In this article you get to know insight about Honasa Consumer Limited IPO Details. Honasa Consumer Limited (HCL) is a company that specializes in providing beauty and personal care products through its digital platform. Founded in 2016, the company is guided by the values of Honesty, Natural ingredients, and Safe care, and it has rapidly expanded its presence to serve over 500 cities in India. HCL has developed several consumer brands in-house, including Mamaearth, The Derma Co., Aqualogica, Dr. Sheth’s, and Ayuga. Additionally, the company has acquired shares in BBLUNT and the content platform Momspresso. Backed by notable investors such as Sequoia Capital India, Sofina SA, Fireside Ventures, and Stellaris Venture Partners, HCL has ambitious plans to become a $1 billion company.
As of June 30, 2023, HCL’s product portfolio spans various categories, including baby care, face care, body care, hair care, color cosmetics, and fragrances. The company’s core strengths include its ability to create innovative products and its diverse distribution channels, both online and offline, to meet the needs of its customers.
Objects of the Issue
The company intends to utilize the proceeds from the IPO for the following purposes:
Advertisement expenses to enhance the awareness and visibility of the company’s brands. This includes marketing and promotional activities to reach a wider audience and increase brand recognition.
Capital expenditure for setting up new Exclusive Brand Outlets (EBOs). This involves the cost of establishing new retail stores or outlets to expand the company’s physical presence.
Expanding the salon business and supporting its growth.
General corporate purposes and unidentified inorganic acquisitions. These funds may be used for various corporate needs, investments, and potential acquisitions that align with the company’s growth and expansion strategies.
Honasa Consumer Limited IPO Details
|IPO Date||October 31, 2023 to November 2, 2023|
|Face Value||₹10 per share|
|Total Issue Size|
|Issue Type||Book Built Issue IPO|
|Share holding pre issue||310,479,227|
|Share holding post issue|
|Market Maker portion|
Honasa Consumer Limited IPO Reservation
Qualified Institutional Buyers (QIBs): Not less than 75% of the Net Issue will be offered to QIBs. This category typically includes institutional investors like mutual funds, banks, and financial institutions.
Retail Investors: Not more than 10% of the Net Issue will be offered to retail investors. Retail investors are individual investors who apply for shares in the IPO for personal investment purposes.
Non-Institutional Investors (NIIs) or High Net Worth Individuals (HNIs): Not more than 15% of the Net Issue will be offered to NIIs or HNIs. This category includes investors who are not QIBs or retail investors and often includes high-net-worth individuals and corporate bodies.
These allocations ensure that a significant portion of the IPO shares is made available to institutional investors while also providing opportunities for retail and high-net-worth investors to participate in the offering.
Honasa Consumer Limited IPO Promoter Holding
Company Promoters are Varun Alagh and Ghazal Alagh and Share Holding Pre Issue 37.41%
Honasa Consumer Limited IPO Tentative Dates
|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|
Honasa Consumer Limited IPO Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
If you have any inquiries or require information related to the IPO, allotment status, or other related services, you can get in touch with them using the provided contact details.
What is Honasa Consumer Limited (HCL) known for, and when was it founded?
HCL specializes in providing beauty and personal care products through its digital platform. It was founded in 2016.
What are the core values guiding HCL’s business?
HCL is guided by the values of Honesty, Natural ingredients, and Safe care.
How many cities in India does HCL serve as of now?
HCL serves over 500 cities in India.
What are some of the consumer brands developed by HCL in-house?
HCL has developed several consumer brands in-house, including Mamaearth, The Derma Co., Aqualogica, Dr. Sheth’s, and Ayuga. Additionally, the company has acquired shares in BBLUNT and the content platform Momspresso.
Who are some of the notable investors backing HCL?
HCL is backed by notable investors such as Sequoia Capital India, Sofina SA, Fireside Ventures, and Stellaris Venture Partners.
What is HCL’s vision in terms of its future growth?
HCL has ambitious plans to become a $1 billion company.
What are the categories covered by HCL’s product portfolio as of June 30, 2023?
HCL’s product portfolio includes categories like baby care, face care, body care, hair care, color cosmetics, and fragrances.
What is the primary use of the proceeds from the HCL IPO?
The proceeds from the IPO will be used for various purposes, including advertisement expenses, capital expenditure for setting up new Exclusive Brand Outlets (EBOs), investment in the subsidiary BBlunt for setting up new salons, and general corporate purposes, including unidentified inorganic acquisitions.
When is the Honasa Consumer Limited IPO scheduled to take place?
The Honasa Consumer Limited IPO is scheduled to be open for subscription from October 31, 2023, to November 2, 2023.
What is the face value of Honasa Consumer Limited shares?
The face value of Honasa Consumer Limited shares is ₹10 per share.
What are the tentative dates for the Honasa Consumer Limited IPO process?
The IPO opens on Tuesday, October 31, 2023, and closes on Thursday, November 2, 2023. The listing date is Friday, November 10, 2023.