Hexagon Nutrition shares made a decent market debut on Friday, listing at a more than 7 percent premium on the exchanges. The issue was subscribed 53.68 times in the primary market between June 5-9.

Shares of Hexagon Nutrition were listed at Rs 48.25 per share on the NSE, a premium of 7.22 percent. The Rs 139-crore issue had a price band of Rs 42-45 per share.

On the BSE, the shares of the company were listed at Rs 48 per share, a premium of 6.67 percent. The company's market capitalisation post listing of shares stood at Rs 590.01 crore.

Hexagon Nutrition market debut was at par with the expecations in the grey market, which had anticipated a premium listing of about 6-9 percent.

Earlier, the company raise raised Rs 41.66 crore from anchor investors. The public issue comprised entirely an offer-for-sale (OFS) of over 3.08 crore equity shares by promoters.

Hexagon Nutrition has said the proposed listing is aimed at enhancing its visibility, strengthening brand recognition and providing liquidity to existing shareholders.

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.