Hexagon Nutrition IPO 2026: Date, Price & Key Details Explained

· 5 min read · Written by the BuyUnlistedShares desk. Information only, not investment advice.

Hexagon Nutrition's IPO opens on June 5, 2026, with a price band of ₹42–₹45 per share. In this plain-language guide, we set out the issue structure, the company's reported financials, ​​​⁠​​​⁠​​​​⁠​​⁠⁠​⁠⁠​​​⁠⁠​⁠⁠​⁠​⁠​⁠⁠⁠​​⁠​​⁠​​⁠⁠⁠⁠⁠⁠⁠⁠⁠​⁠⁠​⁠​⁠​​​​​​⁠⁠​​⁠​⁠⁠⁠⁠​​​⁠​⁠​​⁠⁠⁠​and what key metrics like EPS, RoNW, and EBITDA margin mean.

Hexagon Nutrition IPO 2026

Everything a Beginner Needs to Know — Explained Simply

Price Band ₹42–₹45 | Opens June 5, 2026 | Lists June 12, 2026 | BSE & NSE

Last Updated: May 2026

So, What Is This IPO All About?

If you've been hearing the name Hexagon Nutrition lately — this blog is for you. Whether you're completely ​​​⁠​​​⁠​​​​⁠​​⁠⁠​⁠⁠​​​⁠⁠​⁠⁠​⁠​⁠​⁠⁠⁠​​⁠​​⁠​​⁠⁠⁠⁠⁠⁠⁠⁠⁠​⁠⁠​⁠​⁠​​​​​​⁠⁠​​⁠​⁠⁠⁠⁠​​​⁠​⁠​​⁠⁠⁠​new to IPOs or you follow the primary market closely, this breakdown covers the issue structure and the finances.

Hexagon Nutrition Ltd. is a nutrition products company based in Mumbai. The company is making ​​​⁠​​​⁠​​​​⁠​​⁠⁠​⁠⁠​​​⁠⁠​⁠⁠​⁠​⁠​⁠⁠⁠​​⁠​​⁠​​⁠⁠⁠⁠⁠⁠⁠⁠⁠​⁠⁠​⁠​⁠​​​​​​⁠⁠​​⁠​⁠⁠⁠⁠​​​⁠​⁠​​⁠⁠⁠​its way to the public markets through a Mainboard IPO on BSE and NSE, opening for subscription on June 5, 2026.

💡 What Is an IPO? (For First-Timers)

IPO stands for Initial Public Offering. It's when a private company first offers its shares to the general public on a stock exchange.

When a company does an IPO, it raises capital — either for its own use (Fresh Issue) or to allow existing shareholders to exit (Offer for Sale). Once listed, anyone with a Demat account can buy or sell the shares on the exchange.

An IPO is not a guaranteed profit event. Shares can list above or below the issue price depending on market conditions, demand, and company fundamentals.

Quick Facts at a Glance

Here are the IPO structure, dates, and pricing — all in one place:

Detail

Information

IPO Open Date

June 5, 2026

IPO Close Date

June 9, 2026

Anchor Investor Date

June 4, 2026

Allotment Date

June 10, 2026

Listing Date

June 12, 2026

Listed On

BSE & NSE (Mainboard)

Price Band

₹42 – ₹45 per share

Face Value

₹1 per share

Issue Size

~₹138.87 Crores

Fresh Issue

₹27.29 Crores

Offer for Sale

~3.09 Crore Shares

Minimum Lot

333 shares (₹14,985)

Max Retail Lots

13 lots (4,329 shares / ₹1,94,805)

QIB Quota

50%

NII / HNI Quota

15%

Retail Quota

35%

Registrar

KFin Technologies Ltd.

