Hexagon Nutrition debuts on bourses with modest 6% GMP after 54x subscription
Research-based nutrition firm Hexagon lists today on NSE/BSE following a strong 54x oversubscription, led by NII at 162x and QIB at 20x. GMP of Rs 2.75 over the Rs 45 issue price signals a muted 6.11% listing pop. Backed by FY25 revenue of Rs 331 cr and PAT of Rs 24.4 cr across plants in Nasik, Chennai and Thoothukudi.
What happened
Hexagon Nutrition, a research-based nutrition company making micronutrient premixes and clinical foods, debuts on NSE/BSE today after 54x subscription. GMP of
Key facts
- GMP Rs 2.75
- listing price Rs 47.75
- 6.11% gain
- 54x subscription
- QIB 20x
- NII 162x
- RII 27x
- FY25 income Rs 331.29 cr
- FY25 PAT Rs 24.38 cr
- 358 distributors
- 500 employees
Why this matters
Hexagon's public debut at a research-backed nutrition positioning creates a benchmarked comparable for adjacent functional-food and clinical-nutrition assets, opening a window for strategic tuck-ins or partnership conversations while valuations are freshly anchored.