{"id":2997,"date":"2023-10-25T15:15:57","date_gmt":"2023-10-25T09:45:57","guid":{"rendered":"https:\/\/www.spidersoftwareindia.com\/blog\/?p=2997"},"modified":"2023-10-25T15:15:59","modified_gmt":"2023-10-25T09:45:59","slug":"mamaearth-parent-plans-rs-1700-cr-ipo-on-oct-31-honasa-aims-at-rs-10500-cr-valuation","status":"publish","type":"post","link":"https:\/\/www.spidersoftwareindia.com\/blog\/mamaearth-parent-plans-rs-1700-cr-ipo-on-oct-31-honasa-aims-at-rs-10500-cr-valuation\/","title":{"rendered":"Mamaearth parent plans Rs 1,700-cr IPO on Oct 31; Honasa aims at Rs 10,500-cr valuation"},"content":{"rendered":"\n<p>Founded in 2016 by the husband-wife team of Varun and Ghazal Alagh, Honasa Consumer achieved unicorn status in January 2022.<\/p>\n\n\n\n<!--more-->\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/uploads\/2023\/10\/mamaearth-compressed-3_0-1024x576.jpeg\" alt=\"\" class=\"wp-image-2998\" srcset=\"https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/uploads\/2023\/10\/mamaearth-compressed-3_0-1024x576.jpeg 1024w, https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/uploads\/2023\/10\/mamaearth-compressed-3_0-300x169.jpeg 300w, https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/uploads\/2023\/10\/mamaearth-compressed-3_0-768x432.jpeg 768w, https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/uploads\/2023\/10\/mamaearth-compressed-3_0.jpeg 1280w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-center\">IPO Dates:<\/h2>\n\n\n\n<p>The IPO is scheduled to be launched on October 31, with a pre-IPO placement set for October 30. The public issue will conclude on November 2.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-center\">IPO Details:<\/h2>\n\n\n\n<p>According to the red herring prospectus (RHP), MamaEarth, one of Honasa&#8217;s brands, plans to issue fresh shares worth Rs 365 crore. Additionally, there will be an offer for sale (OFS) of 41.25 million shares. It&#8217;s worth noting that the amount of fresh proceeds is lower than the Rs 400 crore initially proposed in the company&#8217;s DRHP filed in December of the previous year.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-center\">Stakeholders Participating in OFS:<\/h2>\n\n\n\n<p>Various stakeholders are participating in the OFS, including MamaEarth co-founders Varun Alagh and Ghazal Alagh, Fireside Ventures, Stellaris Venture Partners, Sofina, Snapdeal founders Kunal Bahl and Rohit Bansal, and brand ambassador Shilpa Shetty Kundra. However, Peak XV Partners (formerly Sequoia Capital) will not be participating in the OFS this time. Evolvence India, which initially planned to participate in the OFS, has also decided not to do so.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-center\">Ownership Distribution:<\/h2>\n\n\n\n<p>Peak XV Partners is the largest external shareholder with a 19.38% stake in the company. Fireside Ventures and Stellaris Venture Partners own 10.38% and 9.45% stakes, respectively. The co-founders of MamaEarth, Varun and Ghazal Alagh, collectively hold approximately 37.35% of the company&#8217;s stake.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-center\">Lead Managers:<\/h2>\n\n\n\n<p>The company&#8217;s red herring prospectus (RHP) states that the lead managers for its upcoming IPO are Kotak Mahindra Bank, Citigroup, JM Financials, and JP Morgan. These financial institutions will play a crucial role in managing the IPO process.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-center\">Financial Performance:<\/h2>\n\n\n\n<ol type=\"1\" start=\"1\">\n<li>For the fiscal year ending on March 31, 2023, Honasa&#8217;s revenue from operations grew significantly by 58.3%, reaching Rs 1,493 crore from Rs 943 crore in the previous fiscal year (FY22).