Honasa Consumer IPO subscribed 13% on Day 1

The initial public offering of Honasa Consumer, parent company of beauty and personal care brand Mamaearth, was subscribed 0.13 times, or 13%, on the first day of subscription. 

The demand for the Rs1,701 crore-IPO was led by the portion reserved for employees, which was subscribed 1.98 times, followed by demand from retail individual investors, subscribing 0.34 times, or 34%. The portion of qualified institutional buyers was subscribed 0.10 times, or 10%, and that of non-institutional investors was subscribed 0.03 times, or 3%. 

Also Read

Honasa Consumer IPO opens, GMP rises over 2%; should you subscribe to the issue?

The company, on Monday, had raised Rs 765.2 crore from anchor investors by allocating 23.6 million equity shares. Institutional buyers such as Abu Dhabi Investment Authority, Fidelity, ICICI Prudential, WhiteOak Capital, Franklin Templeton, SBI Life Insurance and Max Life Insurance picked up shares at the upper price band of Rs 324 per share.

IREDA keen on short-term funding for hydro-power, targets 500 GW of green electricity by 2030 Skilled personnel count under MSME Ministry jumps 14% in 2023-24 but yet to regain pre-Covid levels Mutual Fund Calculator: Start Rs 1000 SIP at age 20 and retire with Rs 3 crore corpus – Here’s how Neeraj Chopra: A look at his three-storey bungalow in Haryana, Rs 2 crore Range Rover Sport, and Rs 37 crore net worth

According to a company filing, seven domestic mutual funds including Aditya Birla Sun Life, Nippon, Axis and Invesco, among others, were allocated 33% of the anchor issue worth Rs 253.6 crore.

Related Posts