Hexagon Nutrition IPO 2026: Key dates and ₹138.87cr issue

What the IPO is and why it is in focus

Hexagon Nutrition is set to open its initial public offering (IPO) for subscription on June 5, 2026. The offer is structured as a book-built issue with a total size of ₹138.87 crore. Multiple reports around the issue also refer to it as roughly ₹139 crore, with the upper band pegging the size at ₹138.87 crore. The IPO has attracted attention a day ahead of opening because the company raised money from anchor investors on June 4. That anchor allocation provides an early read on institutional participation, even though it does not guarantee demand across categories.

Issue structure: entirely offer-for-sale

The Hexagon Nutrition IPO comprises only an offer-for-sale (OFS) by promoters, identified as the Kelkar family. That means there is no fresh issue component in this IPO. As a result, the company will not receive any proceeds from the public offer. Instead, the selling shareholders will monetise part of their holdings through the sale of shares to public market investors.

The OFS size is reported as 3.09 crore equity shares aggregating ₹138.87 crore. Another figure cited for the share count is 3.08 crore, but the issue is consistently described as roughly 30.86 to 30.9 million shares. The face value is stated as ₹1 per equity share.

Price band, lot size, and what retail investors need to pay

The price band for the issue has been fixed at ₹42 to ₹45 per share. The minimum application lot size is 333 shares, and bids can be placed in multiples thereafter. At the upper end of the price band, one lot translates into an application amount of ₹14,985.

The maximum permissible retail application is 13 lots, or 4,329 shares. At ₹45 per share, this requires an investment of ₹1,94,805. These figures matter for retail applicants planning their funds in the ASBA process, where the bid amount is blocked until allotment is finalised.

Anchor book: ₹41.65 crore raised ahead of opening

Hexagon Nutrition raised ₹41.65 crore from five anchor investors on June 4, 2026, a day before the IPO opening. Another report pegged the anchor amount at ₹41.66 crore, reflecting a rounding difference.

As per a circular cited in coverage, the company allotted 92.57 lakh equity shares to anchor investors at ₹45 per share. Named anchor participants include Bandhan Mutual Fund, Ampersand Growth, and CP Capital. The total count of anchor investors is stated as five.

Key dates: subscription, allotment, listing

The IPO opens for subscription on Friday, June 5, 2026, and closes on Tuesday, June 9, 2026. The basis of allotment is expected to be finalised on Wednesday, June 10. Shares are likely to be credited to successful applicants’ demat accounts on Thursday, June 11, and refunds are also expected to be initiated on June 11. The listing is scheduled for Friday, June 12, 2026.

The shares are expected to list on both the BSE and the NSE, making it a mainboard listing.

Snapshot table: terms and schedule

Grey market signals reported ahead of the issue

Reports around the issue also pointed to early grey market indicators. One update stated there was no activity in the grey market so far. Another data point, attributed to investorgain.com, put the grey market premium (GMP) at zero. A GMP of zero typically indicates that the informal market is not pricing a listing premium over the issue price at that point in time. These are unofficial indicators and can change quickly, but they are widely tracked by short-term participants.

What the OFS-only structure means for investors

Because the issue is entirely an OFS, investors evaluating the IPO should keep in mind that the company itself does not receive capital from the transaction. In practical terms, the IPO does not directly add new funds for expansion or working capital through this issuance. The key output of the IPO is the shift to public-market ownership and a listing on the stock exchanges, along with a partial exit for existing shareholders.

This is not a judgment on business quality, but it changes how some investors read the purpose of fundraising. With a fresh issue, proceeds flow into the business; with an OFS, proceeds flow to the selling shareholders.

Company and registered address details disclosed

The company’s address is stated as Hexagon Nutrition Ltd., 404 Global Chamber, Adarsh Nagar Link Road, Andheri (W), Mumbai, Maharashtra, 400053. Contact details mentioned include a phone number (+91 22 6213 6710) and the email cs.hnpl@hexagonnutrition.com, along with the website https://hexagonnutrition.com/.

Market impact: what is known so far

The immediate market impact visible from publicly reported information is the completion of the anchor placement at ₹45 per share, and the grey market readings cited as flat to muted (including a reported GMP of zero). With the book-building band set at ₹42 to ₹45, the final issue price and subscription levels across QIB, non-institutional, and retail categories will be the key datapoints after the issue opens.

The next confirmed milestones are the close of bidding on June 9, the allotment finalisation on June 10, and the stock’s debut on June 12 on BSE and NSE.