Hexagon Nutrition IPO subscribed 1.65x on Day 2 as retail piles in
The ₹138.87-crore OFS by Pentasure and Obesigo maker Hexagon Nutrition is 1.65x covered on Day 2, led by retail (2.42x) and NII (2.03x), with QIBs still on the sidelines. Priced at ₹42-45 (P/E 15.3x) with a ₹6.5 GMP, SBICAP and BP Equities tag it Subscribe.
Hexagon Nutrition's ₹139-crore IPO subscribed 1.65x on Day 2, driven by retail (2.42x) and NII (2.03x) demand; QIBs yet to bid. Brokerages SBICAP and BP Equities recommend Subscribe on the nutrition-brand OFS.