Here we will be providing investors the information about Mamaearth IPO GMP today, price, listing date and its current subscription status.
Everyone is waiting for the listing of Mamaearth IPO and excited to see how this IPO performs in the current stock market situation.
Mamaearth IPO GMP Today
The Mamaearth IPO GMP today (grey market premium) is ₹10. This means that investors are willing to pay ₹10 per share above the upper price band of ₹324. The GMP is a good indicator of the demand for the IPO in the grey market.
Mamaearth IPO Date
The Mamaearth IPO is scheduled to open on October 31, 2023, and close on November 2, 2023. The allotment of shares is expected to be finalized on November 7, 2023, and the shares are expected to list on the BSE and NSE on November 10, 2023.
Mamaearth IPO Valuation
The Mamaearth IPO is valued at ₹1701 crores at the upper price band. The company is planning to raise around ₹365 crores through a fresh issue of shares, and the remaining amount will be raised through an offer for sale (OFS) by promoters and investors.
Mamaearth IPO Price
The Mamaearth IPO price band has been set at ₹308-324 per equity share. The minimum bid quantity is 46 shares, and investors can bid in multiples of 46 shares thereafter.
Mamaearth IPO Listing Date
The Mamaearth IPO is expected to list on the BSE and NSE on November 10, 2023.
Mamaearth IPO Subscription Status
The Mamaearth IPO is subscribed 0.70 times as of November 01, 2023. The public issue closes on November 2, 2023 for bidding.
The retail category of Mamaearth IPO subscribed 0.62 times as of date November 01, 2023.
The IPO is expected to be oversubscribed, given the strong demand for the company’s products and its growing brand equity. Since the subscription status is good the current Mamearth IPO GMP today is also higher than its IPO price.
Here is a breakdown of the Mamaearth IPO subscription status by category:
- Qualified Institutional Bidders (QIBs): 1.02 times
- Non-Institutional Bidders (NIIs): 0.09 times
- Retail Individual Investors (RIIs): 0.62 times
The final subscription status will be announced on November 3, 2023.
Mamaearth Business
Don’t just look at Mamaearth IPO GMP today but also see what type business Mamaearth does. Mamaearth is a direct-to-consumer personal care brand that sells a wide range of products for babies and adults, including hair care, skin care, body care, and oral care products. The company’s products are made with natural ingredients and are free of harsh chemicals.
In the personnel care category Mamaearth is considered to be one of the fastest growing brand in India. The company has a strong presence in the online market and is also expanding its offline presence. In the financial year 2023, Mamaearth reported revenue of ₹1357 crores and net profit of ₹40 crores.
Also Read: 10 Best Penny Stocks In India Below 1 Rupee In 2023
Should You Invest in Mamaearth IPO?
Mamaearth is a well-established brand with a strong track record of growth. The company is also operating in a growing market. However, the IPO is priced at a premium, and investors should carefully consider their risk appetite before investing.
Here are some factors that investors should consider before investing in the Mamaearth IPO:
- Financial performance: Mamaearth has reported strong financial performance in recent years. The company’s revenue and net profit have grown significantly in the past few years.
- Market growth: The Indian personal care market is expected to grow at a CAGR of 10.6% over the next five years. This growth is being driven by factors such as rising disposable incomes, increasing urbanization, and growing awareness of personal care products.
- Brand strength: Mamaearth is a well-established brand with a strong presence in the online market. The company has also started expanding its offline presence.
- Competition: The Indian personal care market is highly competitive, with a number of established players such as Hindustan Unilever, Procter & Gamble, and L’Oreal.
- Valuation: The Mamaearth IPO is priced at a premium. Investors should carefully consider their risk appetite before investing.
Overall, even though Mamaearth IPO GMP today is above its listing price however, the investors should carefully consider their risk appetite before investing.
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