Hexagon Nutrition shares debut at over 7% premium on NSE; here's how much investors made per lot

Shares of nutraceutical company Hexagon Nutrition debuted at ₹48.25 on the National Stock Exchange (NSE) on Friday, June 12. The reflects a premium of 7.22% over the IPO issue price of ₹45 per share.

On the BSE, the stock started trading at ₹48 apiece, up 6.67% from the issue price.

Hexagon Nutrition IPO: Here's how much retail investors made per lot

A lot consisted of 333 shares. Investors who received Hexagon Nutrition IPO allotment made ₹16,067.25 per lot.

The ₹138.87 crore IPO, which had set a price range of ₹42 to ₹45 per share, was an offer for sale (OFS) of 30,859,704 shares by promoters Aditya Kelkar, Subhash Purushottam Kelkar, Arun Purushottam Kelkar and Nutan Subhash Kelkar.

Since there was no fresh issue component, the company will not get any proceeds from the issue.

The firm said that the listing is aimed at enhancing its visibility, strengthening brand recognition and offering liquidity to existing shareholders.

The initial public offering was booked 53.68 times. It got bids for 1,15,96,13,559 shares compared to 2,16,02,008 equity shares on offer, according to the data on the NSE website.

Before the IPO, the company mobilised ₹41.66 crore from anchor investors, including Bandhan Small Cap Fund, CP Capital Ltd, Visionary Value Fund, Innovative Vision Fund and Ampersand Growth Opportunities Fund Scheme-I.

Founded in 1993, Hexagon Nutrition started operations as a micronutrient formulations business and later diversified into branded nutrition products. It owns brands like Obesigo, Pentasure and Pediagold across wellness, health and clinical nutrition segments.

It has a presence across 75 nations and offers an array of products, including clinical nutrition, micronutrient premixes, therapeutic nutrition, wellness products and fortified foods.