Honasa Consumer Limited IPO: Bid Date, Listing Date, Price Band, Lot Size, Allotment date

Honasa Consumer Limited IPO: The Honasa Consumer Limited IPO is generating significant buzz among investors and industry enthusiasts. This blog will provide you with a detailed overview of the IPO, including its timeline, company background, financials, and more.

See Also: Honasa Consumer Limited IPO GMP

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Honasa Consumer Limited IPO Details

Here’s a snapshot of the critical details regarding the Honasa Consumer Limited IPO:

IPO NameHonasa Consumer Limited
IPO DateOctober 31, 2023, to November 2, 2023
Basis of AllotmentTuesday, November 7, 2023
Listing DateNovember 10, 2023
Face Value₹10 per share
Price Band₹308 to ₹324 per share
Lot SizeTo be updated
Total Issue SizeTo be updated
Fresh IssueTo be updated
Offer for Sale41,248,162 shares of ₹10 (To be updated)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
Shareholding (Pre-issue)310,479,227 shares

See Also: Upcoming IPOs

Honasa Consumer Limited IPO Timeline

The Honasa Consumer Limited IPO will follow the following tentative schedule:

  • IPO Opens: October 31, 2023
  • IPO Closes: November 2, 2023
  • Basis of Allotment: November 7, 2023
  • Initiation of Refunds: November 8, 2023
  • Credit of Shares to Demat: November 9, 2023
  • Listing Date: November 10, 2023
  • Cut-off Time for UPI Mandate Confirmation: To be updated

See Also: All IPO GMP Price

Honasa Consumer Limited IPO Reservation

  • QIB (Qualified Institutional Buyers) Shares Offered: Not less than 75% of the Net Issue
  • Retail Shares Offered: Not more than 10% of the Net Issue
  • NII (High Net Worth Individuals) Shares Offered: Not more than 15% of the Net Issue

About Honasa Consumer Limited

Founded in 2016, Honasa Consumer Limited (HCL) has carved a niche for itself in the Indian beauty and personal care products market. HCL operates through its digital platform and is guided by its core values: Honesty, Natural ingredients, and Safe care. The company’s reach extends to over 500 cities across India.

HCL has successfully developed several consumer brands in-house, including Mamaearth, The Derma Co., Aqualogica, Dr. Sheth’s, and Ayuga. Additionally, it has acquired shares in BBLUNT and the content platform Momspresso. Supported by prominent investors such as Sequoia Capital India, Sofina SA, Fireside Ventures, and Stellaris Venture Partners, HCL is well-positioned to achieve a valuation of $1 billion.

As of June 30, 2023, the company’s product portfolio spans across baby care, face care, body care, hair care, color cosmetics, and fragrances. HCL’s strengths include its innovative product development and a robust distribution network, catering to both online and offline customers.

Honasa Consumer Limited Financial Information

Financial data for Honasa Consumer Limited reveals the following:

  • HCL’s revenue increased by a remarkable 104.27% between the financial years ending on March 31, 2022, and March 31, 2021.
  • However, there was a significant drop in profit after tax (PAT), which registered at -101.09%.

Honasa Consumer Limited IPO Objectives

The company plans to utilize the net proceeds from the IPO for the following purposes:

  1. Advertisement Expenses: Enhancing brand awareness and visibility.
  2. Capital Expenditure: Setting up new Exclusive Brand Outlets (EBOs).
  3. Investment in Subsidiary: Bhabani Blunt Hairdressing Private Limited (“BBlunt”) for expanding its salon network.
  4. General Corporate Purposes: Including potential inorganic acquisitions.

Honasa Consumer Limited IPO Registrar

Kfin Technologies Limited will act as the registrar for the Honasa Consumer Limited IPO. You can contact them via the following details:

Honasa Consumer Limited IPO Lead Managers

The lead managers for the IPO include:

  • Kotak Mahindra Capital Company Limited
  • Citigroup Global Markets India Private Limited
  • JM Financial Limited
  • J.P. Morgan India Private Limited

In conclusion, the Honasa Consumer Limited IPO presents an exciting opportunity for investors to participate in the growth of a dynamic player in the beauty and personal care industry. Keep an eye on this IPO for more updates and consider consulting with your financial advisor before making any investment decisions.

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