The Mamaearth IPO date has been confirmed from October 31 and ended on November 7. Read the post to learn about Mamaearth IPO GMP.
Mamaearth is a unicorn establishment deposited in Gurugram, Haryana, India. The company is a digital-first beauty and particular care brand with the topmost operating profit in FY22. Mamaearth combines Ayurveda and wisdom to offer bane-free baby care, skincare, and hair care products to Indian guests. It claims to be Asia’s first fully non-poisonous brand.
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Key Details Of Mamaearth IPO:
Bidding Dates
Oct 31 – Nov 7
Price Range
₹308 to ₹324 per share
Face Value
₹10 per share
GMP
₹24
Mamaearth GMP
The Mamaearth IPO GMP Today is ₹24.
Mamaearth IPO Overview
Mamaearth IPO is a book- erected issue of Rs 1,701.44 crores. The issue is a combination of fresh issue of 1.13 crore shares adding up to Rs 365.00 crores and offer for trade of 4.12 crore shares adding up to Rs 1,336.40 crores. Mamaearth’s IPO bidding began on October 31, 2023, and finished on November 2, 2023. The Mamaearth IPO allotment was completed on Monday, November 6, 2023. The shares get listed on BSE, NSE on November 7, 2023.
Mamaearth IPO price band is set at ₹ 308 to ₹ 324 per share. The Mamaearth IPO GMP is ₹24. The minimum lot size for an operation is 46 Shares. The minimum amount of investment demanded by retail investors is ₹ 14,904. The minimum lot size investment for sNII is 14 lots( 644 shares), amounting to ₹ 208,656, and for bNII, it’s 68 lots( 3,128 shares), amounting to ₹1,013,472.
Mamaearth IPO Date & Price Band Details
| IPO Date | October 31, 2023 to November 2, 2023 |
| Listing Date | November 7, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹308 to ₹324 per share |
| Lot Size | 46 Shares |
| Total Issue Size | 52,516,742 shares (aggregating up to ₹1,701.44 Cr) |
| Fresh Issue | 11,268,580 shares (aggregating up to ₹365.00 Cr) |
| Offer for Sale | 41,248,162 shares of ₹10 (aggregating up to ₹1,336.40 Cr) |
| Employee Discount | Rs 30 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 310,479,227 |
| Share holding post issue | 321,747,807 |
Mamaearth IPO Market Lot
Investors can bid for a minimum of 46 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Applications | 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 |
Mamaearth IPO Allotment & Listing Dates
Mamaearth IPO opens on October 31, 2023, and closes on November 7, 2023.
| IPO Open Date | Tuesday, October 31, 2023 |
| IPO Close Date | Thursday, November 2, 2023 |
| Basis of Allotment | Monday, November 6, 2023 |
| Initiation of Refunds | Monday, November 6, 2023 |
| Credit of Shares to Demat | Monday, November 6, 2023 |
| Listing Date | Tuesday, November 7, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 2, 2023 |
Mamaearth IPO Financials
| Particulars | 6-month period ending in September 30, 2022 | Year ending on March 31, 2022 | Year ending on March 31, 2021 |
| Revenue from Operations | 7,227.35 | 9,434.65 | 4,599.90 |
| Profit After Tax (PAT) | 36.67 | 144.43 | (13,322.15) |
| EBITDA | 139.02 | 114.59 | (13,340.33) |
| EBITDA Margin | 1.92% | 1.21% | (290.01%) |
| 6-month period ending in September 30, 2022 | Year ending on March 31, 2022 | Year ending on March 31, 2021 | |
| Current Asset | 6,602.74 | 6,020.49 | 2,753.40 |
| Current Liabilities | 2,939.62 | 2,075.97 | 928.20 |
Company Profile
Honest Consumer Ltd Mamaearth’s parent company has filed primary paperwork with the request regulator to raise new capital from the request. Still, the company has recently amended its plan to hold the IPO to assess request circumstances. The offer might arrive on Dalal Street in October if request sentiment improves. Mamaearth will join the other Indian digital nascency unicorns in listing on the bourses, continuing a trend that began in 2021. Mamaearth has become the leader in furnishing DIY beauty ingredients in modern and accessible corridors of onion and ubtan- predicated beauty products.
As of June 30, 2023, our in-house invention team of 47 members designs and develops all new products. The business has implemented a contract manufacturing-enabled asset-light manufacturing approach. For the three months ending on June 30, 2023, Honasa Consumer Limited produced goods in collaboration with 37 contract manufacturers.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | [email protected] |
| Website | https://kosmic.kfintech.com/ipostatus/ |
Contact Details
| Name | Honasa Consumer Limited |
| Phone number | +91 124 4071960 |
| Email ID | [email protected] |
| Website | http://www.honasa.in/ |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Mamaearth FAQs
When Mamaearth IPO will open?
The Mamaearth IPO opens on October 31, 2023 and closes on November 2, 2023.
What is the lot size of Mamaearth IPO?
Mamaearth IPO lot size is 46 Shares, and the minimum amount required is ₹14,904.
When is Mamaearth IPO allotment?
The finalization of Basis of Allotment for Mamaearth IPO will be done on Monday, November 6, 2023, and the allotted shares will be credited to your demat account by Monday, November 6, 2023.
When is Mamaearth IPO listing date?
The Mamaearth IPO listing date is on November 7, 2023.
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