Latest IPO : Hexagon Nutrition Ltd

Market Times - market news
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Incorporated in 1991, Hexagon Nutrition Limited manufactures and markets nutritional products such as Micronutrient Premixes, Malnutrition Products, Clinical Nutrition Products, Fortified Rice Kennels, Animal Nutrition Products, and Flour Enzymes. The company product portfolio focuses on fortification of foods, therapeutic nutrition, clinical nutrition, and alleviation of malnutrition.

The company products are available throughout the India. The company sells products over 70 countries such as South Africa, Malaysia, Ethiopia, France, French Polynesia, Ghana, Indonesia, Kenya, Brazil amongst others.

Competitive Strength:

  • Pioneer in micronutrient premix formulations business in South Asia and the market leader in customized premix formulations in India.
  • The company has leading brands in wellness and clinical nutrition.
  • Long-standing relationships with marquee clients leading to recurring revenues and repeat orders.
  • Strong R&D capabilities with a focus on innovation.
  • Extensive manufacturing capabilities of products with stringent quality and food safety procedures.
  • Well-established pan India omnichannel distribution with presence across various geographies.
  • Professional turned entrepreneur promoters with an experienced management team and backed by a reputed institutional investor.

IPO Details announced till now :

IPO Opening Dateyet to announce
IPO Closing Dateyet to announce
Issue TypeBook Built issue
Face Value₹1/share
Pre issue holding99.44%
IPO Price Bandyet to announce
Market Lotyet to announce
Issue Sizeyet to announce
Offer for sale30,113,918 Equity Shares of ₹1

To know more please read thoroughly the DRHP of Hexagon Nutrition.

IPO Lead Managers :

  1. Equirus Capital Pvt Ltd.
  2. SBI Capital Markets Ltd

Company Promoters:

Arun Purushottam Kelkar, Subhash Purushottam Kelkar, Vikram Arun Kelkar and Dr. Nikhil Arun Kelkar are the company promoters.