The bidding window for the initial public offering (IPO) of Hexagon Nutrition Ltd opened today, June 5. On Day 1, the public issue has so far received strong interest from retail investors.
The Rs 139-crore IPO, which opened for public subscription on June 5, will close on Tuesday, June 9. The company has fixed a price band of Rs 42-45 per equity share for the issue.
Created with AI. Errors are possibleHexagon Nutrition IPO: Investors should apply or not?
Brokerage firm SBI Securities has recommended to apply for the public issue of Hexagon Nutrition for a long-term investment horizon.
The brokerage said Hexagon Nutrition operates in a structurally growing nutrition and wellness industry, supported by increasing health awareness and rising demand for fortified food products.
“The company benefits from a diversified business model and holds a strong position in premix formulations, backed by its global presence,” it said adding that the company has demonstrated robust profitability growth, with Revenue, EBITDA, and PAT growing at a CAGR of 8.0%, 35.1%, and 104.6% respectively over FY23–FY25.
“At the upper price band of Rs 45, the IPO is valued at a P/E multiple of 15.3x based on annualized 9MFY26 earnings. We recommend investors to SUBSCRIBE to the issue for long-term investment horizon,” SBI Securities recommended.
Hexagon Nutrition IPO GMP Today: What grey market premium indicates?
The grey market sentiment remains upbeat for Hexagon Nutrition IPO so far. According to several websites that track grey market activities, the Hexagon Nutrition IPO is currently commanding a GMP of Rs 12 over its issue price of Rs 45.
This translates into a premium of around 26.67 per cent, indicating an estimated listing price of about Rs 57 per share.
Hexagon Nutrition IPO: Anchor investors
On Thursday, Hexagon Nutrition Ltd raised Rs 41.66 crore from anchor investors ahead of its initial public offering (IPO).
As per the circular, Hexagon Nutrition allotted 92.57 lakh equity shares to these investors at Rs 45 apiece.
Hexagon Nutrition IPO details
The proposed public issue is entirely an offer-for-sale (OFS) of over 3.08 crore equity shares by promoters. At the upper end of the price band, the issue size is pegged at Rs 138.87 crore.
Hexagon Nutrition said the proposed listing is aimed at enhancing its visibility, strengthening brand recognition and providing liquidity to existing shareholders.
Founded in 1993, the company started as a micronutrient formulations business and later diversified into branded nutrition products. Its portfolio includes brands such as Pentasure, Obesigo and Pediagold across health, wellness and clinical nutrition segments.
Hexagon Nutrition has a presence in 75 countries and offers products including micronutrient premixes, therapeutic nutrition, clinical nutrition, wellness products and fortified foods.
Hexagon Nutrition IPO listing date
Shares of the company are expected to be listed on stock exchanges on June 12.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
