Mamaearth parent’s Honasa Consumer shares jump 7% post Q4
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.
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.
Fortune India’s MPW winners have set the stage for the future.
Emerging from a period of stagnation spanning the past 12-16 months, nearly 40 new-age companies are preparing to go public or become IPO-ready by FY25.
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
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.
The ₹1,701 crore IPO of Honasa Consumer will open for subscription today and close on November 2.
IPO of Varun and Ghazal Alagh-led skincare company comprises fresh issue of ₹365 crore and offer for sale of 4.1 crore shares by existing shareholders