The article combats all the current updates and news on Mamaearth IPO Date 2023 Listing Date, GMP, Review, Name, Price, and correlated details about the IPO. The Securities Exchange Board of India has approved Honasa Consumer Limited, which owns the brands Mamaearth and The Derma Co., to conduct the Mamaearth IPO to raise funds for the company in July 2023.
Mamaearth IPO Date 2023
According to the paper drafted by the company, the company will issue fresh equity shares worth Rs 400 crore and an Offer for Sale of up to 4,68,19,635 shares by the present shareholders and promoters. The shares offered for sale will be listed on BSE and NSE.
The beauty e-commerce unicorn Mamaearth is reportedly offering shares to subscribe in November this year. However, the exact date is still under suspicion. Also, in March this year, Honasa delayed its IPO due to low market conditions.
We have been constantly keeping our eyes on every news related to the IPO and will update our page to let you know the exact listing date. Additionally, share the minimum and maximum investment one has to make to buy the company’s shares.
Mamaearth IPO Launch Date 2023
|Article Title||Mamaearth IPO 2023|
|Shares Issue Type||Fresh Issue and Offer for Sale|
|Fresh Issue size||Rs 400 crore shares|
|Offer for Sale Size||46,819,635 Shares|
|IPO opening date||Not yet announced|
|Shares listed at||NSE/BSE|
|QIB Investors Reservation||Minimum 75%|
|NII Investors Reservation||Minimum 15%|
|Retail Investors||Max 10% (No minimum limit prescribed)|
|Promoters||Varun Alagh and Ghazal Alagh|
Mamaearth IPO Listing Date 2023
The company will allot the shares to the investors after the closing of the IPO. The allotment of the subscribed shares by the investors will be made through the demat account of the investors. Presently, no dates are announced for all the events of the IPO.
The share will lust at the National Stock Exchange and Bombay Stock Exchange. It is being said that the Mamaearth IPO Listing will be one of the biggest fundraisers for 2023. The valuation of the company currently is over 21000 crore, and the company, in its initial six years, started generating revenue of Rs 1000 crore per year.
Mamaearth IPO GMP Today
The grey market value of the skincare and beauty product company is not known presently, as the IPO has yet to be started. But looking at the profits of the company and the focus of investors in the start-up company, there are chances that the company will receive an overwhelming response in its IPO.
Mamaearth IPO Review
Investors in India are showing interest in buying the shares of the new-age startups. This year, only two Indian startups have listed on the bourses, including the drome maker company ideaForge and Yudiz Solution. Investors showed interest in buying the shares of these companies, and the ideaForge’s IPO shares were listed at a 94% premium to the issue price.
Hence, there is a high possibility that Mamaearth’s IPO will also get an overwhelming response as investors in India are focusing on new startups. Besides Mamaearth’s IPO, various new startups will likely go for IPO this year. The list includes OYO, GoDigit, and Navi.
But every company has its negative factors, and talking about the beauty product company, the major risk factor is that the company has become profitable in two years. Also, while there are investors who like to invest in start-ups, there are people who think that the company is less established, and big brands like L’Oreal, Dabur, and Hindustan Unilever will try to pull it back.
The share price and the price band of the company’s shares offered for sale are currently unknown. It is expected that the shares will be issued at a premium. More details on the lot size, GMP, share price, and other things related to the IPO will be known soon.
The company was founded in 2016 by the couple Varun and Ghazal Alagh. Initially, Mamaearth was a baby care product brand and gradually expanded into the beauty and personal care segment. The company currently sells makeup, hair care, and body products. The company’s net profit for the financial year 2022 is INR 19.8 crore.
The Indian Unicorn company will utilize the funds raised in the IPO to meet the expenses regarding brand awareness and visibility and to invest in the subsidiary company BBlunt. Additionally, new brand outlets can be opened in metro cities in India.
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