PNB, NMDC, Union Bank, BHEL, GMR Airport enter MSCI indices; here’s how stocks reacted
PNB and Union Bank will be added to the MSCI Global Standard Indexes, while NMDC, GMR Airport, BHEL, PNB, and Union Bank will enter India standard indices
PNB and Union Bank will be added to the MSCI Global Standard Indexes, while NMDC, GMR Airport, BHEL, PNB, and Union Bank will enter India standard indices
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.
The Mamaearth stock hits an intra-day high of ₹487, its all-time high so far and up 13.2% against the previous session close
Shares of Mamaearth parent, Honasa Consumer, have risen 30% against its IPO price of ₹324
Mamaearth CEO Varun Alagh says Honasa’s business grew 33% YoY in H1 FY24, which is 3.8 times median growth of FCMG firms
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.
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.
Flair Writing Industries plans to raise ₹745 crore via IPO route, while Muthoot Microfin aims to garner around ₹1,350 crore.
The ₹1,701 crore IPO of Honasa Consumer will open for subscription today and close on November 2.
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