India’s growth story is the most important globally in the 21st century, and those who embrace this story stand to reap epic rewards in the not-too-distant future
Shares of Mamaearth s parent Honasa Consumer continued their downward trend, falling almost 5 percent on Thursday, after a flat listing on Nov 9. The stock has shed as much as 4.7 percent in intra-day to its record low of ₹307. The stock is now 5.2 percent down from its IPO price of ₹324.
Mamaearth’s IPO had sailed through, led by qualified institutional bidders (QIB) who bought 11.5 times while retail investors remained cautious, subscribing 1.4 times the allotted quota
Post the debut, analysts advised investors to book profits in Mamaearth notwithstanding the company s strong brand presence in the Indian BPC market. In their view, most issues with premium valuations struggled to deliver after the listing.