In contrast to the recent pattern of robust stock market debuts, the parent company of Mamaearth, Honasa Consumer, made a lackluster entrance onto the exchanges, with a meager 1.85% premium. The stock opened at ₹330 on the National Stock Exchange (NSE) and ₹324 on the Bombay Stock Exchange (BSE), slightly above its issue price of ₹324. Anticipation from the grey market, which showed a ₹26 per share premium a day before the listing, suggesting an 8% boost, didn’t align with the actual debut. The grey market operates unofficially, allowing early share trading before IPO allotment, and it’s often monitored by investors for insights into potential listing prices.
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