Mamaearth stock sees muted listing, opens at 1.8% premium
Honasa Consumer, the parent company of Mamaearth, saw a lukewarm debut on the stock market today. Its shares opened at Rs. 330 apiece on the NSE and Rs. 324 apiece on the BSE, just matching the upper end of the issue price of Rs. 324. Despite strong interest from qualified institutional bidders (QIB) who oversubscribed by 11.5 times, retail investors were more cautious, subscribing just 1.4 times their allotted quota.