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Mamaearth Parent Honasa Consumer Makes Tepid Debut At 1.85% Premium On NSE
Updated: November 7, 2023 12:27 PM IST
Mamaearth, India's leading beauty and personal care brand, made a mutes appearance on the stock market on Nov 7, with its shares listing at 1.85% premium. The company's IPO was oversubscribed 7.61 times, with strong demand from institutional investors. Mamaearth is known for its natural and toxin-free products, which have become popular with consumers in recent years. The company plans to use the proceeds from its IPO to expand its reach and launch new products.
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