Honasa Consumer Limited IPO is a book built issue. The issue comprises of fresh issue of Rs 365.00 crore and offer for sale of 4.12 crore shares.
Honasa Consumer Limited IPO opens for subscription on October 31, 2023 and closes on November 2, 2023. The allotment for the Honasa Consumer Limited IPO is expected to be finalized on Tuesday, November 7, 2023. Honasa Consumer Limited IPO will list on BSE, NSE with tentative listing date fixed as Friday, November 10, 2023.
Honasa Consumer Limited IPO price bands are yet to be announced.
Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited, Jm Financial Limited and J.P. Morgan India Private Limited are the book running lead managers of the Honasa Consumer Limited IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Honasa Consumer Limited IPO RHP for detailed information.
Honasa Consumer Limited IPO Details
| IPO Date | October 31, 2023 to November 2, 2023 |
| Listing Date | [10 November 2023] |
| Face Value | ₹10 per share |
| Price | [.] to [.] per share |
| Lot Size | |
| Total Issue Size | |
| Fresh Issue | [.] shares (aggregating up to ₹365.00 Cr) |
| Offer for Sale | 41,248,162 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 310,479,227 |
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 Timeline (Tentative Schedule)
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 IPO Promoter Holding
The Promoters of the Company are Varun Alagh and Ghazal Alagh
| Share Holding Pre Issue | 37.41% |
| Share Holding Post Issue |
About Honasa Consumer Limited
Incorporated in 2016, Honasa Consumer Limited (HCL) provides beauty and personal care products through its digital platform.
Honasa Consumer was founded on the values of Honesty, Natural ingredients, and Safe care and currently serves over 500 cities in India. The company has grown several consumer brands internally including Mamaearth, The Derma Co., Aqualogica, Dr. Sheth’s, and Ayuga. It has recently acquired shares in BBLUNT and the content platform Momspresso. With the support of Sequoia Capital India, Sofina SA, Fireside Ventures, and Stellaris Venture Partners, HCL is positioned to become a $1 billion company.
As of June 30, 2023, the company’s product portfolio includes baby care, face care, body care, hair care, color cosmetics, and fragrances.
The core strength of the company lies in
- Building Innovative products.
- The company has multiple distribution channels to cater to customers’ needs online and offline.
Honasa Consumer Limited Financial Information (Restated)
Honasa Consumer Limited’s revenue increased by 104.27% and profit after tax (PAT) dropped by -101.09% between the financial year ending with March 31, 2022 and March 31, 2021.
| Period Ended | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
| Assets | 1,035.01 | 302.64 | 181.01 |
| Revenue | 964.35 | 472.10 | 114.17 |
| Profit After Tax | 14.55 | -1,332.21 | -428.05 |
| Net Worth | 705.62 | -1,765.14 | -437.17 |
| Reserves and Surplus | |||
| Total Borrowing | 3.59 | 1,954.00 | 592.76 |
| Amount in ₹ Crore |
Key Performance Indicator
| KPI | Values |
|---|---|
| RoNW | -23.57% |
Check Honasa Consumer Limited IPO Peer Comparison here.
Objects of the Issue (Honasa Consumer Limited IPO Objectives)
The company proposes to utilize the Net Proceeds towards funding the following objects:
1. Advertisement expenses towards enhancing the awareness and visibility of the company’s brands;
2. Capital expenditure to be incurred by the Company for setting up new EBOs;
3. Investment in the company’s Subsidiary, Bhabani Blunt Hairdressing Private Limited (“BBlunt”) for setting up new salons; and
4. General corporate purposes and unidentified inorganic acquisition.
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/