Mamaearth IPO: Reactions from shareholders, startup ecosystem on its listing
Honasa Consumer, the parent entity of Mamaearth brand, listed on bourses on Tuesday, with a premium of 2% over the issue price. The stock got listed at Rs 330 on NSE as against the IPO price of Rs 324. Meanwhile, on BSE, it debuted at Rs 324.
The IPO closed on Thursday, with it getting bids for 7.61 times the shares on offer.
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Reactions on listing
The Indian startup ecosystem reacted with much enthusiasm and appreciation to Honasa Consumer’s listing.
Kunal Bahl, Snapdeal CEO and cofounder of Titan Capital, an early investor in Mamaearth, took to X to applaud the founders, Varun Alagh and Ghazal Alagh, on the listing day.
“Inspiring day for founders in! @VarunAlagh and@GhazalAlagh have started a revolution. <a data-ga-onclick=«Inarticle articleshow link click#Tech#href» href=«https://twitter.com/hashtag/MamaearthIPO?src=» https: rel=«nofollow»>#MamaearthIPO<a data-ga-onclick=«Inarticle articleshow link click#Tech#href» href=«https://twitter.com/hashtag/Honasa?src=» https: rel=«nofollow»> #Honasa,” Bahl wrote in his post.
Bahl’s cofounder at Titan Capital, Rohit Bansal also congratulated the Alaghs on the listing.
“Congratulations@VarunAlagh and@GhazalAlagh on@mamaearthindia IPO. You have inspired a whole
