Mumbai-based Hexagon Nutrition Limited is on the brink of launching its IPO, post receiving SEBI’s approval. The IPO aims to raise ₹600 crores, consisting of a fresh issue of ₹100 crores and an offer for sale of up to 30,113,918 equity shares priced at ₹1 each. The allocation for the IPO includes 35% for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for Non-Institutional Investors (NIIs).
Founded in 1993 by Arun Kelkar and Subash Kelkar, Hexagon Nutrition is a research-driven nutritional company involved in product development, marketing, and manufacturing. Their product spectrum encompasses clinical products, micronutrient premixes, and therapeutic items, catering to India and around 70 international markets. With three factories located in Nasik, Chennai, and Thoothukkudi, they offer scientifically formulated brands catering to health management across various domains.
Noteworthy details include the export of products to 70 countries, the impact of flagship brand PENTASURE on nutritional wellbeing, and collaborations like SPRINKLES with Sprinkles Global Health Initiative for the betterment of children in third-world nations. The IPO comprises offloading shares by stakeholders such as Arun Purushottam Kelkar, Subhash Purushottam Kelkar, Nutan Subhash Kelkar, Somerset Indus Healthcare Fund I Ltd, and Mayur Sirdesai. The issue’s objectives encompass debt repayment, working capital needs, expenditure funding, and subsidiary investment.
Hexagon Nutrition Limited IPO Date & Price Band #
| IPO Open: | 2022 |
| IPO Close: | 2022 |
| IPO Size: | Approx ₹600 Crores |
| Fresh Issue: | Approx ₹100 Crores |
| Offer for Sale: | Approx 30,113,918 Equity Shares |
| Face Value: | ₹1 Per Equity Share |
| Price Band: | ₹- to ₹- Per Share |
| Listing on: | BSE & NSE |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
| Discount: | N/A |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Hexagon Nutrition Limited IPO Market Lot #
The Hexagon Nutrition IPO minimum market lot is – shares with ₹- application amount. The retail investors can apply up-to 13 lots, – shares with ₹- application amount.
| Minimum Lot Size: | Minimum – Shares for 1 lot |
| Minimum Amount: | ₹- for 1 lot |
| Maximum Lot Size: | Maximum – Shares for 13 lot |
| Maximum Amount: | ₹- for 13 lot |
Hexagon Nutrition Limited IPO Allotment & Listing Dates #
The Hexagon Nutrition IPO date is 2022 and the IPO close date is 2022. The IPO allotment date is 2022 and the IPO may list on 2022.
| Price Band Announcement: | 2022 |
| Anchor Investors Allotment: | 2022 |
| IPO Open Date: | 2022 |
| IPO Close Date: | 2022 |
| Basis of Allotment: | 2022 |
| Refunds: | 2022 |
| Credit to Demat Account: | 2022 |
| IPO Listing Date: | 2022 |
Hexagon Nutrition Limited Financial Report #
| ₹ in Crores | |||||
| Income | Expense | PAT |
|||
| 2019 | ₹235 | ₹216 | ₹14.83 | ||
| 2020 |
₹211 | ₹186 | ₹18.57 | ||
| 2021 |
₹215 | ₹186 | ₹22.86 | ||
| 2022 6M |
₹127 | ₹107 | ₹15.21 | ||
Hexagon Nutrition Limited IPO Valuation #
| Earning Per Share (EPS): | ₹2.07 per Equity Share |
| Price/Earning P/E Ratio: | – |
| Return on Net Worth (RoNW): | – |
| Net Asset Value (NAV): | ₹- per Equity Share |
Company Promoters #
- Arun Purushottam Kelkar
- Subhash Purushottam Kelkar
- Vikram Arun Kelkar
- Dr. Nikhil Arun Kelkar
Hexagon Nutrition Limited IPO Registrar #
Hexagon Nutrition Limited IPO Lead Managers #
- Equirus Capital Private Limited (Past IPO Performance)
- SBI Capital Markets Limited (Past IPO Performance)
Company Address #
FAQs #
When is the Hexagon Nutrition IPO date? #
The exact date of the Hexagon Nutrition IPO is in the year 2022.
What is the IPO allotment date for Hexagon Nutrition? #
The IPO allotment date for Hexagon Nutrition is in the year 2022.
How much is the planned IPO fundraise for Hexagon Nutrition? #
Hexagon Nutrition plans to raise ₹600 crores through an IPO, including a fresh issue of ₹100 crores and an offer for sale of equity shares from promoters.
Where can I check the IPO allotment status for Hexagon Nutrition? #
The IPO allotment status for Hexagon Nutrition can be checked through the registrar’s website under the applied IPO name.
What are the key objectives of Hexagon Nutrition’s IPO? #
Hexagon Nutrition’s IPO aims to raise capital for specific business objectives, which can include expansion, debt repayment, and funding working capital.
Can I apply for Hexagon Nutrition IPO online? #
Yes, you can apply for Hexagon Nutrition IPO online through various stockbrokers’ platforms.
What is IPO price band concept? #
The IPO price band indicates a range within which the IPO price will be determined based on investor demand.
Where can I find Hexagon Nutrition’s IPO DRHP (Draft Red Herring Prospectus)? #
The Hexagon Nutrition IPO DRHP can be found on the BSE India website.
What is the role of equity promoters in an IPO’s offer for sale? #
Equity promoters participate in the IPO’s offer for sale by selling their existing shares, thereby raising funds and providing an exit opportunity.
Please note that the information provided is based on the data available.
