Honasa Consumer's initial public offering (IPO) has recorded the sixth-lowest retail subscription this year at 1.35 times, despite being the 40th mainboard listing in India, surpassing last year's count of 39 IPOs. The three-day issue saw an overall subscription of 7.6 times, fueled by significant participation from institutional investors and employees.
Retail investors fully subscribed to their portion, leading to a 1.35 times subscription for Honasa Consumer's IPO. However, lower retail interest was observed for SAMHI Hotels, Sai Silks (Kalamandir), HMA Agro, Mankind Pharma, and Avalon Technologies. These companies registered lower subscriptions than Honasa Consumer.
Interestingly, all these companies are currently trading above their issue prices, indicating positive market performance. SAMHI Hotels and Sai Silks (Kalamandir) have reported gains between 10% and 20%, while Mankind Pharma has seen a significant surge of up to 70%. Mankind Pharma is set to release 70% of its shares for trading as its shareholder lock-in ends soon.
Similar trends of cautious retail investor participation but positive market performance have been observed in other recent listings such as Updater Services, Manoj Vaibhav Gems 'N' Jewellers Ltd., and Blue Jet Healthcare.
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