IPO Financial News

Mamaearth IPO set the price band for its issue at ₹308-324 per equity share of face value of ₹10 each. Mamaearth IPO has reserved not less than 75% of the shares in the public issue for Qualified Institutional Buyers (QIB), not more than 15% for Non Institutional Investors (NII), and not more than 10% of the offer is reserved for Retail Investors.

Cello World IPO price band has been fixed in the range of ₹617 to ₹648 per equity share of face value of ₹5. Also Read: Cello World IPO: Should you subscribe to it? Here's what 5 of top brokerages say Cello World IPO has reserved not more than 50% of the shares in the public issue for Qualified Institutional Buyers (QIB), not less than 15% for Non Institutional Investors (NII), and not less than 35% of the offer is reserved for Retail Investors.

On day 1, Cello World IPO has been subscribed 38%. Cello World IPO has reserved not more than 50% of the shares in the public issue for Qualified Institutional Buyers (QIB), not less than 15% for Non Institutional Investors (NII), and not less than 35% of the offer is reserved for Retail Investors.

Read here: Transteel Seating Technologies IPO: Check GMP, subscription status, other key details as SME issue opens Transteel Seating IPO opened for public subscription on October 30, Monday, and will close on November 1, Wednesday. The company is expected to finalise the basis of IPO allotment on November 6, and initiate refunds on November 7, while credit the shares into the demat accounts of eligible investors on November 8.

FSN E-Commerce Ventures (Nykaa) and Easy Trip Planners, most stocks have given stellar returns in the last 1 year as well as in 2023 YTD. RateGain Travel has surged the most, up 130 percent in the last 1 year and 119 percent in 2023 YTD. PB Fintech (PolicyBazaar) gained over 78 percent in the last 1 year and 56 percent in 2023 YTD.

ESAF refiled its draft IPO papers in July this year and received approval for the same from Sebi earlier this month. The Rs 463-crore IPO includes a fresh equity issue of Rs 391 crore and an offer for sale (OFS) of Rs 72 crore. Investors can bid for a minimum of 250 shares and in multiples thereafter. Under the OFS, promoter selling shareholder ESAF Financial Holdings will offload stake worth Rs 49 crore and other selling shareholders PNB MetLife and Bajaj Allianz Life make up for the remaining OFS portion. The offer is being made through the book building process, where about 50% of the issue is reserved for qualified institutional buyers, 15% for non-institutional investors and the rest 35% for retail investors. The proceeds from the fresh issue will be used towards augmenting the Bank’s Tier– I capital base to meet its future capital requirements. As a small finance bank, ESAF requires at least 75% of its adjusted net bank credit to be allocated to priority sectors.

Mamaearth — as its parent company Honasa Consumer made its debut on the stock exchange on Tuesday. For the high-profile founder couple Ghazal and Varun Alagh, it was a day wrapped in nervous energy and anticipation as the initial public offering (IPO) of Honasa — the listing is at a smaller size than initially planned — rolled out.

Here's a look at the subscription and other details Mamaearth The public offer of Honasa Consumer, which operates the Mamaearth brand, was subscribed just 4% so far on the first day of the bidding process. While the retail category was booked 22%, the other two categories are yet to get off the mark. According to market sources, the company's shares are trading with a marginal premium of Rs 7 in the unlisted market. The issue is priced in the range of Rs 308-324, and at the upper end, the company is valued at nearly Rs 10,500 crore. The IPO includes a fresh equity issue of Rs 365 crore and an offer for sale of about 4.12 crore shares.

Snapdeal co-founders Kunal Bahl and Rohit Kumar Bansal are among the two sharks who had acquired stakes in the digital-first beauty and personal care company at an average cost price of just Rs 3.21 per share in August 2017. At the upper price band of Rs 324, the duo stands to make an astounding profit of Rs 38.27 crore translating into a return of 9,993%. Bahl and Bansal are selling 1,19,3250 shares out of the total 2,386,500 shares owned by them ahead of the IPO.

