Hexagon Nutrition shares climb over 7 pc in market debut trade

New Delhi, Jun 12 (PTI) Shares of Hexagon Nutrition Ltd listed over 7 per cent higher in their debut trade on Friday against the issue price of Rs 45.

The stock listed at Rs 48, up 6.66 per cent from the issue price on the BSE. It further jumped 11.97 per cent to Rs 50.39.

At the NSE, the stock began trading at Rs 48.25, up 7.22 per cent.

The company’s market valuation stood at Rs 619.38 crore.

The initial public offering of Hexagon Nutrition Ltd was subscribed 53.68 times on the last day of bidding on Tuesday.

The company’s Rs 139-crore IPO had a price band of Rs 42-45 per equity share.

The public issue comprised entirely an offer for sale (OFS) of over 3.08 crore equity shares by promoters.

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 across 75 countries and offers a wide range of products, including micronutrient premixes, therapeutic nutrition, clinical nutrition, wellness products and fortified foods. PTI SUM TRB