Honasa Consumer IPO opens for subscription on October 31, 2023 and closes on November 2, 2023. The allotment for the Honasa Consumer IPO is expected to be finalized on Tuesday, November 7, 2023. Honasa Consumer IPO will list on BSE, NSE with tentative listing date fixed as Friday, November 10, 2023.
Honasa Consumer IPO is a book built issue of Rs 1,701.00 crores. The issue comprises of fresh issue of Rs 365.00 crore and offer for sale of 4.12 crore shares. Honasa Consumer IPO price band is set at ₹308 to ₹324 per share. The minimum lot size for an application is 46 Shares. The minimum amount of investment required by retail investors is ₹14,904. The minimum lot size investment for sNII is 14 lots (644 shares), amounting to ₹208,656, and for bNII, it is 68 lots (3,128 shares), amounting to ₹1,013,472.
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 IPO, while Kfin Technologies Limited is the registrar for the issue.
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
The company proposes to utilize the Net Proceeds towards funding the following objects:
| IPO Opening Date | October 31, 2023 |
|---|---|
| IPO Closing Date | November 2, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per share |
| IPO Price | ₹308 to ₹324 per share |
| Market Lot | 46 Shares |
| Min Order Quantity | 46 Shares |
| Listing At | BSE, NSE |
| Employee Discount | ₹30 per share |
| Issue Size | ₹1701 Cr |
| Fresh Issue | [.] shares (aggregating up to ₹365.00 Cr) |
| Offer for Sale | 41,248,162 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Share holding pre issue | 310,479,227 |
| QIB Shares Offered | Not less than 75% of the Net Issue |
| NII (HNI) Shares Offered | Not more than 15% of the Net Issue |
| Retail Shares Offered | Not more than 10% of the Net Issue |
| Basis of Allotment Date | November 7, 2023 |
|---|---|
| Initiation of Refunds | November 8, 2023 |
| Credit of Shares to Demat Account | November 9, 2023 |
| IPO Listing Date | November 10, 2023 |
Investors can bid for a minimum of 46 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| 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 IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹1,701.00 Crores. The issue is priced at ₹308 to ₹324 per share. The minimum order quantity is 46 Shares.
The IPO opens on October 31, 2023, and closes on November 2, 2023.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Honasa Consumer IPO opens on October 31, 2023 and closes on November 2, 2023.
Honasa Consumer IPO lot size is 46 Shares, and the minimum amount required is ₹14,904.
You can apply in Honasa Consumer IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services.
The finalization of Basis of Allotment for Honasa Consumer IPO will be done on Tuesday, November 7, 2023, and the allotted shares will be credited to your demat account by Thursday, November 9, 2023.
Check the IPO allotment status.
The Honasa Consumer IPO listing date is November 10, 2023.
To Bid online, you need
Demat Account and Pan card.
Login to SMC account and
select the Honasa Consumer IPO
Enter UPI Id & Mobile number
Place your number of bids
with the exchange
A UPI mandate is sent to your
UPI App to block your funds.
