Hexagon Nutrition IPO subscribed 2.47x on Day 2; GMP signals ~14% listing pop
The Rs 138.87 crore IPO at Rs 42-45 band drew 2.47x demand by Day 2, with grey market premium at Rs 6.5 pointing to a ~14% listing gain. Hexagon, a 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 subscribed 2.47x by day 2, with GMP at Rs 6.5 indicating ~14% listing gains. The nutrition company, focused on
Key facts
- Rs 138.87 crore IPO size
- Price band Rs 42-45
- GMP Rs 6.5
- Subscribed 2.47x
- FY25 income Rs 331.29 crore
- PAT Rs 24.38 crore
- EBITDA Rs 40.07 crore
Why this matters
Hexagon's IPO at ~14x FY25 earnings sets a benchmark for clinical nutrition assets and could trigger strategic interest from larger FMCG and pharma players seeking micronutrient capabilities.