<\/li>\n\n\n\n<li>The company&#8217;s profits declined by 71.4% in FY23, dropping to Rs 4 crore from Rs 14 crore in FY22. This decline excludes an exceptional item of Rs 154.6 crore related to the impairment loss on goodwill and other intangible assets. Without this exclusion, the company would have reported a net loss of Rs 151 crore.<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-center\">Quarterly Results:<\/h2>\n\n\n\n<p>The company also disclosed its quarterly results for Q1 FY24, during which it generated Rs 464.49 crore in revenue from operations. This indicates the company&#8217;s financial performance for the first quarter of the fiscal year 2023-24.<\/p>\n\n\n\n<p>An Opportunity to Learn Live Trading and Training on Monthly Expiry by <a href=\"https:\/\/rzp.io\/l\/3WNYNdE\">Clicking Here<\/a><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/uploads\/2023\/10\/Gourav-Pandey-Expiry-Special-Webinar-1024x576.jpg\" alt=\"The image explains that Spider Software is conducting a Webinar on Trading &amp; Training Live on Monthly Expiry.\" class=\"wp-image-2868\" srcset=\"https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/uploads\/2023\/10\/Gourav-Pandey-Expiry-Special-Webinar-1024x576.jpg 1024w, https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/uploads\/2023\/10\/Gourav-Pandey-Expiry-Special-Webinar-300x169.jpg 300w, https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/uploads\/2023\/10\/Gourav-Pandey-Expiry-Special-Webinar-768x432.jpg 768w, https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/uploads\/2023\/10\/Gourav-Pandey-Expiry-Special-Webinar-1536x864.jpg 1536w, https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/uploads\/2023\/10\/Gourav-Pandey-Expiry-Special-Webinar-2048x1152.jpg 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/div>\n\n\n<p>Also check out the <a href=\"https:\/\/www.spidersoftwareindia.com\/blog\/upcoming-ipos-in-october-2023\/\">Upcoming IPO&#8217;s<\/a>.<\/p>\n\n\n\n<p>If you&#8217;d like to know how we analyze the market and provide accurate levels every day. then click on the Free Demo button below and change your trading life for good. 5X returns are possible in options trading If you have Spider Software in your trading system. <\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-1 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline\"><a class=\"wp-block-button__link has-white-color has-vivid-cyan-blue-background-color has-text-color has-background wp-element-button\" href=\"https:\/\/spidersoftwareindia.com\/contact-us.php\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Free Demo<\/strong><\/a><\/div>\n\n\n\n<div class=\"wp-block-button is-style-outline\"><a class=\"wp-block-button__link has-vivid-green-cyan-color has-text-color wp-element-button\" href=\"https:\/\/rzp.io\/l\/b8kiANSCW\" target=\"_blank\" rel=\"noreferrer noopener\">Buy Now<\/a><\/div>\n<\/div>\n\n\n\n<pre class=\"wp-block-code has-small-font-size\"><code>Disclaimer: The information provided in this Blog is for educational purposes only and should not be construed as financial advice. Trading in the stock market involves a significant level of risk and can result in both profits and losses. Spider Software &amp; Team does not guarantee any specific outcome or profit from the use of the information provided in this Blog. It is the sole responsibility of the viewer to evaluate their own financial situation and to make their own decisions regarding any investments or trading strategies based on their individual financial goals, risk tolerance, and investment objectives. Spider Software &amp; Team shall not be liable for any loss or damage, including without limitation any indirect, special, incidental or consequential loss or damage, arising from or in connection with the use of this blog or any information contained herein.