Hexagon Nutrition IPO Launches Today: GMP Indicates Strong Investor Interest Hexagon Nutrition, a Mumbai-based health and wellness company, is set to debut on the stock market today with an initial public offering (IPO) aimed at raising nearly Rs 140 crore from the primary market. The IPO, which opens on June 5, features a price band of Rs 42 to Rs 45 per equity share. The company’s unlisted shares have been trading at Rs 57 in the private market, suggesting a potential listing gain of over 25% for investors. The grey market premium (GMP) for the IPO is currently Rs 12, indicating a projected 26.67% premium over the upper end of the price band. This suggests strong investor appetite, though it is important to note that GMP is speculative and not an official indicator. The GMP data is sourced from InvestorGain, a financial analytics platform. The IPO is structured as a book build issue totaling Rs 138.87 crore, which includes an offer-for-sale (OFS) component of 3.09 crore shares. Retail investors must bid for a single lot of 333 shares, requiring an investment of Rs 14,985. Small Non-Institutional Investors are eligible to bid for 14 lots, amounting to Rs 2,09,790, while Big Non-Institutional Investors can participate by bidding for a minimum of 67 lots, which requires Rs 10,03,995. Cumulative Capital Ltd. is the book-running lead manager, and Kfin Technologies Ltd. serves as the registrar for the issue. The subscription period for the IPO runs from June 5 to June 9. Share allotment results are expected to be finalized on June 10, with successful bidders receiving shares in their demat accounts by June 11. Refunds for unsuccessful applicants will also be processed on the same day. Hexagon Nutrition’s shares are scheduled to list on the BSE and NSE on June 12.#bse #nse #hexagon_nutrition #investor_gain #cumulative_capital