₹765.20 crore from anchor investors on Monday, October 30. Seven prominent mutual funds invested ₹253 crore in the Mamaearth IPO, receiving 33.1% of the anchor allocation.

Honasa Consumer IPO: The Initial Public offering (IPO) of Mamaearth parent Honasa Consumer Limited hit primary market today. This means, subscription for the Mamaearth IPO has opened today and it will remain open for bidding till 1st November 2023.

Chakri Lokapriya, CIO & MD, TCG AMC, says “one of the big calls that we took was we do not hold HDFC Bank at all after many, many years simply because it is a great company, but the valuations are still kind of reflect some of the integration issues that the company has, which will continue to impact its margins for a good some time more to come. In general, we do not own banks as much, but we are making up for that through NBFCs.” What has been your market approach in the last two or three weeks? Lots of power stocks have corrected in the last few days. And individual stocks are down a good 10-20%. So I think in terms of financing of power through REC, Power Finance, through the power companies itself, like buying BHEL, Siemens, I think those will continue to do well because the long-term story is intact. It is just that in the short-term, there was a profit-taking bout. Since that story is intact, we have been buying.

«In these six years, we have actually built six consumer-loved brands. Now, the kind of growth that we have seen our brands take, it does need certain investment,» says Ghazal Alagh, CIO, Honasa Consumer. Meanwhile, Ramanpreet Sohi, CFO, Honasa Consumer says, «Younger brands, of course, need a higher level of investments because they are in a phase where they are growing faster and we need to continue to invest behind them, so that is how we would like to put it.» Let us begin by talking about the kind of pace of growth that you are currently clocking in. How much faster than the industry are you currently growing at and how much faster are you likely to grow down the line? Ghazal Alagh: In the past few years, we have grown significantly faster than the market. The way our business model has been built actually focuses on the fact that there are certain playbooks and with each of the new brands that we launch and we have six brands now, the playbooks are replicable and they give us efficient growth with each of them. I think what we can say is that our aim is to continue to grow faster than the market and that is what we are going to focus on.

₹57 to ₹60 per equity share of face value of ₹10. ESAF Small Finance Bank IPO opens for subscription on Friday, November 3, and closes on Tuesday, November 7.

Mamaearth IPO: The Initial Public Offering (IPO) of Honasa Consumer Limited popularly known as Mamaearth has hit primary market today. Mamaearth IPO will remain open for bidding till 2nd November 2023. Honasa Consumer Limited has fixed Mamaearth IPO price at ₹308 to ₹324 per equity share.

₹400 crore in the current fiscal year. While prioritizing positive cash flow, Practo will be achieving the target by the end of the year, Lal said. “We are on track.

₹1,000 crore annual revenue has been quick, within six years. But potential investors may need to look beyond that. Online channels contribute over 60% to Honasa’s revenue.

AU Small Finance Bank after its merger with Fincare Small Finance Bank goes through, the private equity firm’s partner Divya Sehgal said in an interview. AU Small Finance Bank announced late Sunday it had agreed to acquire Fincare Small Finance Bank for around $529 million in an-all stock deal. Fincare Small Finance Bank has other investors such as TA Associates, Leapfrog and Tata Capital Financial Services.

₹765.20 crore ahead of the company’s proposed IPO. The equity shares were allotted at the upper price band of ₹ 324 per share (including premium of ₹ 314 per equity shares) with face value of ₹ 10 per share.

Mamaearth parent company Honasa Consumer has raised Rs 765.19 crore from anchor investors ahead of its initial public offering (IPO) launch on Tuesday. The company has also allocated shares worth Rs 253.61 crore to domestic mutual funds. For the anchor portion, the company has allocated 2.36 crore shares at Rs 324 apiece. US financial services major Capital Group has been allocated 8.77% of the anchor investor portion, followed by crossover investor Fidelity, Norges Bank and Abu Dhabi Investment Authority (ADIA).

₹567 crore from anchor investors, where 39 investors took part in the anchor book offering on Friday, October 27. Cello World IPO is a complete offer for sale (OFS), where promoters and other shareholders will sell shares of ₹5 face value totalling ₹1,900 crore.