<\/code><\/pre>\n<div class=\"pvc_clear\"><\/div><p id=\"pvc_stats_2997\" class=\"pvc_stats all  \" data-element-id=\"2997\" style=\"\"><i class=\"pvc-stats-icon large\" aria-hidden=\"true\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"far\" data-icon=\"chart-bar\" role=\"img\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 512 512\" class=\"svg-inline--fa fa-chart-bar fa-w-16 fa-2x\"><path fill=\"currentColor\" d=\"M396.8 352h22.4c6.4 0 12.8-6.4 12.8-12.8V108.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v230.4c0 6.4 6.4 12.8 12.8 12.8zm-192 0h22.4c6.4 0 12.8-6.4 12.8-12.8V140.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v198.4c0 6.4 6.4 12.8 12.8 12.8zm96 0h22.4c6.4 0 12.8-6.4 12.8-12.8V204.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v134.4c0 6.4 6.4 12.8 12.8 12.8zM496 400H48V80c0-8.84-7.16-16-16-16H16C7.16 64 0 71.16 0 80v336c0 17.67 14.33 32 32 32h464c8.84 0 16-7.16 16-16v-16c0-8.84-7.16-16-16-16zm-387.2-48h22.4c6.4 0 12.8-6.4 12.8-12.8v-70.4c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v70.4c0 6.4 6.4 12.8 12.8 12.8z\" class=\"\"><\/path><\/svg><\/i> <img loading=\"lazy\" decoding=\"async\" width=\"16\" height=\"16\" alt=\"Loading\" src=\"https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/plugins\/page-views-count\/ajax-loader-2x.gif\" border=0 \/><\/p><div class=\"pvc_clear\"><\/div>","protected":false},"excerpt":{"rendered":"<p>Founded in 2016 by the husband-wife team of Varun and Ghazal Alagh, Honasa Consumer achieved unicorn status in January 2022.<\/p>\n<div class=\"pvc_clear\"><\/div>\n<p id=\"pvc_stats_2997\" class=\"pvc_stats all  \" data-element-id=\"2997\" style=\"\"><i class=\"pvc-stats-icon large\" aria-hidden=\"true\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"far\" data-icon=\"chart-bar\" role=\"img\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 512 512\" class=\"svg-inline--fa fa-chart-bar fa-w-16 fa-2x\"><path fill=\"currentColor\" d=\"M396.8 352h22.4c6.4 0 12.8-6.4 12.8-12.8V108.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v230.4c0 6.4 6.4 12.8 12.8 12.8zm-192 0h22.4c6.4 0 12.8-6.4 12.8-12.8V140.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v198.4c0 6.4 6.4 12.8 12.8 12.8zm96 0h22.4c6.4 0 12.8-6.4 12.8-12.8V204.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v134.4c0 6.4 6.4 12.8 12.8 12.8zM496 400H48V80c0-8.84-7.16-16-16-16H16C7.16 64 0 71.16 0 80v336c0 17.67 14.33 32 32 32h464c8.84 0 16-7.16 16-16v-16c0-8.84-7.16-16-16-16zm-387.2-48h22.4c6.4 0 12.8-6.4 12.8-12.8v-70.4c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v70.4c0 6.4 6.4 12.8 12.8 12.8z\" class=\"\"><\/path><\/svg><\/i> <img loading=\"lazy\" decoding=\"async\" width=\"16\" height=\"16\" alt=\"Loading\" src=\"https:\/\/www.spidersoftwareindia.com\/blog\/wp-content\/plugins\/page-views-count\/ajax-loader-2x.gif\" border=0 \/><\/p>\n<div class=\"pvc_clear\"><\/div>\n","protected":false},"author":1,"featured_media":2999,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[26,22,5,30,21,25,9,10,7,8],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Mamaearth parent plans Rs 1,700-cr IPO on Oct 31; Honasa aims at Rs 10,500-cr valuation<\/title>\n<meta name=\"description\" content=\"Founded in 2016 by the husband-wife team of Varun and Ghazal Alagh, Honasa Consumer achieved unicorn status in January 2022.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.spidersoftwareindia.com\/blog\/mamaearth-parent-plans-rs-1700-cr-ipo-on-oct-31-honasa-aims-at-rs-10500-cr-valuation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mamaearth parent plans Rs 1,700-cr IPO on Oct 31; Honasa aims at Rs 10,500-cr valuation\" \/>\n<meta property=\"og:description\" content=\"Founded in 2016 by the husband-wife team of Varun and Ghazal Alagh, Honasa Consumer achieved unicorn status in January 2022.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.spidersoftwareindia.com\/blog\/mamaearth-parent-plans-rs-1700-cr-ipo-on-oct-31-honasa-aims-at-rs-10500-cr-valuation\/\" \/>\n<meta property=\"og:site_name\" content=\"Technical Analysis &amp; 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