Mamaearth shares fall 4% after surging 43% in 5 sessions; here’s why
The stock exchanges have lowered the daily circuit limit for Honasa from 20% to 10% in the backdrop of recent sharp movement in the share price.
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November 2023
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Mamaearth shares hit 20% upper circuit as Q2 profit nearly doubles
Shares of Mamaearth parent, Honasa Consumer, have risen 30% against its IPO price of ₹324
Mamaearth Q2 profit at ₹29.4 cr; revenue up 21% on volume growth
Mamaearth CEO Varun Alagh says Honasa’s business grew 33% YoY in H1 FY24, which is 3.8 times median growth of FCMG firms
Mamaearth IPO: Parent firm Honasa debuts at 2% premium at ₹330 on NSE
Post listing, Honasa Consumer shares rose as much as 4.2% to ₹337.6 on the NSE, while it hit a high of ₹337 on the BSE.
Mamaearth IPO subscribed 7.5 times on final day after slow start
Honasa Consumer IPO: The QIB quota was booked 11.5% times, while portions for NIIs and retail investors were subscribed 3.94 times and 1.15 times, respectively.
Mamaearth parent Honasa sets price band at ₹308-324 for its ₹1,701 cr IPO
IPO of Varun and Ghazal Alagh-led skincare company comprises fresh issue of ₹365 crore and offer for sale of 4.1 crore shares by existing shareholders
Mamaearth parent Honasa plans to launch ₹1,700 cr IPO on Oct 31; eyes ₹10,500 cr valuation
The IPO of Mamaearth is expected to open between October 31 to November 2, while the anchor portion will open on October 30, according to a media report.
Emerging Companies on the Rise
Fortune India’s The Next 500 event showed how emerging companies are scaling new levels.
Mamaearth’s journey towards a house of brands amidst stiff competition
Mamaearth, a personal care product brand, has become popular in India with its toxin free products.
Fortune India TheNext500: Mamaearth's focus is on customers, says Ghazal Alagh
Almost all multinationals were importing for India rather than crafting for India, says Mamaearth co-founder Varun Alagh.
