BSE. Honasa Consumer share price opened at ₹291.50 against the previous close of ₹302.15 and fell 15.24 per cent to its fresh all-time low of ₹256.10. Around 9:45 am, the stock was down 12.38 per cent at ₹264.75.
From its IPO price of ₹324, Honasa Consumer share price is now 21 per cent down to hit its new low. The stock made its debut on bourses on Tuesday, November 7. As Mint reported earlier, it was listed at ₹330 per share, a 1.85 per cent premium to the issue price and ₹324 on BSE.
The Honasa Consumer IPO was open between October 31 and November 2 and the price band was set in the range of ₹308-324 apiece with a lot size of 46 shares. The IPO raised a total ₹1,701 crore, which included a fresh issue of ₹365 crore and an offer-for-sale (OFS) of up to 4.12 crore equity shares. (Exciting news! Mint is now on WhatsApp Channels. Subscribe today and stay updated with the latest financial insights! Click here!) The IPO was subscribed 7.61 times on day 3.
Mamaearth IPO retail investors portion was subscribed 1.35 times, the NII portion was subscribed 4.02 times, and Qualified Institutional Buyers (QIB) portion was booked 11.50 times, and the employee portion was subscribed 4.87 times. Also Read: Honasa Consumer IPO listing: Mamaearth share price debuts at a mere 2% premium at ₹330 on NSE It also raised a capital of ₹765.20 crore from anchor investors on Monday, October 30. Seven prominent mutual funds invested ₹253 crore in the Mamaearth IPO, receiving 33.1% of the anchor allocation.
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