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“Honasa Consumer, a leading Indian beauty and personal care (BPC) company, made its stock market debut today at Rs 330 per share, a premium of around 2% to its IPO price of Rs 324. The IPO was subscribed to 7.95 times, which is a good subscription level. While Honasa Consumer is still a relatively young company, it has quickly grown to become a major player in the Indian BPC market. The company has a diverse product portfolio that includes face care, baby care, hair care, body care, color cosmetics, and fragrances. However, the financial condition of the company is facing some turbulence, and there are other operation-related risks as well. After receiving a decent subscription, Stock was able to give a positive listing. Investors are now suggested to book profit and exit their position,” said Shivani Nyati, Head of Wealth, Swastika Investmart.Read more:
