Mamaearth IPO: Honasa Consumer's public offering begins today. GMP, examine, implement, or not

 Mamaearth IPO: Honasa Consumer's public offering begins today. GMP, examine, implement, or not

Mamaearth IPO: Honasa Consumer Limited, sometimes referred to as Mamaearth, has launched its initial public offering (IPO) on the main market today. Bidding on the Mamaearth IPO will continue until November 2, 2023. The Mamaearth IPO price has been set by Honasa Consumer Limited at ₹308 to ₹324 per equity share. It is suggested that the book construction issue be listed on the BSE and NSE. Market watchers claim that shares of Honasa Consumer Limited might be traded on an unlisted market. They added that shares of Honasa Consumer Limited are now accessible on the gray market for ₹10 more than what they are worth.

Crucial Mamaearth IPO information

Here are some key information about the Honasa Consumer IPO:

1] Mamaearth IPO GMP: Honasa Consumer Limited shares are now being offered on the grey market at a premium of ₹10.

2] Mamaearth IPO pricing: The public offering price range for Honasa Consumer Limited has been set at ₹308 to ₹324 per equity share.

The Mamaearth Initial Public Offering (IPO) subscription date is November 2, 2023. The Honasa Consumer IPO launched today.

4] Mamaearth IPO size: The company's promoters want to collect ₹1,701 crore via the public offering.

5] Mamaearth IPO lot size: Bidders may submit multiple applications; each lot for the public offering will include 46 company shares.

Sixth, the investment limit for the Mamaearth IPO is ₹14,904 (₹324 x 46), as one lot consists of 46 firm shares.

7] Date of Mamaearth IPO allocation: next the T+3 listing, the Mamaearth IPO allotment may be completed on November 3, 2023, or November 6, 2023, which corresponds to either this Friday or Monday of the next week.

8] Mamaearth IPO listing: The BSE and NSE have both proposed to list the public offering.

9] Mamaearth IPO listing date: The public offer may list on the BSE and NSE on the third day after the issue's conclusion in accordance with the T+3 listing schedule. This indicates that the Mamaearth IPO listing date is probably set for Tuesday of the next week, or November 7, 2023.

10] Mamaearth IPO review: Emkay Global assigned the IPO a "subscribe" tag and said, "We evaluate the stock's value for three scenarios (taking the higher end of the band into consideration): In the event that the company doubles revenue in three years and improves OPM to ~12%, it will be considered attractive (EV/sales of 3.5x and EV/EBITDA of 29x for FY26E); in the event that the company sees revenue CAGR of 20% with OPM of 10%, it will be considered fair (EV/sales of 4.2x and EV/EBITDA of 41.7x for FY26E); and in the event that the company registers revenue CAGR of ~10% and maintains margin at ~6%)."

Additionally, Sushil Finance assigned the IPO a "subscribe" tag, noting that the revenue CAGR for the fiscal year 2023–2024 was around 80.14%. For the year that concluded in FY23, the company's EBITDA margin was 1.52%, and its PAT margin was negative. For the quarter that ended on June 30, 2023, the company's EBITDA margin was 6.31%, and its PAT margin was 5.32%. For Q1FY24 (₹0.83), the business is requesting a PE multiple of 97.59x annualizing diluted EPS. Taking into account every aspect, possibility, and danger, we have an impartial opinion of the business. Investors may apply for the issuance with a medium- to long-term perspective after observing a few forthcoming quarters for continuous profitability."