Hexagon Nutrition IPO covered 3.87x on Day 2, retail leads at 5.51x
The ₹139-crore issue from the maker of Pentasure, Obesigo and Pediagold drew 5.51x retail and 5.01x NII demand by Day 2, while QIBs trailed at 0.17x. Priced at ₹42-45 (P/E 15.3x) with ₹41.66 crore anchor book and PAT CAGR of 104.6% over FY23-FY25, SBI Securities tags it a long-term subscribe ahead of June 12 listing.
Hexagon Nutrition's ₹139-crore IPO subscribed 3.87x on Day 2, led by retail (5.51x) and NII (5.01x). The branded nutrition company behind Pentasure, Obesigo and Pediagold lists June 12; SBI Securities recommends subscribe for long term.