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The IPO of Honasa Consumer Limited, the parent company of beauty and personal care products MamaEarth, is about to open. The company’s IPO will open for subscription on October 31 and will remain open till November 2. Honasa Consumer Limited IPO price band Rs. 308 to Rs. There are 324. The company’s IPO is yet to open, but its shares are trading at a premium on the gray market.
The stock may cross Rs 350 on the first day itself
The price band of Honasa Consumer IPO is Rs 308-324. Shares of the company in the gray market are Rs. 45 are being traded at a premium. If the shares of the company are Rs. 324 if allocated to the upper price band, their listing would be Rs. May be around 370. That is, investors who invest money in a company’s IPO can reap huge gains on the day of listing. Company shares Bombay Stock Exchange and National Stock Exchange Can be listed in both places.
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The company’s shares can be listed on November 10
The allotment of Honasa Consumer Limited shares in the IPO may be finalized on November 7. At the same time, the company’s shares may be listed on the exchange on November 10. Retail investors can bid for a minimum of 1 lot and a maximum of 13 lots in a company’s IPO. 1 lot of IPO has 46 shares. That is, investors have to invest a minimum of Rs 14904. The company’s IPO has a discount of Rs 30 per share for employees. By company issue Rs. 365 crore is preparing to collect. Existing investors in the IPO include Fireside Ventures, Stellaris Venture Partners, Sofina Ventures along with high net worth individuals Kunal Bahl, Rishabh Mariwala, Rohit Bansal and Shilpa Shetty Will sell some of his shares.
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