Hexagon Nutrition IPO: Day 3 subscription tops 10.98x in 2026

Final day for bidding on June 9

Hexagon Nutrition’s initial public offer (IPO) is in its final day of subscription on Tuesday, June 9, 2026. The public issue is sized at ₹138.87 crore (also cited as about ₹139 crore in some updates). The price band is fixed at ₹42 to ₹45 per share. Investors can place bids until the issue closes today. The company’s shares are expected to list on both the BSE and NSE on June 12, 2026.

Price band, lot size, and minimum investment

The IPO is being offered in a ₹42 to ₹45 price band. The lot size is 333 shares, and bids have to be placed in lots (and multiples thereof). Based on the lower end of the band, the minimum retail application amount works out to ₹13,986 (333 shares x ₹42). At the upper end of the band, the same lot would cost ₹14,985 (333 shares x ₹45), which is also cited as the minimum investment in some reports. One update also mentioned that sNII participation would require a minimum investment of ₹2,09,790.

Subscription trends on Day 3: strong retail and NII demand

Exchange-based snapshots during Day 3 showed the issue moving deeper into oversubscription territory. As of 11:00 AM on June 9, 2026, the IPO was subscribed 10.98 times in total. Another update at 11:31 AM on June 9, 2026 reported overall subscription at 12.49 times, with NIIs and retail continuing to lead demand. A separate Hindi-language update stated the issue had been subscribed 16.09 times by the last day, highlighting very strong participation from NIIs and retail investors.

Category-wise demand at 11:00 AM (June 9)

The 11:00 AM Day 3 data showed a clear split between investor classes. Non-institutional investors (NIIs) and retail individual investors (RIIs) were heavily subscribed, while qualified institutional buyers (QIBs) remained low at that point in time.

What earlier bidding data showed (Day 1 and Day 2)

Earlier snapshots indicated the book was building largely on non-institutional and retail participation. On Day 1 (June 5, 2026), the total subscription was reported at 1.65 times, with NIIs at 2.03 times and RIIs at 2.43 times (QIBs marked as N.A. in that table). On Day 2 (June 8, 2026 at 11:30 IST), overall subscription was reported at 4.59 times, with QIBs (ex-anchors) at 0.17 times, NIIs at 6.7 times, and RIIs at 6.22 times. Another exchange-data point for Day 2 said the IPO received bids for 9,91,40,760 shares against 2,16,02,008 shares on offer at 17:00 IST on June 8, 2026, corresponding to a 4.59 times subscription at that time.

Offer-for-sale structure and what it means

The IPO has been described as entirely an offer for sale (OFS). In an OFS, existing shareholders sell their shares to the public, and the proceeds go to the selling shareholders rather than the company. As a result, the company itself does not receive fresh funds from this transaction. For investors, this detail matters because it shapes expectations around immediate balance-sheet funding from the issue.

Key dates: allotment, funds, and listing

Investors tracking the post-bidding process have a tight timeline over the next few sessions. The basis of allotment is expected to be finalised on June 10, 2026. The schedule also indicates funds unblock or debit on June 10, 2026. The shares are likely to list on the BSE and NSE on June 12, 2026.

Market impact: what the subscription mix signals

The available subscription snapshots show a book led by NIIs and retail investors through the first two days and into Day 3. At 11:00 AM on Day 3, NIIs were at 24.12 times and retail at 11.52 times, while QIBs were at 0.19 times, indicating institutional participation was muted at that point. Subsequent updates showed the overall subscription rising further (12.49 times at 11:31 AM), and another report described total subscription at 16.09 times by the final day. These variations are consistent with rapidly changing demand as bids update through the session.

Analysis: why the final-day data matters

With the issue closing on June 9, the final hours of bidding can materially change category-wise and total subscription figures. In this IPO, the data points consistently highlight aggressive non-institutional bidding and strong retail participation. The QIB figure at 0.19 times (11:00 AM snapshot) stands out as the weakest segment in the book at that time. For market participants, the allotment date on June 10 becomes the next milestone because it converts demand into actual allocations, which then feeds into trading interest around the June 12 listing.

Conclusion

Hexagon Nutrition’s ₹138.87 crore IPO closes today, June 9, 2026, with multiple intraday updates showing strong oversubscription led by NIIs and retail investors. The basis of allotment is expected on June 10, followed by listing on BSE and NSE on June 12, 2026.