Honasa Consumer IPO Date, GMP, Price, Analysis and Review
Honasa Consumer Limited (HCL), Incorporated in 2016, operates a digital platform offering beauty and personal care products.
Founded on the principles of Honesty, Natural Ingredients, and Safe Care, HCL currently serves more than 500 cities in India. The company has internally developed several consumer brands, including Mamaearth, The Derma Co., Aqualogica, Dr. Sheth’s, and Ayuga. HCL has also recently acquired stakes in BBLUNT and the content platform Momspresso. With the backing of prominent investors like Sequoia Capital India, Sofina SA, Fireside Ventures, and Stellaris Venture Partners, HCL is poised to achieve a valuation of $1 billion.
As of June 30, 2023, the company’s product portfolio encompasses baby care, face care, body care, hair care, color cosmetics, and fragrances.
The company’s key strengths include:
- Innovation in product development.
- A wide array of distribution channels to meet customers’ needs both online and offline.
Honasa Consumer Limited
Bidding Starts
Bidding Ends
Allotment Date*
Listing Date
* Refund is a 7-10 days process. If you don’t get refund then please contact your bank.
Allotment Status Check
Objects of the Issue (Honasa Consumer Limited IPO Objectives)
The company intends to utilize the Net Proceeds for the following purposes:
- Funding advertisement expenses to enhance brand awareness and visibility.
- Capital expenditure for establishing new Exclusive Brand Outlets (EBOs).
- Investment in the subsidiary, Bhabani Blunt Hairdressing Private Limited (“BBlunt”), for opening new salons.
- General corporate purposes and potential inorganic acquisitions.
Honasa Consumer Limited IPO Details
The Honasa Consumer Limited IPO is a book-built offering amounting to Rs 1,701.00 crores. This comprises a fresh issue of Rs 365.00 crores and an offer for sale of 4.12 crore shares.
| IPO Date | October 31, 2023 to November 2, 2023 |
| Listing Date | November 10, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹308 to ₹324 per share |
| Lot Size | 46 Shares |
| Total Issue Size | 53,098,811 shares (aggregating up to ₹1,701.00 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹365.00 Cr) |
| Offer for Sale | 41,248,162 shares of ₹10 (aggregating up to ₹[.] 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 | 321,744,659 |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Honasa Consumer Limited IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not less than 75% of the Net Issue |
| Retail Shares Offered | Not more than 10% of the Net Issue |
| NII (HNI) Shares Offered | Not more than 15% of the Net Issue |
Honasa Consumer Limited IPO Lot Size
Investors can bid for a minimum of 46 shares and in multiples thereof. The table below shows the range of shares and amounts for retail and HNI investors.
| Application | 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 |
Honasa Consumer Limited IPO Dates
Honasa Consumer Limited IPO opens on October 31, 2023, and closes on November 2, 2023.
| IPO Open Date | Tuesday, October 31, 2023 |
| IPO Close Date | Thursday, November 2, 2023 |
| Basis of Allotment | Tuesday, November 7, 2023 |
| Initiation of Refunds | Wednesday, November 8, 2023 |
| Credit of Shares to Demat | Thursday, November 9, 2023 |
| Listing Date | Friday, November 10, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 2, 2023 |
Honasa Consumer Limited Financial Report
Honasa Consumer Limited’s revenue increased by 57.13%, while the profit after tax (PAT) decreased by -1145.25% between the financial year ending on 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 | – |
Key Performance Indicator of Honasa Consumer Ltd
| KPI | Values |
|---|---|
| Post P/E (x) | 105.54 |
| Market Cap (₹ Cr.) | 10425 |
| EPS (Rs) | 4.66 |
| RoNW | -23.57% |
Honasa Consumer Limited Contact Details
Honasa Consumer Limited
Unit No. 404, 4th Floor, City Centre,
Plot No. 05, Sector – 12,
Dwarka – South West Delhi,-110 075
Phone: +91 124 4071960
Email: compliance@mamaearth.in
Website: http://www.honasa.in/
Honasa Consumer Limited IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: hcl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Honasa Consumer Limited IPO FAQs
What is Honasa Consumer Limited IPO?
The Honasa Consumer Limited IPO is a main-board offering of 53,098,811 equity shares with a face value of ₹10 each, aggregating up to ₹1,701.00 Crores. The price range for this IPO is set at ₹308 to ₹324 per share, and the minimum order quantity is 46 shares. The IPO is scheduled to open on October 31, 2023, and it will close on November 2, 2023.
Kfin Technologies Limited is the registrar for this IPO, and the shares will be listed on BSE and NSE.
How can I apply for Honasa Consumer Limited IPO through Zerodha?
Zerodha customers can apply for the Honasa Consumer Limited IPO online using the UPI payment gateway. To apply through Zerodha, follow these steps:
1. Visit the Zerodha website and log in to Console.
2. Go to the Portfolio section and click on the IPOs link.
3. Find the ‘Honasa Consumer Limited IPO’ row and click the ‘Bid’ button.
4. Enter your UPI ID, the quantity of shares, and the price.
5. Submit the IPO application form.
6. Visit the UPI app (net banking or BHIM) to approve the mandate.
When does the Honasa Consumer Limited IPO open?
The Honasa Consumer Limited IPO opens on October 31, 2023, and will be open for subscription until November 2, 2023.
What is the lot size for the Honasa Consumer Limited IPO?
The lot size for the Honasa Consumer Limited IPO is 46 shares, and the minimum amount required to apply is ₹14,904.
How can I apply for the Honasa Consumer Limited IPO?
You can apply for the Honasa Consumer Limited IPO online using either the UPI or ASBA payment method. ASBA IPO applications can be made through the net banking facility of your bank. UPI IPO applications are offered by brokers who do not provide banking services. For detailed information on applying for the IPO online, you can refer to Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank, and SBI Bank.
When will the allotment for the Honasa Consumer Limited IPO be finalized?
The Basis of Allotment for the Honasa Consumer Limited IPO will be determined on Tuesday, November 7, 2023, and the allotted shares will be credited to your demat account by Thursday, November 9, 2023. You can check the IPO allotment status on that date.
Do you know the listing date for the Honasa Consumer Limited IPO?
The listing date for the Honasa Consumer Limited IPO has not been announced yet. The tentative listing date is scheduled for Friday, November 10, 2023.
Follow IPO Watch for the upcoming IPO news and their reviews, also keep following us on Twitter, Facebook, and Instagram. For IPO latest News, Join our Telegram channel.
