Hexagon Nutrition IPO subscribed 1.65x on Day 2 as retail piles in
The ₹138.87-crore OFS by Pentasure and Obesigo maker Hexagon Nutrition is 1.65x covered on Day 2, led by retail (2.42x) and NII (2.03x), with QIBs still on the sidelines. Priced at ₹42-45 (P/E 15.3x) with a ₹6.5 GMP, SBICAP and BP Equities tag it Subscribe.
What happened
Hexagon Nutrition's ₹139-crore IPO subscribed 1.65x on Day 2, driven by retail (2.42x) and NII (2.03x) demand; QIBs yet to bid. Brokerages SBICAP and BP
Key facts
- 1.65x subscription
- ₹138.87 crore issue size
- ₹42-45 price band
- ₹41.66 crore anchor
- GMP ₹6.5
- 3.08 crore OFS shares
- P/E 15.3x
- retail 2.42x
- NII 2.03x
Why this matters
Pentasure and Obesigo's specialty nutrition footprint becoming public at ~₹45 sets a fresh comp for clinical/functional nutrition M&A and could surface bolt-on targets in adjacent wellness brands.