Why Honasa Consumer Share Price is Falling? Mamaearth Marked All time Low on Exchanges!

Honasa Consumer launched their IPO recently. The stock price fell by 15% in total on Thursday’s closing. The stock price reached its all-time low of Rs. 270.65 by Friday at 9:45 a.m. We will share details about the current position of Honasa Consumer in the share market below. The company launched its IPO on 31 October 2023. It closed on 2 November 2023. The stock was a good performer for the first few days. It started falling in the last 3-4 days and achieved its all-time low.

Why Honasa Consumer Share Price is Falling? Mamaearth Marked All time Low

Honasa Consumer Share Price Marked All-Time Low And Fall Over 15%

Honasa Consumer IPO launched with a listing price of Rs. 330 per share with a 2% premium on the issue price of Rs. 324 in BSE. Their price ranged from Rs. 308 to Rs. 324. Honasa Consumer had a lot size of 46 equity shares. The company’s stock price started falling a few days ago. It reached its all-time low of Rs. 270.65 by 9:45 am on Friday. It opened at Rs. 290.60 INR on 10 Nov 2023.

The stock is finally showing some positive results. It has shown a rise in its issue price by Friday evening. It closed at Rs. 323.50 on 10 Nov 2023. The stock is expected to grow and show positive results within a few days. The market is volatile and nothing can be said for sure.

The company had an issue size of Rs. 1701 crores. The shares were allotted by 7 November 2023. It is listed on both NSE and BSE. The fresh issue of shares was Rs. 365 crores and the offer for sale was 4.12 crores approx. The total subscribes for the IPO was 7.61 times by day 3. It was 11.5x by QIB, 4.02x by NII, 1.35x by retail, and 4.87x by employees.

The main individual investors in the company are Shilpa Shetty Kundra, Junal Bahl Mariwala, and Rohit Kumar Bansal. The company is planning to expand further. It is the parent company of Mamaearth, The Derma Co., Aqualogica, Dr. Sheith’s, and Ayuga. Many investors stepped back after the fall on tomorrow. The growth in the company’s share today has given a little confidence to the investors. We will update you about the upcoming performance of the share as soon as we get more details. Honasa’s IPO was much-awaited. It was postponed earlier as well. The launch with a fall was a difficult phase for the investors. Stay tuned for more information.

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