IPO GMP shows us the premium that someone is willing to pay for the corresponding IPO in the grey market; It is used frequently to forecast the listing price of upcoming IPOs.
Honasa Consumer Limited (HCL), founded in 2016, sells beauty and personal care products via its digital platform. Honasa Consumer was founded on the principles of honesty, natural ingredients, and safe care, and it now serves over 500 cities across India. Internally, the company has grown several consumer brands such as Mamaearth, The Derma Co., Aqualogica, Dr. Sheth's, and Ayuga. It recently acquired stakes in BBLUNT and the Momspresso content platform. HCL is on track to become a $1 billion company with the help of Sequoia Capital India, Sofina SA, Fireside Ventures, and Stellaris Venture Partners.
₹10 per share
₹308 to ₹324
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