Saturday, December 2, 2023

mamaearth ipo allotment status: Mamaearth IPO share allotment finalised. Here’s how you can check status

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The share allotment of Mamaearth IPO got finalised on Sunday. Investors received shares on a lottery basis and the whole process was supervised by the registrar.On the allotment date, investors get to know about the number of shares allotted to them as against the bids made. They can check the allotment status through the BSE or by visiting the registrar’s website. Here’s how you can check the status on BSE.

Step 1: Visit the BSE WebsiteStep 2: Please select the issue name, that is the company’s name in the dropdown.

Step 3: Enter the application number or PAN number to check the allotment status.

The company’s shares are expected to get listed on the exchanges on November 7. According to market sources, Mamaearth is commanding a premium of Rs 31 in the unlisted market.

Considering the upper price band of Rs 324, the stock is likely to debut with a premium of 10%. At the upper band, the company is valued at Rs 10,425 crore and will garner about Rs 1,701 crore through the IPO.The public offer was subscribed 7.6 times at close, led by strong interest from retail investors.

Proceeds from the listing will be used for advertising expenses, capital expenditure in setting up new exclusive brand outlets (EBOs), investment in its subsidiary BBlunt for opening new salons, and for general corporate purposes and unidentified inorganic acquisitions.

Honasa Consumer, a beauty and personal care brand (bpc), has a product portfolio in the baby care, face care, body care, hair care, colour cosmetics and fragrances segment.

It operates six brands – Mamaearth, The Derma Co, Bblunt, Ayuga, Aqualogica and Dr Sheth. Mamaearth is the flagship brand, bringing in the highest revenue.

The company had posted a loss of Rs 151 crore in FY23 against a profit of Rs 14.4 crore a year earlier. The Delhi-based startup reported a 58% jump in its revenues to Rs 1,493 crore in the same period. In the recent June quarter, revenue from operations rose 49% to Rs 464 crore. Net profit was at Rs 9.24 crore as against a loss of Rs 2.51 crore a year ago.

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