Hexagon Nutrition Ltd Share Price

Hexagon Nutrition Ltd was originally incorporated as Hexagon Chemoils Private Limited, a Private Limited Company pursuant to a Certificate of Incorporation dated May 27, 1993 issued by the Registrar of Companies, Maharashtra at Mumbai. The name of Company was changed to Hexagon Nutrition Private Limited dated January 10, 2006 issued by the RoC. Subsequently, Company was converted into a Public Limited and the name of Company was changed to Hexagon Nutrition Limited through a fresh Certificate of Incorporation issued by the RoC, Mumbai on November 15, 2021. Led by the Founder Promoters, Arun Purushottam Kelkar and Subhash Purushottam Kelkar, the Company is a differentiated and research oriented pureplay nutrition company. Their product portfolio addresses a broad spectrum of aspects like fortification of foods, therapeutic nutrition, clinical nutrition and alleviation of malnutrition. The Company is engaged in manufacturing and trading of nutraceuticals clinical or dietary supplements, micronutrient premixes and animal feed.Having started the business in 1993 as a micronutrient formulations player, Hexagon has moved up the value chain to develop brands Pentasure, Obesigo and Pediagold which are leading names in the health, wellness, and clinical nutrition space. The Company started second manufacturing unit in Chennai SEZ (MEPZ) in year 2004. The Pentasure brand was introduced in 2009. In 2013, the Company received approval to establish a food testing laboratory. The Company classify product portfolio mainly into 3 segments, comprising of Branded nutrition products/ clinical nutrition products, Premix formulations and Ready to use foods (RUFs) and Micro Nutrient Powder (MNPs). Presently, it operate 3 manufacturing facilities, in Nasik (Maharashtra), Chennai (Tamil Nadu) and Thoothukudi (Tamil Nadu). But as of now, these facilities are located strategically to ports and dutyfree imports across Chennai and Thoothukudi, especially located in SEZ.The Company offer branded wellness and clinical nutrition products encompassing daily nutritional requirement across demographies from pediatric to geriatric nutrition. They offer customized micronutrient formulation in the form of vitamin and mineral premixes that aresupplied to Indian and multinational FMCG players for fortification of consumer products including malted health beverages, biscuits, dairy products, spreads, flour and edible oils. Their ready to use therapeutic food (RUTF) products are used for treatment of severe acute malnutrition and ready to use supplementary food (RUSF) products are used for treatment of moderate acute malnutrition. The Company has planned an Initial Public Offer of Equity Shares comprising Fresh Issue of Rs 100 Crore and the Offer for Sale of issuing upto 30,113,918 Equity Shares.