The next upcoming IPO that open for bid is Honasa Consumer Ltd/Mamaearth IPO. Indian share market along with USA share market is red now. Experts are saying share market got crashed. So, previous IPO IRM Energy was listed on NSE below its cut-off price that means those who applied and allotted IRM shares @505 saw red in thier portfolio.
That’s why in this bear market whether you should apply for Honasa Consumer Ltd/Mamaearth IPO will be discussing here.
Table of Contents
Upcoming IPO:
- Company Name: Mamaearth of Honasa Consumer Limited
- The application starts on: 31st October, 2023
- The application ends on: 02nd November, 2023
- Allotment starts: 07th November, 2023
- Refund initiation on: 08th November, 2023
- Allotment date/credit to Demat Account: 09th November, 2023
- Listing on exchange: 10th November, 2023
- Face Value of Mamaearth Share; RS. 10/share
- Issue Size: Rs. 1701 Cr.
- Lot Size: 46
- Price Band: Minimum Rs. 308
- Cut-off price: Rs. 324
Mamaearth/Honasa Consumer IPO GMP
| GMP (Grey Market Premium) | DATE |
| Rs. 15 Per Share | 27th October, 2023 |
| Rs. 32.00 per share | 26th October, 2023 |
| Rs. 32 Per share | 25th October 2023 |
| Rs. 47 per share | 24th October, 2023 |
Financials and Fundamentals of Honasa Consumer Ltd
| Details | FY20 | FY 2021 | FY22 | Fy23 | Q.1 FY 2024 |
| Revenue | Rs. 114 Cr | 472 Cr. | 964 Cr. | 155.30 Cr. | Rs.137.20Cr |
| Net Profit: | (loss) Rs. 428cr | (loss) Rs. 1332 cr | (Profit) Rs. 14 cr | ||
| Total Assets | Rs. 181 cr | Rs. 303 cr | Rs. 1035 cr |
Should You Apply or not?
As we can see above that the company is a loss making company for last 2 years and a little amount of profit it generated in 2022, investing in such company is apparently risky. In addition, the price band of the shares is comparatively high.
The IPO is an offer for sale. GMP (Grey Market Premium) is also decreasing day-by-day. It means demand of the shares is not good overall.
Many stock market experts opined that investing for short time or for a listing gain may be risky.
How to Apply for IPO?
- Online Application through: Groww, Upstox, Angel one, etc.
- Online Payment for Apply: BHIM UPI (All supporting banks)
- Allotment Status check on: Linkintime
- All investors shall mandatorily use only apps supported by blocked amount facility for making payments.
What does Honasa Consumer Ltd do?
A digital-first company, Honasa Consumer Limited offers a range of brands to meet the varied demands of millennial consumers. They are creating a new breed of personal care and beauty brands that are motivated by technology, purpose, and changing customer demands. Every business, catering to millennials, offers a distinct offering, ranging from science-backed skincare to natural personal care and a contemporary interpretation of Ayurveda. Currently, its in-house brand portfolio includes well-known names including Ayuga, Mamaearth, The Derma Co., and Aqualogica.
With six distinct brands in the beauty and personal care categories, Honasa Consumer Limited is the largest digitally-first BPC (beauty and personal care) firm in India. They are multichannel, present in over 700 areas, and have a strong environmental and social conscience.
Honasa Consumer Limited intends to go public in the near future as well. They have said that subscriptions for their initial public offering (IPO) would begin on October 31, 2023, and end on November 2, 2023.
I am a personal finance, stock market update, etc.-related blog post writer. Besides, I am a stock market trader. I invest in IPOs, stocks, Etc. I publish valuable posts and information here.
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