Mamaearth IPO: Here’s what GMP, subscription status suggest about share listing
In the Mamaearth IPO, retail investors’ portion was subscribed 1.35 times, Non-Institutional Investors’ (NII) portion was subscribed 4.02 times, and the quota reserved for Qualified Institutional Buyers (QIB) was booked 11.50 times. Employee portion was subscribed 4.88 times.
Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Mamaearth shares is ₹348 apiece, which is 7.41% higher than the IPO price of ₹324.
Mamaearth IPO Subscription Status
Mamaearth IPO has been subscribed 7.61 times during its bidding process. The public issue received bids for 22 crore shares against 2.89 crore shares on offer, according to data from the NSE.
In the Mamaearth IPO, retail investors’ portion was subscribed 1.35 times, Non-Institutional Investors’ (NII) portion was subscribed 4.02 times, and the quota reserved for Qualified Institutional Buyers (QIB) was booked 11.50 times. Employee portion was subscribed 4.88 times.
Mamaearth IPO Details
Mamaearth IPO bidding opened for subscription on October 31 and closed on November 2.
Honasa Consumer raised ₹1,701 crore from the public offer. The IPO comprised a fresh issue of shares worth ₹365 crore and an offer for sale (OFS) of 4.12 crore shares by promoters and investors.
In the OFS, Honasa promoter Varun Alagh sold 3,186,300 shares and his wife Ghazal Alagh offloaded up to 100,000 shares.
Mamaearth IPO price band was set at ₹308 to ₹324 per share and the IPO lot size was 46 shares.
The company has reserved up to 34,013 shares for employees and offered them a discount of ₹30 to the issue price.
Mamaearth IPO allotment date: Mamaearth IPO share allotment has been scheduled to take place on Tuesday, November 7. The investors who applied for the issue can check the Mamaearth IPO allotment status in the registrar's portal, which is Kfin Technologies Ltd. In case, the company switches to T+3 norms then the dates will get preponed. Investors must keep an eye on the registrar's portal for this.
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