Hanasa Consumer is the parent company of Mamaearth. The share price facing a fall of 6% in the stocks from the IPO Price. They were looking for profit booking but face a continuing fall in the price. We will share details about the Hanasa Consumer’s stock price fall below. The company opened the IPO from 31 October 2023 to 2 November 2023. It got a good response in the IPO with a total amount raised of Rs. 1,701 crores. The investors started withdrawing from the stocks in the last few days.
Hanasa Consumer Share Price Fall By 6%
Hanasa Consumer deals in beauty and personal care products. Their stock price is said to be falling continuously. They launched an IPO almost a week ago. The company was listed on NSE at Rs. 330 with a 2% premium on the issue price. It had an issue price of Rs. 324 on which it was also traded on BSE. The lot size of the company was 46 equity shares. Its IPO offering was at Rs. 304 to Rs. 328. The all-time high of the stocks was Rs. 340. The all-time low of the stock was Rs. 320. A total of 52,516,742 shares were issued. The fresh shares were 11,268,580 shares. The Offer for Sale shares were 41,248,162 shares. It was a book-built issue IPO and was listed at BSE and NSE.
Honasa Consumers offered 11.50x subscriptions to QIB, 4.02x to NII, 2.36x to Retail, 4.88x to Employee. The current share price of Honasa Consumers is Rs. 299.95. It was at the lowest of Rs. 320 per share by Wednesday 8 November. It has reached the lowest of Rs. 299.95 by Wednesday 9 November. Nothing can be said at the moment. The market is always volatile. We will update you as it gets any positive changes in the stock. Many investors are also said to be stepping back from the stock.
Peak XV has the largest hold in the company. Apart from that, Evolvence India also invested Rs. 96.5 Crores in the company. It is also the parent company of Mamearth. Actress Shilpa Shetty has recently posted about her profitability from Mama Earth. She mentions that she has earned around Rs. 45 Crores from her mamaearth investment. The Honasa Consumers also supports Awualogica, Dr. Sheth, and Ayuga. They target different sections in personal and skin care and aim to provide toxin-free products. Stay tuned for more information.