Hexagon Nutrition IPO closes at 4.59x subscription with Rs 6.5 GMP signaling modest listing pop
The Rs 138.87 crore issue priced at Rs 42-45 enters its final day oversubscribed 4.59x. Grey market premium of Rs 6.5 points to a 14.44% listing gain when shares debut on NSE and BSE on June 12. Company posted FY25 income of Rs 331.29 crore and PAT of Rs 24.38 crore.
What happened
Hexagon Nutrition's Rs 138.87 crore IPO enters final subscription day, oversubscribed 4.59x on Day 2 with grey market premium of Rs 6.5 indicating 14.44%
Key facts
- Rs 138.87 crore IPO
- price band Rs 42-45
- GMP Rs 6.5
- 14.44% listing gain
- subscribed 4.59x Day 2
- FY25 income Rs 331.29 crore
- PAT Rs 24.38 crore
Why this matters
Hexagon's successful pricing at 4.59x cover validates the clinical and specialty nutrition segment as a fundable thesis, opening comparable exit windows for private peers and potential roll-up targets in the Rs 300-500 crore revenue band.
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