Mamaearth IPO: Here’s what latest GMP, subscription status suggest about share listing

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₹1,701-crore worth Mamaearth IPO opened for public subscription on October 31 and closed on November 2. The company has finalised the basis of IPO allotment on Friday, November 3. The equity shares of the beauty and personal care company Honasa Consumer will be listed on stock exchanges BSE and NSE, with a tentative listing date fixed on November 10.

Also Read: Mamaearth IPO allotment: Latest GMP, steps to check allotment status Ahead of the IPO listing, let us check what Mamaearth IPO GMP and subscription status show: Mamaearth IPO GMP today, or grey market premium today, is ₹24 per share, as per market observers. This indicates the Mamaearth share price was trading at a premium of ₹24 apiece in the grey market on Saturday, November 4. Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Mamaearth shares is ₹348 apiece, which is 7.41% higher than the IPO price of ₹324.

(Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) Mamaearth IPO has been subscribed 7.61 times during its bidding process. The public issue received bids for 22 crore shares against 2.89 crore shares on offer, according to data from the NSE. In the Mamaearth IPO, retail investors’ portion was subscribed 1.35 times, Non-Institutional Investors’ (NII) portion was subscribed 4.02 times, and the quota reserved for Qualified Institutional Buyers (QIB) was booked 11.50 times.