Mamaearth IPO GMP Today: The Mamaearth IPO Date is schedule to begin trading on October 31 and end on November 02. The Mamaearth IPO is expect to generate around ₹1701 crores by the sale of up to 41,248,162 shares at a price of ₹10 apiece, as well as a new ₹365 issue. HNI is 15%, QIB is 75%, and the retail quota is 10%.
The allocation for the Honasa Consumer IPO is expect to be finish on November 7, 2023; refunds are scheduled on November 8, 2023, and credit to a demat account is scheduled for November 9, 2023. The proposed listing date for the IPO is November 10, 2023.
Mamaearth IPO Date:
The Mamaearth IPO Date comprises a ₹365 crore fresh share issue in addition to an offer for sale (OFS) of approximately 4.12 crore shares. Varun Alagh, the promoter of Honasa, will sell 3,186,300 shares during the IPO, while his wife Ghazal Alagh may sell up to 100,000 shares. Other investors in the OFS who are selling include Kunal Bahl, Shilpa Shetty Kundra, Rishabh Harsh Mariwala, Fireside Ventures Fund, Sofina, Stellaris, and Rohit Kumar Bansal.
- The Mamaearth IPO Date net profits will be used by the firm to fund the following objectives: advertising expenses to increase the visibility and awareness of the company’s brands; the amount of money required to establish new EBOs; General business aims, an undisclosed inorganic acquisition, and financial backing for the company’s subsidiary, Bhabani Blunt Hairdressing Private Limited (BBlunt), to open additional salons.
Mamaearth IPO GMP:
The Grey Market Premium, or GMP, for the Mamaearth IPO, is ₹30. Check out the current Mamaearth IPO GMP, also known as the IPO Grey Market Premium, Kostak, and Subject to Sauda rates. GMP for Mamaearth’s IPO began. Watch this space for the most recent Mamaearth IPO GMP figures. The reference of Mamaearth IPO GMP (IPO Grey Market Premium) is only applicable for the date specified in the header.
|IPO Open||October 31, 2023|
|IPO Close||November 2, 2023|
|IPO Size||Approx ₹1701 Crores|
|Fresh Issue||Approx ₹365 Crores|
|Offer for Sale||Approx 41,248,162 shares|
|Face Value||₹10 Per Equity Share|
|IPO Price Band||₹308 to ₹324 Per Share|
|Basis of Allotment||November 7, 2023|
|Refunds||November 8, 2023,|
|Credit to Demat Account||November 9, 2023|
|IPO Listing Date||November 10, 2023,|
|IPO Listing on||BSE & NSE|
On the IPO Grey Market, we are not purchasing and reselling IPO forms. The premium received by selling an IPO application to a third party in an off-market transaction prior to the issue being allocate or listed is known as the Kostak Rate. It is not advisable to subscribe for an IPO based only on the premium price since it might alter before listing. Please only subscribe after carefully examining the company’s fundamentals.
How to Check Mamaearth IPO Allotment Status?
To check Mamaearth IPO allotment status, follow these steps:
- Visit the official website of the registrar or the stock exchange where Mamaearth IPO is list.
- Visit the website and go to the “IPO Allotment” or “Allotment Status” tab.
- Include your Permanent Account Number (PAN) together with your Application ID (ID Client) or DP ID.
- Submit the details, and the website will display your allotment status, indicating whether you have been allotted shares or not.
- You can also check your allotment status through your bank’s net banking portal or by using the registrar’s official mobile app, if available.
Mamaearth IPO Allotment & Listing Dates
October 31 is the date of the Mamaearth IPO, and November 2 is the closing date. On November 7, the Mamaearth IPO allocation will be finalize, and on November 10, the IPO will go live.
Mamaearth IPO Market Lot
With an application fee of ₹14,904, the minimum market lot for the Mamaearth IPO is 46 shares. Retail investors may submit applications for up to 13 lots totaling 598 shares, or ₹193,752.
- Retail Minimum:46, ₹14,904
- Retail Maximum: 598, ₹193,752
- S-HNI Minimum: 644, ₹208,656
- B-HNI Minimum: 3128, ₹1,013,472
Mamaearth IPO Limited IPO Buy or Not
Deciding whether to buy shares in Mamaearth IPO Limited depends on your investment goals, risk tolerance, and market research. Assess the company’s financial health, growth prospects, and valuation. Consider the demand for sustainable and eco-friendly products and the company’s positioning in that market.
Consult with financial experts or conduct thorough due diligence before making a decision. Remember that investing in IPOs can be volatile, and it’s essential to make an informed choice based on your individual circumstances and objectives.
This IPO will be beneficial in Future, comment below!
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