Hexagon Nutrition IPO: key figures
ItemValueAs of
Price band₹4529 Jul 2026
Lot size333 shares29 Jul 2026
Issue size₹138.87 Cr29 Jul 2026
ExchangeNSE, BSE29 Jul 2026
Issue typeMAINBOARD29 Jul 2026
Opens5 Jun 202629 Jul 2026
Closes9 Jun 202629 Jul 2026
Listing12 Jun 202629 Jul 2026

Understanding the Issue Structure

This IPO has two components — and understanding the difference matters:

📘 Fresh Issue vs Offer for Sale — What's the Difference?

Fresh Issue (₹27.29 Crores): This money goes directly into the company. It can be used for capital expenditure, debt repayment, working capital, or other business purposes.

Offer for Sale (~3.09 Crore Shares): Here, existing shareholders — typically promoters or early investors — are selling their stake. The money from this portion goes to them, not to the company.

A higher Offer for Sale component means the company itself is raising less fresh capital.

Lot Size — How Much Do You Need to Apply?

Retail investors can apply for a minimum of 1 lot (333 shares at ₹45 upper band = ₹14,985). The maximum a retail investor can ​​​⁠​​​⁠​​​​⁠​​⁠⁠​⁠⁠​​​⁠⁠​⁠⁠​⁠​⁠​⁠⁠⁠​​⁠​​⁠​​⁠⁠⁠⁠⁠⁠⁠⁠⁠​⁠⁠​⁠​⁠​​​​​​⁠⁠​​⁠​⁠⁠⁠⁠​​​⁠​⁠​​⁠⁠⁠​apply for is 13 lots (4,329 shares = ₹1,94,805). Applications beyond that fall into the HNI / NII category.

Reported financials

Here's the actual reported financial data across the last three full fiscal years and nine months of FY26:

Period

Revenue (₹ Cr)

Expenses (₹ Cr)

PAT (₹ Cr)

Total Assets (₹ Cr)

FY 2023 (Mar 2023)

281.65

267.02

5.82

288.90

FY 2024 (Mar 2024)

304.62

285.48

12.21

250.54

FY 2025 (Mar 2025)

331.29

296.78

24.38

261.36

9M FY26 (Dec 2025)

275.57

239.83

27.03

327.60

All figures in Indian Rupees Crores. PAT = Profit After Tax. Source: Company offer documents (publicly available).

Changes over the period

Revenue rose from ₹281.65 Cr in FY23 to ₹331.29 Cr in FY25.

Profit rose from ₹5.82 Cr in FY23 to ₹24.38 Cr in FY25. That's roughly a 4x increase in three ​​​⁠​​​⁠​​​​⁠​​⁠⁠​⁠⁠​​​⁠⁠​⁠⁠​⁠​⁠​⁠⁠⁠​​⁠​​⁠​​⁠⁠⁠⁠⁠⁠⁠⁠⁠​⁠⁠​⁠​⁠​​​​​​⁠⁠​​⁠​⁠⁠⁠⁠​​​⁠​⁠​​⁠⁠⁠​years. The 9M FY26 profit of ₹27.03 Cr exceeds the full-year FY25 number.

The debt-to-equity ratio is 0.14.

📈 A Simple Way to Read These Numbers

If a company earns ₹100 in revenue but spends ₹99.9 to do so, its profit is tiny. Look at the gap between Revenue and Expenses — that's your margin indicator.

FY23: Revenue ₹281.65 Cr, Expenses ₹267.02 Cr → margin ~5%

FY25: Revenue ₹331.29 Cr, Expenses ₹296.78 Cr → margin ~10%

Key Valuation Metrics — Explained for Beginners

When evaluating an IPO, a few ratios relate the asking price to the company's size, earnings, and assets. Here's the FY2025 data:

Key Metric (FY2025)

Value

ROE (Return on Equity)

10.47%

ROCE

17.06%

EBITDA Margin

12.33%

PAT Margin

7.36%

Debt-to-Equity Ratio

0.14

EPS (Basic)

₹1.75

Return on Net Worth (RoNW)

12.46%

Net Asset Value (NAV)

₹15.91 per share

Other details of the issue

Financials are one part of the picture.

