Hexagon Nutrition has filed its Draft Red Herring Prospectus (DRHP) with market regulator Securities and Exchange Board of India (SEBI).
The company is a holistic nutrition player that offers a whole range of micronutrient across three verticals i.e. branded nutrition (B2C), premix formulations (B2B2C), and therapeutic nutrition products (ESG segment).
It is engaged in the entire value chain, right from research and product development to manufacturing and marketing, with a focus on quality.
Being one of the largest premix players in India, it offers customised vitamin and mineral premixes to leading Indian and multinational FMCG companies. It is also one of the largest licensed suppliers of Micronutrient Powders (MNPs) under UN programmes, supporting global food fortification and public health initiatives.
The company plans to raise funds through an Initial Public Offering. The total Offer size comprises of an Offer-For-Sale aggregating Up to 3,08,59,704 equity shares. (“Total Offer Size”) The Company will not receive any proceeds from the Offer (“Offer Proceeds”)
Equity shares aggregating up to 15,36,477 shares by Arun Purushottam Kelkar and up to 2,41,88,993 shares by Subhash Purushottam Kelkar (both promoter selling shareholders) are included in the offer for sale. Additionally, up to 36,08,142 equity shares by Nutan Subhash Kelkar and up to 15,26,092 equity shares by Aditya Kelkar (both promoter group selling shareholders) are included in the offer for sale.
Cumulative Capital Private Limited and Catalyst Capital Partners Private Limited are the Book Running Lead Manager for the Offer.
