#HexagonNutrition #IPO #DRHP #SEBI #StockMarketIndia #IndianMarkets #NutritionTech #Wellness #FMCG #Micronutrients #FoodFortification #PublicHealth #OFS #B2B #CapitalMarkets #SEBIIndia
Mumbai: Hexagon Nutrition Limited, a leading player in India’s health and wellness sector, is moving ahead with its plans to become a publicly listed company. The firm announced today that it has officially filed its Draft Red Herring Prospectus (DRHP) with the market regulator, the Securities and Exchange Board of India (SEBI).
This filing signals Hexagon’s intent to bring its unique, vertically integrated nutrition business to the stock exchanges, offering investors a chance to participate in one of the largest players in the fast-growing micronutrient space.
More Than Just Supplements: A 3-Pillar Business Model
Hexagon Nutrition is a holistic player, involved in the entire value chain—from research and development to manufacturing and marketing. Its strength lies in a diversified business model spanning three critical areas:
- Premix Formulations (B2B2C): The Industrial Engine Hexagon is one of the largest premix players in India, supplying essential, customized blends of vitamins and minerals. These ingredients are vital to leading Indian and multinational FMCG companies for fortifying their food products. This business quietly ensures that millions of consumers receive better nutrition daily.
- Therapeutic Nutrition (ESG Segment): Global Impact This segment focuses on public health and humanitarian aid. Hexagon is a major supplier of Micronutrient Powders (MNPs) under various UN programs, supporting global initiatives aimed at food fortification and combating malnutrition, particularly in developing nations. Their work here demonstrates a commitment to large-scale social good.
- Branded Nutrition (B2C): Direct to Consumer This vertical includes Hexagon’s direct-to-consumer portfolio of clinical nutrition products, designed for wellness, illness management, and lifestyle needs.
The IPO Details: An Offer-For-Sale
Hexagon plans to raise funds through an Initial Public Offering (IPO). However, the entire offer is structured as an Offer-For-Sale (OFS). This is an important distinction: the company itself will not receive any proceeds from the sale.
Instead, the IPO will provide liquidity to the existing shareholders—including the promoters—who are selling a portion of their stake.
- Total Offer Size: Up to 3,08,59,704 equity shares are being offered for sale.
- Primary Goal: To carry out the OFS and achieve the benefits of listing the shares on the stock exchanges, which includes increasing market visibility and providing a transparent valuation.
Several key members of the promoter group are offloading shares, including major stakes from Subhash Purushottam Kelkar and Arun Purushottam Kelkar.
The IPO process will be managed by the Book Running Lead Managers: Cumulative Capital Private Limited and Catalyst Capital Partners Private Limited.
The filing of the DRHP is the first official step, setting the stage for SEBI’s review before the company announces the price band and subscription dates. This is a highly anticipated listing in the thriving Indian nutrition space.
#HexagonNutrition #IPO #DRHP #SEBI #StockMarketIndia #IndianMarkets #NutritionTech #Wellness #FMCG #Micronutrients #FoodFortification #PublicHealth #OFS #B2B #CapitalMarkets #SEBIIndia
