Hexagon Nutrition IPO booked 4.59x on Day 2; retail leads at 6.21x, GMP holds Rs 6
Hexagon Nutrition's Rs 138.87 crore IPO at Rs 42-45 band saw 4.59x subscription on Day 2, with retail oversubscribed 6.21x. GMP steady at Rs 6 signals ~13% listing premium. The micronutrient premix and clinical nutrition player posted FY25 income of Rs 331.29 crore and PAT of Rs 24.38 crore. Lists June 12 on NSE/BSE.
What happened
Hexagon Nutrition's Rs 138.87 crore IPO booked 4.59x on Day 2 with retail at 6.21x and GMP at Rs 6. The micronutrient premix and clinical nutrition company
Key facts
- Rs 138.87 crore
- Rs 42-45 price band
- 4.59x subscribed
- GMP Rs 6
- FY25 income Rs 331.29 crore
- PAT Rs 24.38 crore
Why this matters
Hexagon's successful IPO at Rs 138.87 crore raise sets a fresh comp for micronutrient premix and clinical nutrition assets, potentially repricing acquisition targets in the specialty ingredients space.