Hexagon Nutrition Files for IPO, Promoters to Sell 3.08 Crore Shares
Hexagon Nutrition Ltd., a research-driven nutrition company, has filed preliminary papers with SEBI for an IPO. The offering will be entirely an offer for sale (OFS) of 3.08 crore shares by promoters and promoter group members. The company plans to list on both NSE and BSE. Hexagon Nutrition, one of India's largest premix players, offers micronutrient premixes, therapeutic and clinical nutrition solutions. The company's financial performance shows strong growth, with revenue increasing by 9.1% to Rs 324.90 crore and profit doubling to Rs 24.30 crore in the most recent fiscal year.
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Hexagon Nutrition Ltd., a research-driven nutrition company, has taken a significant step towards going public by filing preliminary papers with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO). The company's IPO will consist entirely of an offer for sale (OFS) of 3.08 crore shares.
IPO Details
The shares of Hexagon Nutrition will be listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). The IPO structure involves the following share sales by promoters and promoter group members:
- Arun Purushottam Kelkar (Promoter): 15 lakh shares
- Subhash Purushottam Kelkar (Promoter): 2.41 crore shares
- Nutan Subhash Kelkar (Promoter Group): 36 lakh shares
- Aditya Kelkar (Promoter Group): 21 lakh shares
Company Overview
Hexagon Nutrition operates in the nutrition sector, offering a range of products including:
- Micronutrient premixes
- Therapeutic nutrition solutions
- Clinical nutrition solutions
The company has established itself as one of the largest premix players in India, catering to both domestic and multinational Fast-Moving Consumer Goods (FMCG) companies.
Financial Performance
Hexagon Nutrition has demonstrated strong financial growth:
| Financial Metric | Fiscal 2024 | Fiscal 2025 | Growth |
|---|---|---|---|
| Revenue from Operations | Rs 297.70 crore | Rs 324.90 crore | 9.1% |
| Profit | Rs 12.20 crore | Rs 24.30 crore | 100.0% |
The company's revenue from operations increased by 9.1% year-over-year, while its profit doubled, showcasing significant improvement in profitability.
Market Position
As one of the largest premix players in India, Hexagon Nutrition's client base includes both domestic and multinational FMCG companies. This strong market position, combined with its research-driven approach, positions the company well in the competitive nutrition sector.
The IPO filing marks an important milestone for Hexagon Nutrition, potentially providing an opportunity for investors to participate in the growth of a key player in the Indian nutrition industry. As the IPO process progresses, more details about the offer price and timing are expected to be revealed.
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