Honasa Consumer IPO Price: ₹308 - ₹324
IPO Date Range: Oct 31, 2023 - Nov 2, 2023
Established in 2016, Honasa Consumer Limited (HCL) operates a digital platform offering a range of beauty and personal care products. Rooted in the principles of Honesty, Natural ingredients, and Safe care, Honasa Consumer extends its services to more than 500 cities across India.
The company has successfully cultivated and nurtured a diverse portfolio of consumer brands right from their inception. Notable names in their brand family include
Each brand is carefully developed to cater to specific consumer needs. Furthermore, the company has proactively expanded its horizons by making strategic investments, recently acquiring shares in the renowned beauty brand BBLUNT and collaborating with the influential content platform Momspresso to enhance its reach and influence in the market.
Presently, Honasa Consumer serves an extensive network encompassing more than 20,000 pin codes and over 40,000 points of sale throughout India. They are actively creating an ecosystem that aims to bring advantages to consumers and the broader community.
With robust backing from renowned investors like Sequoia Capital India, Sofina SA, Fireside Ventures, and Stellaris Venture Partners, Honasa Consumer is poised for substantial growth, setting its sights on achieving the status of a billion-dollar company.
The company's foundation is built upon its remarkable ability to:
| IPO Date | October 31, 2023 to November 2, 2023 |
| Listing Date | Friday, November 10, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹308 to ₹324 per share |
| Lot Size | 46 shares |
| Total Issue Size | 5,30,98,811 shares (aggregating up to ₹1,701 Cr) |
| Fresh Issue | . shares (aggregating up to ₹365 Cr) |
| Offer For Sale | 41,248,162 shares (aggregating up to ₹ .Cr) |
| Employee Discount | ₹30 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 310,479,227 |
| Share holding post issue | 321,744,659 |
The minimum lot size to apply in this Honasa Consumer Limited IPO consists of 46 shares, requiring an investment of ₹14,904.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 46 | ₹ 14,904 |
| Retail (Max) | 13 | 598 | ₹ 1,93,752 |
| S-HNI (Min) | 14 | 644 | ₹ 2,08,656 |
| S-HNI (Max) | 67 | 3,082 | ₹ 9,98,568 |
| B-HNI (Min) | 68 | 3,128 | ₹ 10,13,472 |
| 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 |
| 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 |
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During the fiscal year ending on March 31, 2022, Honasa Consumer Limited saw a remarkable 104.27% growth in revenue. However, their profit after tax (PAT) experienced a significant decline of -101.09% compared to the previous year, ending on March 31, 2021.
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 | 30 June 2023 |
|---|---|---|---|---|
| Assets | 302.64 | 1035.01 | 966.42 | 1104.68 |
| Revenue | 472.10 | 964.35 | 1515.27 | 316.56 |
| Profit After Tax | -1332.21 | 14.55 | -150.97 | -11.53 |
| Net Worth | -1765.14 | 705.62 | 605.90 | 700.97 |
| Total Borrowing | 1954.00 | 3.59 | 3.61 | 5.92 |
| KPI | Values |
|---|---|
| Market Cap (₹ Cr.) | ₹ 10425 |
| EPS (Rs) | 4.66 |
| RoNW | -23.57% |
The company plans to use the Net Proceeds for the following purposes:
Prospectus: Official documents that provide detailed information about the IPO and the company. Honasa Consumer IPO DRHP and Honasa Consumer IPO RHP.
An IPO, or Initial Public Offering, is the process by which a private company offers its shares to the public for the first time to raise capital.
Companies go public to raise capital for expansion, reduce debt, or for other corporate purposes. It also provides liquidity to existing shareholders.
The price range for the"Honasa Consumer Limited" IPO is ₹308 to ₹324 per share.
The "Honasa Consumer Limited" IPO is expected to be listed on Friday, November 10, 2023.
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