Mamaearth's initial public offering (IPO) has garnered significant investor interest, with the subscription closing at a robust 7.61 times the offered shares. The IPO, which consisted of both fresh issuance and an offer for sale, opened for subscription on October 31, 2023, and closed on November 2, 2023.
This skincare and beauty brand's IPO was met with strong demand, particularly from institutional investors, who subscribed at a rate of 11.50 times the shares allocated to them. Non-institutional and retail investors also showed considerable interest, subscribing 4.02 times and 1.35 times, respectively. Additionally, shareholders in the reservation portion secured a subscription rate of 4.87 times.
Mamaearth IPO Allotment Date
The allotment of shares for Mamaearth IPO is expected to be finalized on Tuesday, November 7
*This is a tentative date and is subject to change.
Mamaearth IPO Lisiting Date
Honasa Consumer Limited (Mamaearth IPO) is set to list on the stock exchanges (BSE & NSE) with a tentative listing date scheduled for Friday, November 10.
*This is a tentative date and is subject to change.
Where To Check Mamaearth IPO Allotment Status
Investors can check the allotment status of Mamaearth IPO on the official website of the registrar, Kfin Technologies Limited and on the official website of BSE.
Mamaearth IPO Subscription Status
Subscription Day 3:
Total Subscription: 7.61 times
Institutional investors: 11.50 times
Non-institutional investors: 4.02 times
Retail investors: 1.35 times
Reservation portion shareholders: 4.87 times
Subscription Day 2:
Total Subscription: 0.70 times, or 70%
Institutional investors: 1.02 times
Non-institutional investors: 0.09 times or 9%
Retail investors: 0.62 times or 62%
Reservation portion shareholders: 3.19 times
Subscription Day 1:
Total Subscription: 0.12 times, or 12%
Institutional investors: 0.10 times or 10%
Non-institutional investors: 0.03 times or 3%
Retail investors: 0.34 times or 34%
Reservation portion shareholders: 1.97 times or 97%
Mamaearth IPO Timeline (Tentative Schedule)
IPO Open Date: Tuesday, October 31
IPO Close Date: Thursday, November 2
Basis of Allotment: Tuesday, November 7
Initiation of Refunds: Wednesday, November 8
Credit of Shares to Demat: Thursday, November 9
Mamaearth IPO Issue Details
Total issue size: 53,098,811 shares (aggregating up to Rs 1,701.00 Cr)
Face value: Rs 10 per share
Fresh Issue Size: Rs 365 crore
Offer for sale size: 41,248,162 shares of Rs 10
Shares for offer for sale: 41,248,162 shares
Price band: Rs 308 to Rs 324 per share
Lot size: 46 Shares
Honasa Consumer Limited
Honasa Consumer Limited, also known as HCL, started in 2016 and offers beauty and personal care products through the internet. They believe in honesty, natural ingredients, and safe care. They serve more than 500 cities in India and have their brands like Mamaearth, The Derma Co., and more. They've also invested in companies like BBLUNT and Momspresso. With the help of investors, they aim to become a $1 billion company. Their products include items for babies, faces, bodies, hair, makeup, and nice smells. They're great at making new things and have many ways to sell to customers, both online and in physical stores.
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