Hexagon Nutrition opens ₹139 cr IPO at ₹42-45 band; pure OFS as PAT doubles to ₹24.3 cr
The Kelkar promoter-led nutrition company launches a ₹139 crore offer-for-sale on June 5, with FY25 revenue at ₹324.92 crore and PAT up 99.5% YoY to ₹24.3 crore. Margins sit at 12.33%, but flat GMP signals tepid grey-market enthusiasm ahead of June 12 listing.
What happened
Hexagon Nutrition's ₹139 crore IPO opens June 5 at ₹42-45 band, entirely OFS by Kelkar promoters. The nutrition/wellness company posted FY25 revenue of ₹324.92
Key facts
- ₹139 crore issue size
- Price band ₹42-45
- FY25 revenue ₹324.92 crore
- FY25 PAT ₹24.3 crore (+99.5% YoY)
- Margin 12.33%
- Lot size 333 shares
Why this matters
A profitable mid-cap nutrition platform with proven margin expansion becomes an interesting strategic target post-listing, especially as wellness consolidation accelerates among larger FMCG and pharma buyers.