Mamaearth IPO Listing: Honasa Consumer Ltd, the parent company of popular FMCG brands like Mamaearth and The Derma Co, made a modest market debut on Tuesday, with its shares listing at ₹330, just about 2% above the issue price of Rs 324 on the NSE.
On the BSE, the stock listed at the issue price of Rs 324, establishing the company's market valuation at Rs 10,718 crore.
The Honasa Consumer IPO, which raised Rs 1,701 crore, witnessed strong interest from investors, with a subscription of 7.61 times on the final day. Founded in 2016 by the husband-wife team of Varun and Ghazal Alagh, this Gurugram-based beauty and personal care company introduced Mamaearth and subsequently expanded its brand portfolio to include The Derma Co, Aqualogica, Ayuga, BBlunt, and Dr. Sheth's, creating a 'House of Brands' architecture.