Mamaearth IPO closes with 7.61 times bids

New Delhi: The public subscription of Mamaearth parent Honasa Consumer's initial public offering (IPO) closed on Thursday with bids being placed for 7.61 times the shares on offer.

The final day push came in from qualified institutional buyers (QIBs), who put in bids for 11.5 times the shares reserved for the category. The retail portion of the IPO was also subscribed 1.35 times.

The company had reserved 75% of the issue for QIBs, and 15% for the HNI (high net-worth individuals) portion. For retail investors, the company had reserved 10% of the issue size.


The portion reserved for Honasa Consumer's employees was subscribed 4.87 times. The company had reserved shares worth ₹1 crore for its employees.

Honasa Consumer had raised ₹765.19 crore from anchor investors including Abu Dhabi Investment Authority, Fidelity, Goldman Sachs, Capital Group and Norges Bank on Monday.

With an oversubscribed issue, the focus of the public offering has now moved to the company's listing, which is expected to happen next week.