Mamaearth Parent Honasa Consumer Makes Tepid Debut At 1.85% Premium On NSE

Mamaearth, India's leading beauty and personal care brand, made a mutes appearance on the stock market on Nov 7, with its shares listing at 1.85% premium. The company's IPO was oversubscribed 7.61 times, with strong demand from institutional investors. Mamaearth is known for its natural and toxin-free products, which have become popular with consumers in recent years. The company plans to use the proceeds from its IPO to expand its reach and launch new products.