Honasa Consumer, the umbrella organization for brands Mamaearth and The Derma Co, is scheduled to disclose its IPO allotment status today. The IPO, which was open for subscription from October 31 to November 2, received a healthy response, oversubscribed by 7.61 times within the price range of ₹308 to ₹324 per share.
The public offering attracted bids for approximately 22 crore equity shares, significantly exceeding the offer size of 2.89 crore shares. The breakdown of subscriptions revealed a broad interest across investor categories. The Qualified Institutional Buyers (QIB) portion was subscribed 11.50 times, while non-institutional investors participated at a rate of 4.02 times the available shares. The retail and employee segments also showed strong interest, with subscription rates of 1.35 and 4.88 times respectively.
As anticipation builds, Honasa Consumer's shares are already being traded in the unofficial market at a premium (Grey Market Premium or GMP) of ₹20 per share. Investors are eagerly awaiting the official listing of the shares on November 7.
Investors can review the application status and allotment details of the IPO on the registrar's website as well as on BSE and NSE platforms.
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