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IPO Status: Listed [31st Oct 2023 to 2nd Nov 2023]
The Honasa Consumer Limited is bringing its mainline IPO at the NSE and the BSE exchanges. The total issue size is Rs 1701.00 Cr which includes both the Fresh issue and the OFS Issue. You can apply in this IPO application from 31 Oct 2023 to 02 Nov 2023. . To apply in this IPO application you need to buy at least one lot of 46 shares or its multiple at the described price band that ranges from Rs 308 to Rs 324 for each share.
Please stay connected with us for the latest information on Honasa Consumer Limited IPO including company overview, financials, live subscription, allotment, GMP and more.
| IPO Issue Opening Date: | 31st Oct 2023 |
| IPO Issue Closing Date: | 2nd Nov 2023 |
| IPO Issue Price: | ₹308.00-324.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not more than 10% of the Net Issue |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹1701.44 Cr |
| Offer for Sale: | ₹1336.40 Cr |
| Fresh Issue: | ₹365.00 Cr |
| Face Value: | ₹10 Per Equity Share |
| IPO Discount: | Emplopee:30.00 |
| Promoter Holding Pre IPO: | 37.41% |
| Promoter Holding Post IPO: | 35.34% |
| Allotment Status: | Allotment Status |
| BSE Code: | 544014 |
| NSE Code: | HONASA |
Get important updates regarding Honasa Consumer Limited IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 6th Nov 2023 |
| Refunds Initiation* | 6th Nov 2023 |
| Credit of Shares to Demat* | 6th Nov 2023 |
| IPO Listing Date* | 7th Nov 2023 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹308.00-324.00 |
| Market Lot: | 46 Shares |
| 1 Lot Amount: | ₹14904 |
| Min Small HNI Lots(2-10 Lakh): | 644 shares (14 lots) |
| Min Big HNI Lots(10+ Lakh): | 3128 shares (68 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 07-11-2023 | 324.00 | 24 | 800/11200 | ₹348 (7.41%) | 7-Nov-2023 9:28 |
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Honasa Consumer Limited was established in September 2016. Since their inception, they have been working with the primary goal of developing products that solve consumer beauty and personal care problems. Their flagship product Mamaearth, for example, was developed to address an important customer need for safe, natural products and focuses on developing toxin-free beauty products (as defined below) from natural ingredients. According to the RedSeer report, Mamaearth is the fastest growing BPC brand in India (as of September 30, 2022) with annual sales of ₹ 10 billion (in the last 12 months) within six years of its launch.
Their success with Mamaearth and their ability to identify and cater to emerging trends has enabled us to develop repeatable brand building playbooks that have helped in scaling their newer brands rapidly. These playbooks are driven by their consumer-centric approach to various aspects of their business model, including their innovation engine, omnichannel digital distribution, and technology and data-driven marketing and customer engagement model.
The company is constantly striving to better connect with its consumers and strengthen its brand equity by building "purpose-driven" brands that are connected to environmental and social causes. For example, as part of Mamaearth's "Plant Goodness" initiative, the company partners with a non-governmental organization to plant trees for orders placed through its " DTC” platform, and shares geotagged images of those trees with its customers. Similarly, The Derma Co. is associated with a "Young Scientists" program that provides access to science education for children in certain rural areas of India, and Aqualogica is associated with a "Fresh Water for All" initiative where they help provide access to clean drinking water to marginalized communities.
