Honasa Consumer shares slide 6% amid block deal; Peak XV Partners, Sequoia Capital likely sellers
Peak XV Partners and Sequoia Capital held 18.69% and 4.35% shares, respectively, in the Mamaearth parent as of June 30, 2024.
Peak XV Partners and Sequoia Capital held 18.69% and 4.35% shares, respectively, in the Mamaearth parent as of June 30, 2024.
Honasa Consumer has received NCLT approval for the merger of its subsidiaries Fusion Cosmeceutics and Just4Kids with it.
Honasa Consumer posted highest ever quarterly net profit of ₹30.4 crore in Q4 FY24, against a loss of ₹161.7 crore in the last year quarter.
PNB and Union Bank will be added to the MSCI Global Standard Indexes, while NMDC, GMR Airport, BHEL, PNB, and Union Bank will enter India standard indices
The stock exchanges have lowered the daily circuit limit for Honasa from 20% to 10% in the backdrop of recent sharp movement in the share price.
The Mamaearth stock hits an intra-day high of ₹487, its all-time high so far and up 13.2% against the previous session close
Shares of Mamaearth parent, Honasa Consumer, have risen 30% against its IPO price of ₹324
Mamaearth CEO Varun Alagh says Honasa’s business grew 33% YoY in H1 FY24, which is 3.8 times median growth of FCMG firms
Post listing, Honasa Consumer shares rose as much as 4.2% to ₹337.6 on the NSE, while it hit a high of ₹337 on the BSE.
Honasa Consumer IPO: The QIB quota was booked 11.5% times, while portions for NIIs and retail investors were subscribed 3.94 times and 1.15 times, respectively.