Hexagon Nutrition's Rs 138.87 cr IPO opens with 26.67% GMP signal
Mumbai-based clinical and micronutrient maker Hexagon Nutrition launches its Rs 138.87 crore IPO at a Rs 42-45 price band, with grey market premium of Rs 12 hinting at a 26.67% listing pop. FY25 income hit Rs 331.3 crore and net profit nearly doubled to Rs 24.38 crore. Subscription runs June 5-9, listing June 12.
What happened
Mumbai-based nutrition company Hexagon Nutrition opens Rs 138.87 crore IPO June 5 at Rs 42-45 band, GMP signals 26.67% listing gain. Sells clinical, therapeutic
Key facts
- Rs 138.87 crore
- Price band Rs 42-45
- GMP Rs 12 (26.67%)
- FY25 income Rs 331.3 crore
- FY25 net profit Rs 24.38 crore (+99.8% YoY)
- Lot size 333 shares
Why this matters
Hexagon's listing creates a publicly-priced comparable in clinical and micronutrient manufacturing, opening a window for strategic pharma and FMCG buyers to benchmark India nutrition assets before valuations re-rate post-listing.