| Incorporation | Sector | IPO Issue Size | Website |
| 2016 | FMCG | ₹1701.44 Cr | http://www.honasa.in/ |
The company proposes to utilize the Net Proceeds towards funding the following objects:
1. Advertisement expenses towards enhancing the awareness and visibility of the company's brands;
2. Capital expenditure to be incurred by the Company for setting up new EBOs;
3. Investment in the company's Subsidiary, Bhabani Blunt Hairdressing Private Limited ("BBlunt") for setting up new salons; and
4. General corporate purposes and unidentified inorganic acquisition.
Our experts can help you prepare for SME IPO
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | EMP | Total | |
|---|---|---|---|---|---|---|
| # of Shares Offered | 15,744,820 (54.48%) | 7,872,409 (27.24%) | 5,248,272 (18.16%) | 34,013 | 28,899,514 | |
| 1 | 31st Oct 2023 19:04 | 0.10x | 0.03x | 0.35x | 2.06x | 0.13x |
| 2 | 1st Nov 2023 19:04 | 1.02x | 0.09x | 0.62x | 3.22x | 0.70x |
| 3 | 2nd Nov 2023 19:04 | 11.50x | 4.02x | 1.35x | 4.88x | 7.61x |
Honasa Consumer Limited's revenue increased by 57.13% and profit after tax (PAT) dropped by -1145.25% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,048.03 | 966.42 | 1,035.01 | 302.64 |
| Revenue | 477.10 | 1,515.27 | 964.35 | 472.10 |
| Profit After Tax | 24.72 | -150.97 | 14.44 | -1,324.61 |
| Net Worth | 638.26 | 605.90 | 705.62 | -1,765.14 |
| Reserves and Surplus | -1,290.94 | -1,323.32 | -1,087.33 | |
| Total Borrowing | 6.79 | 3.61 | 3.59 | |
| Amount in ₹ Crore | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Honasa Consumer Limited | -4.66 | -4.66 | 19.27 | -23.57 | Consolidated | |
| Hindustan Unilever Limited | 43.07 | 43.07 | 215.02 | 59.16 | 20.08 | Consolidated |
| Colgate Palmolive (India) Limited | 38.5 | 38.5 | 63.11 | 54.25 | 61.01 | Consolidated |
| Procter & Gamble Hygiene and Health Care Limited | 208.91 | 208.91 | 291.44 | 83.12 | 71.68 | Consolidated |
| Dabur India Limited | 9.64 | 9.61 | 53.29 | 54.53 | 18.02 | Consolidated |
| Marico Limited | 10.08 | 10.05 | 30.59 | 54.28 | 33.42 | Consolidated |
| Godrej Consumer Products Limited | 16.65 | 16.65 | 134.88 | 59.09 | 12.34 | Consolidated |
| Emami Limited | 14.5 | 14.5 | 52.43 | 34.82 | 27.13 | Consolidated |
| Bajaj Consumer Care Limited | 9.48 | 9.47 | 55.1 | 25.65 | 17.63 | Consolidated |
| Gillette India Limited | 109.15 | 109.15 | 303.47 | 57.82 | 35.97 | Consolidated |
Last Updated on 11-Nov-2023 06:02:44
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Honasa Consumer Limited IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Honasa Consumer Limited IPO with Zerodha.
Alternate approch to apply in Honasa Consumer Limited IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Honasa Consumer Limited IPO Review and Important Updates
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To subscribe or apply in Honasa Consumer Limited IPO, you can use the following methods:
| Honasa Consumer Limited IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Honasa Consumer Limited IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Honasa Consumer Limited IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Honasa Consumer Limited IPO. Most of the Syndicate Banks provide access to apply in Honasa Consumer Limited IPO via ASBA process. You must have your net banking access, DP ID information to apply in Honasa Consumer Limited IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Honasa Consumer Limited IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Honasa Consumer Limited IPO Review and Important Updates
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Applying in Honasa Consumer Limited IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Honasa Consumer Limited IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply Honasa Consumer Limited IPO, please refer article >> Link
Honasa Consumer Limited IPO Review and Important Updates
Steps to download the online application form for Honasa Consumer Limited IPO
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Honasa Consumer Limited IPO is going to be list on 07-11-2023. NSE Code for Honasa Consumer Limited is HONASA. BSE Code for Honasa Consumer Limited is 544014.
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Honasa Consumer Limited IPO Allotment Date is 06-11-2023.
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Honasa Consumer Limited IPO share allotment date?Honasa Consumer Limited IPO allotment date?
