Honasa Consumer Limited-owned Mamaearth IPO allotment status has been finalised today on 6th November 2023. The investors who have applied for this IPO can check if they have received the allotment of shares through the registrar’s portal. The registrar for the Honasa Consumer Limited (Mamaearth) IPO is Kfin Technologies Private Limited.
The subscriptions as well as grey market premium both indicate a conflicting response from the investors.
How to check allotment status
Investors can check the Honasa Consumer Limited Mamaearth IPO allotment finalisation status by visiting Kfin Technologies website. Here are the steps:
- Visit Mamaearth IPO registrar Kfin Technologies’ website at this link.
- Enter your PAN, application number of DP Client ID to securely login and view the allotment status.
- Alternative the share broker firms also notify the users of their allotment status or the same facility is available through NSE and BSE websites.
Listing on 7th November
The investors who successfully get the allotment will get the shares credited in their Demat accounts within 2 days of the allotment finalisation and the refunds for those who did not will be initiated within a day.
The IPO is set to get listed on the NSE and BSE on November 6th, 2023.
Subscription, GMP & Financials:
Mamaearth IPO was subscribed a total of 7.61 times, receiving a below par response. The grey market premium isn’t faring well either. As of this writing, the GMP for Mamaearth IPO stood faring around Rs 5. Retail investors as well as QIBs and NIIs are just not getting the hype, treading light on the examples of market debut of new-age companies Zomato and Paytm etc.
Another current mainboard issue on the other hand i.e., Cello World Limited IPO has witnessed comparatively better response both from investors who subscribed as well as grey market observers.
The IPO size is 53,098,811 shares aggregating up to ₹1,701.00 crore at a face value of Rs 10 per share with the price band of Rs 308 to Rs 324 per share.
The revenue of the Honasa Consumer Limited, the company behind Mamaearth, dropped -1145.25% in FY23 as compared to FY22. The company had posted PAT of Rs 14.44 crore in FY22 where reported a net loss of Rs 150.97 crore in FY23. The revenue however, rose from 964.35 crore in FY22 to Rs 1,515.27 crore in FY23.
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