Mamaearth IPO subscribed 7.61 times on final day

The IPO of Honasa Consumer, the parent company of Mamaearth, was subscribed 7.61 times on Day 3 of the book-building, with institutional investors providing the boost. Qualified institutional investors led from the front, bidding 11.50 times, followed by non-institutional investors, who bid 4.02 times. However, the response from retail individual investors was lukewarm as they bid 1.35 times.