IPO: The co-founder of the company is hopeful even though the investors (Investment) are not showing such enthusiasm. Mamaearth IPO failed to gain the confidence of investors even though it was publicized in the stock market.
Company expecting Mamaearth IPO
The IPO of Mamaearth’s parent company, Honasa Consumer Pvt Ltd, did not get the same response from investors. However, the founders of the company are confident about the good performance of the IPO in the stock market. Mama Earth co-founder Ghazal Alag has opened up about this. The market is ready for you, says ex-judge of Shark Tank India. Honasa Consumer will surely win you over.
Mamaearth IPO No response IPO
Honasa India’s IPO on November 2 was oversubscribed only 7.61 times on the last day. After this reaction of the investors, it is feared that the investors may be disappointed with the listing date of the IPO. Amidst this apprehension, Ghazal Alag posted a picture taken in front of the stock market bull on the social media platform. On X he wrote – Market, we are ready for you. Honasa Consumer will definitely succeed in winning you over.
Mamaearth IPO Following Ghazal Alagh’s post, social media users are questioning the value of MamaEarth’s IPO. A user commented on Ghazal Alag’s overconfidence. Kakul Mishra writes, This super confident look like Paytm’s CFO. To which Ghazal wrote – It is not overconfidence, we have confidence in our business.
Mamaearth IPO Honasa Consumer Pvt Ltd’s IPO closed with only 7.61 times subscription on the last day. The weakest response was received from retail investors. Reserve quota for retail investors is subscribed only 1.35 times. Whereas the reserve quota for institutional investors was subscribed 11.50 times and the quota for non-institutional investors was subscribed only 4 times. On November 2, the IPO was trading at a premium of just Rs 9 in the gray market. Which disappointed the investors.
FD Interest Rates: Which bank offers the highest interest rates on fixed deposits? You can get 9.5 percent
Tags: tankindiafamemamaearthcofoundergazalalaghonipopoorresponsesaysitsnotoverconfidence Mamaearth IPO Investors respond Mama Earths IPO cofounder Ghazal opens
