Mamaearth parent Honasa Consumer IPO Listing Highlights: Shares list at premium of 1.85% on NSE
Mamaearth IPO Listing date today, Honasa Consumer IPO Listing Highlights: Shares of Honasa Consumer Limited, which owns Mamaearth and The Derma Co., debuted at Rs 330 - a premium of 1.85 per cent against the issue price of Rs 324 apiece, on the National Stock Exchange. On the BSE, the stock debuted flat at Rs 324 apiece.
Earlier, the IPO was subscribed 7.61 times on the last day of subscription on Thursday.
Follow Zee Business' BLOG for all the latest updates on the listing of Mamaearth IPO:
Mamaearth IPO Listing date today, Honasa Consumer IPO Listing Highlights: Shares of Honasa Consumer Limited, which owns Mamaearth and The Derma Co., debuted at Rs 330 - a premium of 1.85 per cent against the issue price of Rs 324 apiece, on the National Stock Exchange. On the BSE, the stock debuted flat at Rs 324 apiece.
Earlier, the IPO was subscribed 7.61 times on the last day of subscription on Thursday.
Follow Zee Business' BLOG for all the latest updates on the listing of Mamaearth IPO:
Latest Updates
Mamaearth IPO Listing LIVE: Positive and Negative of Honasa Consumer
Zee Business Managing Editor Anil Singhvi points out the following key points about Honasa Consumer:
Positive
Young and energetic promoters
A strong growth track record
An asset-light model
Valuations reasonable on an EV/sales basis
Big names in the anchor book
Negative
Huge competition
Outsourcing of manufacturing is a risk
Huge ad spends
Still to come in profit consistently
Valuations very expensive at the price-to-earnings (PE) ratio of 173
Mamaearth IPO Listing LIVE: Fresh issue of Rs 365 crore
The Initial Public Offer (IPO) of Honasa Consumer had a fresh issue aggregating up to Rs 365 crore and an Offer For Sale (OFS) of up to 4,12,48,162 equity shares by promoters, investors, and other selling shareholders.
Mamaearth IPO Listing LIVE: Category for QIBs subscribed 11.50 times
The category for Qualified Institutional Buyers (QIBs) was subscribed 11.50 times, while non-institutional investors quota got 4.02 times subscription. The portion for Retail Individual Investors (RIIs) got subscribed 1.35 times.