Mama Earth, the parent company of Honasa Consumer, has opened its IPO today (Tuesday, October 31). However, MamaEarth IPO will close on Thursday, November 2, 2023. In fact, the Honasa consumer IPO raised a capital of Rs. 675.20 crore from all anchor investors on Monday. Therefore, shares of the company are commanding a minor premium of rupees 10, in the unlisted market. After all, the grey market allows the buying and selling of IPO shares off the record until the listing.
Subscription Status
As per the latest MamaEarth IPO Subscription Status, their IPO has subscribed to 3 percent on day one. However, retail investors subscribed to Mama Earth’s retail investor portion at 14 percent. In contrast, the NII portion subscribed to one percent, and the qualified institutional buyers’ portion had yet to see subscriptions. The employee portion was thus booked 1.05 times.
MamaEarth GMP
As per MamaEarth IPO GMP today or grey market premium, is plus 7, similar to the former three sessions. However, this demonstrates that Mama Earth sharing prices were trading at a premium of Rs 7 in the grey market on Tuesday. In fact, reports suggest the rough calculated listing price of Mama Earth shares at Rs 331 per piece, citing the upper end of the IPO price band and the current premium. Not to mention, this price is 21.6 percent higher than the IPO price of rupees 324. In short, Grey market premium specifies investors’ readiness to pay much more than the issue price.
Date and Time
If you are searching for MamaEarth IPO date and time then it is opening on October 31, and closing on November 2, 2023.
Price
MamaEarth IPO price consists of an offer for the sale of around 4.12 crore shares and a fresh share insurance up to 365 crores. However, the company went on to raise about Rs. 1701.44 crore in the upper price band. The company was consequently valued at Rs 10,424.53 crore.
Should You Subscribe to The MamaEarth IPO?
MamaEarth IPO review based on the red herring prospectus (RHP) submitted by Honasa Consumer Ltd. to the Securities and Exchange Board of India. However, Mama Earth is a very known brand for toxin free beauty and personal care products. Thus, it is critical for investors to evaluate Honasa Consumer Limited’s advantages and potential disadvantages. Finally, before committing to investment opportunities in its IPO, Mama Earth’s parent company.
Conclusion
If you are one of those who continues to invest, the MamaEarth IPO is a once-in-a-lifetime opportunity. However, before investing, it is critical to conduct extensive research and study. Therefore, we have brought you detailed information about the MamaEarth IPO. We do not want you to miss out on anything, so we have done our best to provide you with all the details.
You can sign up for updates by visiting our website, ScoopDose. We have all the information you need about cricket, technology, TV, and much more on our website.
