Hexagon Nutrition debuts on bourses with modest 6% GMP after 54x subscription
Research-based nutrition firm Hexagon lists today on NSE/BSE following a strong 54x oversubscription, led by NII at 162x and QIB at 20x. GMP of Rs 2.75 over the Rs 45 issue price signals a muted 6.11% listing pop. Backed by FY25 revenue of Rs 331 cr and PAT of Rs 24.4 cr across plants in Nasik, Chennai and Thoothukudi.
Hexagon Nutrition, a research-based nutrition company making micronutrient premixes and clinical foods, debuts on NSE/BSE today after 54x subscription. GMP of Rs 2.75 signals modest 6% listing gain. Operates plants in Nasik, Chennai, Thoothukudi with 358 distributors.