Honasa’s mcap has dropped 620cr in two days post listing.
Honasa Consumer, the parent company of Mamaearth, has lost 620 crore in two days since its shares debuted on Tuesday. Honasa’s market capitalization has dropped from *10,559 crore at the time of listing to *9,939 crore in early trade on Thursday.
The personal care brand’s share price has dropped by more than 4.5% on the BSE and 6.3% on the NSE since its listing price of 324 and 330, respectively.