Hexagon Nutrition Limited IPO (Hexagon Nutrition IPO) Detail
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.
Company Promoters:
Arun Purushottam Kelkar, Subhash Purushottam Kelkar, Vikram Arun Kelkar and Dr. Nikhil Arun Kelkar are the company promoters.
Company Financials:
| Particulars | For the year/period ended (Rs in million) | |||
|---|---|---|---|---|
| 30-Sep-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 2284.19 | 2135.62 | 2021.36 | 1915.72 |
| Total Revenue | 1269.22 | 2154.35 | 2108.26 | 2359.02 |
| Profit After Tax | 152.09 | 228.61 | 185.67 | 148.25 |
Objects of the Issue:
The net proceeds of the IPO is proposed to be utilized for the following objects:
- Repayment and/or pre-payment, in full and/or part, of certain borrowings of our Company and two of our Subsidiaries viz. HNEPL and HNIPL.
- Funding the incremental working capital requirements of our Company.
- Funding capital expenditure requirements towards expanding our existing facility at Nashik.
- Investment in our Subsidiary, HNIPL for financing capital expenditure requirements at our existing facility in Thoothukudi.
- General corporate purposes.
Hexagon Nutrition IPO Details
| IPO Opening Date | |
| IPO Closing Date | |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹1 per equity share |
| IPO Price | [.] to [.] per equity share |
| Market Lot | |
| Min Order Quantity | |
| Listing At | BSE, NSE |
| Issue Size | |
| Fresh Issue | [.] Eq Shares of ₹1 (aggregating up to ₹100.00 Cr) |
| Offer for Sale | 30,113,918 Eq Shares of ₹1 (aggregating up to ₹[.] Cr) |
Hexagon Nutrition IPO Promoter Holding
| Pre Issue Share Holding | 99.44% |
| Post Issue Share Holding |
Hexagon Nutrition IPO Prospectus
Company Contact Information
Hexagon Nutrition Limited
404 Global Chamber,
Adarsh Nagar, Link Road, Andheri (West),
Mumbai – 400 053,
Phone: 2262136700
Email: [email protected]
Website: https://www.hexagonnutrition.com/
Hexagon Nutrition IPO Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://karisma.kfintech.com/
Hexagon Nutrition IPO Lead Manager(s)
- Equirus Capital Private Limited
- SBI Capital Markets Limited
