Hexagon Nutrition opens ₹139 cr IPO at ₹42-45; GMP ₹10, brokerages back subscribe
Hexagon Nutrition's all-OFS ₹139 crore IPO launches with a price band of ₹42-45 and grey market premium of ₹10. Brokerages including BP Equities and SBI Securities recommend subscribing, citing leadership in the nutrition premix segment, 104.6% PAT CAGR over FY23-25, and a P/E of 25.7x FY25 earnings.
What happened
Hexagon Nutrition's ₹139 crore IPO (entirely OFS) opens with price band ₹42-45 and GMP of ₹10. Multiple brokerages including BP Equities and SBI Securities
Key facts
- price band ₹42-45
- issue size ₹139 crore
- GMP ₹10
- lot size 333 shares
- P/E 25.7x FY25
- PAT CAGR 104.6% FY23-25
Why this matters
Hexagon's leadership in nutrition premixes and listed currency post-IPO position it as a potential consolidator or acquisition target in India's fragmented clinical and functional nutrition supply chain.