'The sun is shining a little brighter today.' Ghazal Alagh euphoric after Honasa listing, investor Kunal Bahl says happy to provide a few oars to push ship forward
Ghazal Alagh, founder of Honasa Consumer, turned introspective as the omnichannel personal-care retailer listed on the National Stock Exchange (NSE). The 35-year-old took to Twitter to reflect on the moment that played out at the bourses as the shares of Honasa Consumer — the parent company of beauty and personal care brand Mamaearth — listed on the stock exchanges on Tuesday at a 2% premium over their issue price of Rs 324.
Ghazal, euphoric over a successful debut, wrote that the sun is shining a little brighter today.
She did a flashback to Honasa's humble start in a small apartment in Delhi to listing at the bourses, calling it quite a journey.
«The sun is shining a little brighter today. From starting up in small apartment to stock exchange, it’s been a journey for @honasa_india.
Thank you for believing in us,» the Panjab University alumna wrote.
The company’s initial public offering (IPO) was subscribed 7.6 times the shares on offer, primarily by qualified institutional buyers (QIBs). The retail portion of the issue was also subscribed 1.36 times.
For the shepreneur, this is just the beginning, and she went on to add that «together we will achieve much more by continuing to challenge norms and transform industries. The future belongs to the resilient!»
Her husband and company co-founder Varun, in his pre-listing speech at the NSE said that the time has come to take Indian skincare products global.
«There are so many amazing global beauty companies that have not just won their own market but taken their beauty to the entire world.
