Honasa Consumer Limited

Price
₹308 - ₹324
Lot
46
Subs.
7.61
Expected Listing Earning

Exp. Premium(GMP):
99.14(30.60%)
IPO Details

Open Date: 31-Oct-2023
Close Date: 02-Nov-2023
Allotment Date: 03-Nov-2023
Listing Date: 07-Nov-2023
Listing Price: ₹330/-
Face Value: ₹10 Per Equity Share
Issue Price: ₹308-324 Per Equity Share
Issue Size: Total Issue Size 52,516,742 shares (aggregating up to ₹1,701.44 Cr) : Fresh Issue 11,268,580 shares (aggregating up to ₹365.00 Cr) : Offer for Sale 41,248,162 shares of ₹10 (aggregating up to ₹1,336.40 Cr)
Market Lot (Min Amount): Retail - ₹14,904 : S-HNI - ₹208,656 : B-HNI - ₹1,013,472
Subscription Details Updated at End of the Day

As on

QIB

Nll

Rll

Emp

Total

Shares Offered/Reserved15,744,820 7,872,4095,248,27234,01328,899,514
Day 1 - 31-10-23 
05:00 PM
0.10x0.03x0.35x2.06x0.13x
Day 2 - 01-11-23 
05:00 PM
1.02x0.09x0.62x3.22x0.70x
Day 3 - 02-11-23 
05:00 PM
11.50x4.02x1.35x4.88x7.61x
Total No. of Application:1,19,510 (Approx.)
Retail Subscription on the basis of Apps:1.05x
Valuations

Earning Per Share(EPS)₹4.66/-
P/E RatioN/A
RoNW-23.57%
Net Asset Value (NAV) - Post Issue:₹N/A/-
Company Financials (in Crore)

 Total AssetsTotal RevenueProfit After Tax
31 Mar,2023966.421,515.27-150.97
31 Mar,20221,035.01964.3514.44
31 Mar,2021302.64472.10-1,324.61
Promoter(s)

Pre Issue Share Holding37.41%
Post Issue Share Holding35.34%
Company Promoter(s)
1. Varun Alagh
2. Ghazal Alagh
Issue Objective(s)

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.

About Company

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

  1. Building Innovative products.
  2. The company has multiple distribution channels to cater to customers' needs online and offline.
Disclaimer

No financial information whatsoever published anywhere, within this application, should be considered as an advise to buy or sell securities or invest in IPOs, or as guide to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. 

Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.

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