Mamaearth Q2 profit at ₹29.4 cr; revenue up 21% on volume growth
Mamaearth CEO Varun Alagh says Honasa’s business grew 33% YoY in H1 FY24, which is 3.8 times median growth of FCMG firms
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.
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
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.
The proposed IPO of NSDL has been kept in abeyance in the backdrop of an ongoing probe against NSE, which is the second-largest shareholder in the securities depository firm.
The IPO comprises of fresh issue of equity shares worth ₹400 crore and OFS of up to 4.7 crore share by promoters and existing shareholders.