Shares of Mamaearth's parent company Honasa entered the market, investors got a profit of Rs.
Honasa Consumer listing: Today shares of Mamaearth's parent company Honasa have been listed in the stock market. The company launched its IPO in October. Investors have liked the IPO of this company a lot. The company's shares are listed flat on BSE, while the company's shares are listed on NSE with a premium of 2 percent.
Shares of Honasa Consumer Limited, owner of new-age FMCG brands like Mamaearth and The Derma Company, have entered the stock market today. The company's shares had a very slow start. The company's shares are listed at Rs 324 per share. Whereas, if we talk about BSE, the company's shares are listed flat and on NSE they are listed with a premium of 2 percent.
The stock started trading at Rs 330, up 1.85 percent, on the NSE. Later it reached a high of Rs 337.60 and a low of Rs 323. The stock is listed on BSE at an issue price of Rs 324. The market valuation of the company during this morning's trade stood at Rs 10,718.99 crore.
Thursday was the last day to subscribe to Honasa IPO in the last trading week. On this day the company's IPO was subscribed 7.61 times. The value of the company's IPO was Rs 1,701.44 crore. At the same time, the price band of this IPO was Rs 308-324 per share. Honasa Company was founded in 2016 by husband-wife duo Varun and Ghazal Alagh.
It started with the launch of Mamaearth and over the years has added five more brands to its portfolio, including The Derma Company, Aqualogica, Ayuga, Beeblunt, and Dr Sheth, and created a 'House of Brands' architecture.
