• Source:JND

Hexagon Nutrition's initial public offering (IPO) concluded on a high note on June 9, receiving bids for 1,15,96,08,897 shares against 2,16,02,008 total issued shares--53.68 times or 5,368 per cent against the issue size. The initial share sale was open for public subscription between Friday, June 5, and June 9, Wednesday. However, despite a massive bidding, Hexagon Nutrition's GMP remained subdued.   

Subscription Status

According to NSE's data, the IPO was subscribed 53.68 times till 5:48 PM on June 9--the final day of bidding. 

Total Subscription: 53.68 times

Retail Individual Investors Quota: 26.85 times 

Non-Institutional Investors Quota: 161.49 times 

Qualified Institutional Buyers (QIB) section: 19.77 times 

Also Read: Filing ITR Early? Why You Should Wait Until June 15 To Avoid a Tax Notice

Hexagon Nutrition GMP Today

The massive subscription trend does not reflect in the unofficial market as Hexagon Nutrition's GMP stood at Rs 2.5 on the final day of bidding, according to Investorgain. The GMP number indicates a potential subdued listing. The shares were trading at Rs 47.5, up 5.56 per cent or Rs 2.5 from the IPO's price band of Rs 45 in the grey market. 

IPO Details 

Earlier, the company fixed a price band of Rs 42-45 per equity share for the share sale as well.

Issue Size: The Rs 139-crore

Offer For Sale

The Mumbai-based company's proposed share sale is entirely an offer-for-sale (OFS) of over 30.8 million equity shares held by the promoter. Because the issue is entirely OFS, Hexagon Nutrition will not receive any public offering proceeds, and the entire proceeds will go to the selling shareholders.

Hexagon Nutrition Listing Date: The company's shares are proposed to be listed on the BSE and the National Stock Exchange (NSE), with a tentative listing date of June 12.

Also Read: Zepto IPO Update: Quick-Commerce Unicorn Files Fresh Papers, Aiming Rs 8,010 Crore Via Fresh Shares

About Hexagon Nutrition

Founded in 1993, Hexagon Nutrition began as a micronutrient formulation company and later expanded into branded nutrition products. Its portfolio brands include Pentasure, Obesigo, and PediaGold in health, wellness, and clinical nutrition. The company also has a presence in 75 countries.

On the financial front, Hexagon Nutrition reported total revenue of Rs 331.28 crore and a profit after tax of Rs 24.38 crore for FY25.


Also In News