Hexagon Nutrition IPO - Day 2 GMP, Subscription Status

5 Jun 2026 , 01:11 PM

Issue Snapshot

• IPO Type: Book-built, OFS only
• Issue Size: ₹138.87 crore
• Price Band: ₹42–45 per share
• Lot Size: 333 shares
• Minimum Retail Investment: ₹14,985
• IPO Opens: 5 Jun 2026
• IPO Closes: 9 Jun 2026
• Tentative Listing: 12 Jun 2026

 

About the company – Hexagon Nutrition

• Research-driven nutrition company operating across micronutrient premixes, wellness and clinical nutrition products, therapeutic formulations, and ready-to-use foods.
• Manufacturing facilities in Maharashtra, Tamil Nadu, and Uzbekistan.
• Exports to more than 75 countries.
• Dedicated R&D facilities in Nasik and Chennai.

 

Financial Highlights

• FY25 Revenue: ₹331.3 crore
• FY25 PAT: ₹24.4 crore
• FY25 EBITDA Margin: 12.3%
• FY25 ROE: 10.5%
• FY25 Debt-to-Equity: 0.14x

 

Positives

• Improving profitability and margins.
• Low leverage balance sheet.
• Strong export footprint.
• Research and product development focus.

 

Key Risks

• OFS-only issue; company receives no fresh capital.
• High dependence on premix formulation segment.
• Customer concentration risk from top 10 customers.
• Raw material price volatility.
• Peer comparison with larger FMCG companies may not be fully comparable.

 

GMP and Subscription Trend

• GMP for 5th June 2026 is traded at ₹12 on the issue price of ₹45 per share
• Estimated listing at ₹57, up 26% from the issue price
• The issue was subscribed 0.21x times on the first day (data as of June 5, 2026, 11:00 AM)

 

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