore from anchor investors ahead of the issue opening.

Hexagon Nutrition IPO price band and lot size

The IPO is priced in the range of Rs 42-Rs 45 per share. Investors can bid in a lot size of 333 shares and in multiples thereof.

This means that the retail investors will need a minimum investment of Rs 14,985 based on the upper end of the price band.

Hexagon Nutrition IPO: Allotment and listing timeline

The IPO opened for public bidding on June 5 and will remain open till June 9, 2026.

The basis of allotment is expected to be finalised on June 10, and the shares are expected to list on NSE and BSE on June 12, 2026.

The IPO has fixed up to 50 per cent for Qualified Institutional Buyers (QIBs), 15 per cent for Non-Institutional Investors (NIIs) and 35 per cent for the retail investor category.

Lead manager and registrar of the issue

The book-running lead managers for the issue are Cumulative Capital Pvt Ltd and Catalyst Capital Partners Private Limited, while the registrar of the issue is KFin Technologies.

About Hexagon Nutrition Limited

Founded in 1993, Hexagon Nutrition Ltd is a nutrition-focused company engaged in micronutrient premixes, clinical nutrition, therapeutic formulations and ready-to-use-foods.

Its portfolio includes brands such as Pentasure, Obesigo, Pediagold, and Nutrone.

The company operates manufacturing facilities in Nasik, Chennai, and Thoothukudi in India, along with an overseas unit in Uzbekistan. It also exports to more than 75 countries and maintains a distribution network across pharmacies, hospitals, e-commerce platforms, and online pharmacies.

With dedicated R&D centres in Nasik and Chennai, supported by a specialised team of professionals, the company continues to focus on nutrition innovation and global expansion.