Mamaearth IPO: This is what the latest GMP, subscription status suggests about the share listing

The initial public offering (IPO) of Honasa Consumer Ltd, the parent company of D2C brand Mamaearth, witnessed a decent response from investors during its bidding process. Yes ₹1,701-crore Mamaearth IPO opened for public subscription on October 31 and closed on November 2. The company completed the basis of the IPO allocation on Friday, November 3.Shares of beauty and personal care company Honasa Consumer will be listed on the BSE and NSE, with a target date of November 10.

 

Before the IPO listing, let’s check what Mamaearth ipo gmp and subscription status shows:

 

Mamaearth ipo gmp

Mamaearth ipo gmp today, or popular in the gray market today, is ₹24 per share, according to market observers. This indicates that the Mamaearth share price is trading at a premium ₹24 apiece in the gray market on Saturday, November 4.

 

Considering the peak of the IPO price band and the current premium in the gray market, Mamaearth’s estimated stock price is ₹348 pieces, which is 7.41% higher than the IPO price ₹324.

 

Mamaearth IPO Subscription Status

Mamaearth IPO was subscribed 7.61 times during the bidding process. The public issue received bids for 22 crore shares against 2.89 crore shares offered, according to data from the NSE.

 

In the Mamaearth IPO, the retail investor’s share was subscribed 1.35 times, the non-institutional investor (NII) share was subscribed 4.02 times, and the quota reserved for qualified buyers (QIB) was subscribed 11.50 times. Employees were booked 4.88 times.

 

Read here: Mamaearth IPO Day 3 highlights: 7.61 subscriptions; Retail, QIB, staff are fully booked

 

Mamaearth IPO details

The Mamaearth IPO auction opened for subscription on October 31 and closed on November 2.

 

Honasa consumers raised ₹1,701 crore from the public offering. The IPO includes a new issue of equity shares ₹365 crore and an offer for sale (OFS) of 4.12 crore shares by promoters and investors.

 

In OFS, promoter Honasa Varun Alagh sold 3,186,300 shares and his wife Ghazal Alagh loaded up to 100,000 shares.

 

Mamaearth IPO price band is set at ₹308 to ₹324 per share and IPO lots size 46 shares.

 

The company reserved up to 34,013 shares for employees and offered them a discount ₹30 to the problem price.