Hexagon Nutrition IPO subscribed 1.65x on Day 1; GMP points to 29% listing pop
Hexagon Nutrition's ₹139 crore OFS-only IPO booked 1.65x on Day 1, led by retail (2.43x) and NII (2.03x). Anchors put in ₹41.66 crore at ₹42-45 band. GMP of ₹13 signals ~29% listing premium. FY25 PAT doubled to ₹24.3 crore on revenue of ₹324.92 crore. Issue closes June 9.
What happened
Hexagon Nutrition's ₹139 crore IPO subscribed 1.65x on Day 1, with retail at 2.43x and NII at 2.03x. GMP of ₹13 signals 29% listing premium. Entirely OFS by
Key facts
- 1.65x subscription Day 1
- Retail 2.43x
- NII 2.03x
- Price band ₹42-45
- Issue size ₹139 crore
- Anchor ₹41.66 crore
- GMP ₹13
- FY25 revenue ₹324.92 crore
- PAT ₹24.3 crore
Why this matters
Post-listing, Hexagon becomes a more visible bolt-on or partnership target in the fragmented Indian clinical nutrition space, with anchor backing de-risking strategic conversations.