12% of Honasa Consumer IPO Subscribed on the First Day
Mamaearth’s parent company, Honasa Consumer, has received a lukewarm response from institutional investors during its public issue. Prior to its initial public offering (IPO), the company managed to raise a substantial amount of ₹765 crore from anchor investors. On the first day of the issue, the IPO saw a subscription of only 12%. This lack…