1. The OFS-Heavy Structure

A significant portion of this IPO is an Offer for Sale — meaning existing shareholders are monetising their holdings. While this is standard practice, it does mean the company is raising relatively less fresh ​​​⁠​​​⁠​​​​⁠​​⁠⁠​⁠⁠​​​⁠⁠​⁠⁠​⁠​⁠​⁠⁠⁠​​⁠​​⁠​​⁠⁠⁠⁠⁠⁠⁠⁠⁠​⁠⁠​⁠​⁠​​​​​​⁠⁠​​⁠​⁠⁠⁠⁠​​​⁠​⁠​​⁠⁠⁠​capital for its own growth. The fresh issue component is ₹27.29 Cr.

2. The Nutrition Sector Context

The company faces competition from both domestic and global players.

3. Promoter Background

The company's promoters — the Kelkar family — have been associated with the business for an extended period.

4. Listing on Mainboard vs SME

This is a Mainboard IPO, listed on both BSE and NSE. Mainboard listings typically have stricter compliance requirements than SME-platform listings.

Other figures

The 9M FY26 PAT of ₹27.03 Cr exceeds FY25's full-year PAT of ₹24.38 Cr.


At a price of ₹45 and EPS of ₹1.75 (FY25), the implied P/E is ~25.7x.

No dividend has been paid in the reported periods.

How Does the IPO Application Process Work?

If you're new to this, here's a quick overview of how the process typically works in India:

• Open a Demat and Trading Account: You need one to apply for an IPO. Most major brokers (both online and traditional) offer this.

• Apply via ASBA: ASBA (Application Supported by Blocked Amount) is the standard mechanism. Your application amount is blocked in your ​​​⁠​​​⁠​​​​⁠​​⁠⁠​⁠⁠​​​⁠⁠​⁠⁠​⁠​⁠​⁠⁠⁠​​⁠​​⁠​​⁠⁠⁠⁠⁠⁠⁠⁠⁠​⁠⁠​⁠​⁠​​​​​​⁠⁠​​⁠​⁠⁠⁠⁠​​​⁠​⁠​​⁠⁠⁠​bank account — but not debited — until allotment. If you don't get allotment, the amount is unblocked automatically.

• Apply via UPI (for retail investors): If applying for up to ₹5 lakh, you can use your UPI ID linked ​​​⁠​​​⁠​​​​⁠​​⁠⁠​⁠⁠​​​⁠⁠​⁠⁠​⁠​⁠​⁠⁠⁠​​⁠​​⁠​​⁠⁠⁠⁠⁠⁠⁠⁠⁠​⁠⁠​⁠​⁠​​​​​​⁠⁠​​⁠​⁠⁠⁠⁠​​​⁠​⁠​​⁠⁠⁠​to your bank account through your broker's app.

• Anchor Investor Date (June 4): One day before retail subscription opens, large institutional investors (anchors) are allotted shares.

• Allotment (June 10): You'll receive shares in your Demat account if allotted, or a refund/unblocking if not.

• Listing (June 12): Shares start trading on BSE and NSE on this date.

Disclaimer:

This is written for educational and informational purposes only. Nothing here constitutes investment advice or a recommendation to buy or sell securities. All data is ​​​⁠​​​⁠​​​​⁠​​⁠⁠​⁠⁠​​​⁠⁠​⁠⁠​⁠​⁠​⁠⁠⁠​​⁠​​⁠​​⁠⁠⁠⁠⁠⁠⁠⁠⁠​⁠⁠​⁠​⁠​​​​​​⁠⁠​​⁠​⁠⁠⁠⁠​​​⁠​⁠​​⁠⁠⁠​sourced from publicly available information. Investments in securities markets are subject to market risks — please read all offer documents carefully before investing.

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Hexagon Nutrition IPO 2026 – Price, Dates & Key Facts