Mamaearth’s parent company, Honasa, raised INR 1,701 crore through a public issue, with shares closing just 4% higher on their first day of listing. While some recent IPOs saw strong listing gains, Honasa struggled to attract investor enthusiasm. Market analysts remain cautious due to high valuations, loss-making operations, a significant portion of offer-for-sale, intense competition with margin pressure, low promoter stake, and weak financials. Honasa’s market capitalization reached INR 10,848 crore, leading to concerns about its long-term prospects. Despite this, some risk-taking investors see potential in its business model.
Debut Listing of Mamaearth Parent, Honasa, Sees Modest Premium Amid Valuation Concerns
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