Mamaearth’s parent company, Honasa Consumer IPO, has announced a price band of ₹308-324 per share with a face value of ₹10 each for its upcoming initial public offering (IPO). The three-day IPO is set to launch on October 31. Mamaearth aims to secure ₹365 crore in primary capital and will offer 41,248,162 equity shares for sale. Notably, existing investors like Fireside Ventures, Stellaris Venture Partners, Sofina Ventures, and high net-worth individuals including Kunal Bahl, Rishab Mariwala, Rohit Bansal, and Shilpa Shetty will also be divesting some of their shares through this IPO.
Investors can participate in the Mamaearth IPO starting from Tuesday, October 31, with the subscription period ending on Thursday, November 2. The allocation to anchor investors for the Honasa Consumer IPO is scheduled for Monday, October 30.
Honasa Consumer IPO is expertly managed by the prestigious teams at Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited, JM Financial Limited, and J.P. Morgan India Private Limited, serving as the book running lead managers. KFin Technologies Limited has been appointed as the dedicated registrar for this promising issue.
Honasa Consumer IPO Details
Honasa Consumer Limited IPO is here, featuring a robust book built issue totaling Rs 1,701 crores. This includes a fresh issue of Rs 365.00 crore and an offer for sale of 4.12 crore shares.
| IPO Date | October 31, 2023 to November 2, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹308 to ₹324 per share |
| Lot Size | 46 Shares |
| Total Issue Size | ₹1701 Cr. |
| Fresh Issue | [.] shares (aggregating up to ₹365.00 Cr) |
| Offer for Sale | 41,248,162 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Employee Discount | Rs 30 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 310,479,227 |
| QIB Shares Offered | Not less than 75% of the Net Issue |
| Retail Shares Offered | Not more than 10% of the Net Issue |
| NII (HNI) Shares Offered | Not more than 15% of the Net Issue |
Honasa Consumer IPO Dates
The subscription window for the Honasa Consumer IPO opens on October 31, 2023, and closes on November 2, 2023. The allotment process is set to conclude by Tuesday, November 7, 2023. Get ready for trading as the Honasa Consumer IPO is scheduled to list on both BSE and NSE, with a tentative listing date fixed for Friday, November 10, 2023.
| Basis of Allotment | Tuesday, November 7, 2023 |
| Initiation of Refunds | Wednesday, November 8, 2023 |
| Credit of Shares to Demat | Thursday, November 9, 2023 |
| Listing Date | Friday, November 10, 2023 |
Honasa Consumer IPO Lot Size
Investors can participate within a price band of ₹308 to ₹324 per share. The minimum application lot size is 46 shares, requiring a minimum investment of ₹14,904 for retail investors. Seasoned Non-Institutional Investors (sNII) have the option to invest in 14 lots (644 shares), totaling ₹208,656, while Big Non-Institutional Investors (bNII) can invest in 68 lots (3,128 shares), amounting to ₹1,013,472.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 46 | ₹14,904 |
| Retail (Max) | 13 | 598 | ₹193,752 |
| S-HNI (Min) | 14 | 644 | ₹208,656 |
| S-HNI (Max) | 67 | 3,082 | ₹998,568 |
| B-HNI (Min) | 68 | 3,128 | ₹1,013,472 |
Honasa Consumer IPO Prospectus
For comprehensive insights, please refer to Cello World Limited IPO RHP for detailed information on this promising investment prospect.
Objects of the Honasa Consumer IPO
The company proposes to utilize the Net Proceeds towards funding the following objects:
- Advertisement expenses towards enhancing the awareness and visibility of the company’s brands;
- Capital expenditure to be incurred by the Company for setting up new EBOs;
- Investment in the company’s Subsidiary, Bhabani Blunt Hairdressing Private Limited (“BBlunt”) for setting up new salons; and
- General corporate purposes and unidentified inorganic acquisition.
About Honasa Consumer Limited IPO
Explore Honasa Consumer Limited (HCL), your gateway to a world of beauty and personal care products, established in 2016. Rooted in the core values of Honesty, Natural ingredients, and Safe care, HCL operates through its digital platform, serving more than 500 cities across India.
HCL takes pride in its diverse portfolio of consumer brands, which includes Mamaearth, The Derma Co., Aqualogica, Dr. Sheth’s, and Ayuga. Additionally, recent strategic acquisitions include shares in BBLUNT and the renowned content platform Momspresso. Backed by influential investors like Sequoia Capital India, Sofina SA, Fireside Ventures, and Stellaris Venture Partners, HCL is on the path to achieving a remarkable milestone – becoming a $1 billion company.
As of June 30, 2023, our product range spans across various categories, including baby care, face care, body care, hair care, color cosmetics, and fragrances, ensuring we cater to your every need.
Key Strengths of Honasa Consumer Limited
- Innovation at Its Core: HCL prides itself on crafting innovative products, ensuring you experience the latest trends and advancements in the beauty industry.
- Extensive Distribution Channels: With a robust presence both online and offline, HCL ensures seamless access to our products through multiple distribution channels, meeting our customers’ diverse preferences.
Discover the future of beauty and personal care with Honasa Consumer Limited. Explore our range of innovative products tailored to enhance your beauty regimen.