Mamaearth Honasa Consumer IPO opens today: GMP, subscription status, other details

The Honasa Consumer Limited’s Initial Public Offering (IPO) for Mamaearth is currently open for subscription in the primary market. The IPO is set to be available for bidding until November 2, 2023. Honasa Consumer Limited has established the price range for Mamaearth IPO shares at ₹308 to ₹324 per equity share. This book build issue is intended for listing on both the BSE and NSE. It has been observed in the market that shares of Honasa Consumer Limited are trading in the unlisted market at a premium of ₹10 today. As of 11:09 AM on the first day of bidding, the Mamaearth IPO has garnered a subscription of 0.03 times overall, with the retail portion being subscribed 0.13 times and the NII (Non-Institutional Investors) segment being subscribed 0.01 times. Here are the important details about the Honasa Consumer IPO:

Honasa Consumer IPO

Mamaearth Honasa Consumer IPO opens today

  1. Mamaearth IPO Grey Market Premium (GMP): The shares of Honasa Consumer Limited, known as Mamaearth, are trading at a ₹10 premium in the grey market.
  2. Mamaearth IPO Price Band: The price range for the public offering is ₹308 to ₹324 per equity share.
  3. Mamaearth IPO Subscription Period: The Honasa Consumer IPO opened for subscription today and will remain open until November 2, 2023.
  4. Mamaearth IPO Size: The promoters of the company aim to raise ₹1,701 crore through this public offering.
  5. Mamaearth IPO Lot Size: Investors can apply for shares in lots, with one lot comprising 46 company shares.
  6. Mamaearth IPO Minimum Investment: Given that one lot consists of 46 company shares and the price range is ₹308 to ₹324 per share, the minimum investment required to apply for the IPO is ₹14,904 (₹324 x 46).
  7. Mamaearth IPO Allotment Date: Following the T+3 listing timeline, the Mamaearth IPO allotment is expected to be finalized either on November 3, 2023 or on November 6, 2023, which corresponds to either Friday of this week or Monday of the following week.
  8. Mamaearth IPO Listing: The public offering is planned to be listed on both the BSE (Bombay Stock Exchange) and NSE (National Stock Exchange).
  9. Mamaearth IPO Listing Date: Based on the T+3 listing schedule, it’s likely that the public offering will be listed on both the BSE and NSE on the third day after the closure of the issue. This suggests that the Mamaearth IPO listing date is anticipated to be on Tuesday of the following week, specifically on November 7, 2023.

Investors interested in participating in the Mamaearth IPO should thoroughly research the company’s financials and prospects, and evaluate their investment goals. It’s important to consider these factors and follow the application process defined by the stock exchange and financial institutions for IPO subscription.