Mamaarth’s parent company Honasa Consumer Ltd. entered the stock market today. The company’s shares were listed on NSE at Rs 330 with a premium of 1.85%, on BSE it was listed at a flat Rs 324 per share, which is its issue price.
IPO got good response on the last day
The issue of Honasa Consumer was subscribed 7.61 times on its last day, the share of institutional investors was subscribed the highest by 11.50 times, the reserve portion for employees was subscribed 4.87 times, while the share of non-institutional investors was subscribed 4.02 times. The share of retail investors was 1.35 times. The IPO was filled only 12% on the first day, while 70% was filled on the second day.
About the company
By June 2023, the D2C unicorn had earned a profit of Rs 24.7 crore, while the revenue was Rs 464 crore. Mamaarth’s parent company Honasa was started by Ghazal Alagh and her husband Varun Alagh in 2016. Mamaearth has become a big name in babycare, skin care and beauty segments and has also got the status of Unicorn.
The company has suffered a loss of Rs 151 crore in the financial year 2023. The company had a net profit of Rs 14.44 crore in FY22. However, operating profit in FY23 has increased by 58% to Rs 1492.75 crore as compared to a year ago. This operating profit is 58% more than FY22.
