Stocks to watch on Tuesday, November 28, 2023: Honasa, Siemens and Newgen Software in focus today as exchanges lower circuit limit, results announcement and a liberal 1:1 bonus share issue.
Shares of the company last closed at Rs 424
Closing Bell on November 23, 2023: In the broader market shares of realty, sugar and textile companies logged strong gains. SmallCaps too outperformed on Thursday.
The number one driver is, as our brands are scaling, we are seeing strong efficiency and leverage in our A&P (advertising and promotions) spends: Varun Alagh
According to the firm's first-ever earnings update since its stock market debut earlier this month, consolidated revenue from operations grew 21 per cent Y-o-Y to Rs 496.1 crore
Shares of Honasa Consumer, the parent company of Mamaearth, hit a new high at Rs 383.80 on the BSE in Wednesday's intra-day trade.
Many on the Street had raised concerns over Honasa's valuation and profitability track record
The qualified institutional buyer portion of the issue was subscribed 11.5 times, with over 80 per cent of the bids coming from overseas investors
At 2:20 PM, the issue was subscribed 5.6 times (5.6x) with QIB portion seeing subscription of 9.4x, followed by Employee portion at 4.34x. Retail investor portion stood at 91 per cent
Co-founders Varun and Ghazal Alagh aim to take Indian beauty brands global as they unveil Honasa's initial public offering, eyeing Rs 1,701 crore in funding
Is Narayana Murthy's 70-hour work week a fair ask? Why is Delhi choking? Should you subscribe to the Mamaearth IPO? Who are whole-time directors? All answers here
Mamaearth IPO: Analysts suggest avoiding the IPO as the company's financial performance and growth strategy do not inspire confidence
The company said it is on the cusp of an increase in profitability trajectory with business model efficiency and operating leverage setting in
Tata Technologies is among the most-awaited IPOs and the same is set to mark its entry into the share market in the second or third week of November
As per the DRHP filed by Honasa Consumer, the proposed IPO consists of fresh issue of shares worth Rs 400 crore, and an Offer for Sale (OFS) of up to 46.80 million equity shares.
Honasa Consumer and Indegene filed their preliminary IPO papers with Sebi in December 2022
Honasa Consumer Ltd, which owns FMCG brands Mamaearth and The Derma Co, and healthcare tech firm Indegene Ltd have received markets regulator Sebi's clearance to raise funds through Initial Public Offerings (IPOs). In addition, engineering, procurement and construction (EPC) firm Vishnu Prakash R Punglia Ltd obtained Sebi's go-ahead to float the initial share sale. Honasa Consumer and Indegene filed their preliminary IPO papers with Sebi in December 2022, while that of Vishnu Prakash R Punglia was filed in April 2023. The three companies obtained Sebi's observations letter during July 25-28, an update with the regulator showed on Thursday. In Sebi's parlance, its observations mean it's go-ahead to launch the public issue such as IPO and FPO (Follow-on-Public Offer). Going by the draft papers, Honasa Consumer's proposed IPO comprises a fresh issue of equity shares worth up to Rs 400 crore and an Offer For Sale (OFS) of up to 4,68,19,635 shares by promoters and existing ...
Indian consumers want products that chemical free and are environmentally safe
Pluckk, a leading food-tech direct-to-consumer company, focused on farm to fork fresh produce, on Monday announced the appointment of Kunwarjeet Grover as the company's Head of Growth
The firm's annual profit was Rs 14 crore the last year