Mamaearth shares fall 4% after surging 43% in 5 sessions; here’s why
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 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.
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
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.
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
The IPO of Mamaearth is expected to open between October 31 to November 2, while the anchor portion will open on October 30, according to a media report.
Almost all multinationals were importing for India rather than crafting for India, says Mamaearth co-founder Varun Alagh.
“Movement of consumers from middle class to upper-middle class is going to be a very large trend over the next couple of decades,” says Varun Alagh, co-founder & CEO at Mamaearth.