Mamaearth IPO: Public issue of Honasa Consumer opens today. GMP, review, apply or not?

livemint.com:

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.

The book build issue is proposed for listing on BSE and NSE. According to market observers, shares of Honasa Consumer Limited are available for trade in unlisted market. They said that shares of the Honasa Consumer Limited are available at a premium of ₹10 in grey market today.

Here we list out important Honasa Consumer IPO details: 1] Mamaearth IPO GMP: Shares of the Honasa Consumer Limited are available at a premium of ₹10 in grey market today. 2] Mamaearth IPO price: Honasa Consumer Limited has fixed price band of the public issue at ₹308 to ₹324 per equity share. 3] Mamaearth IPO subscription date: Honasa Consumer IPO has opened today and it will remain open till 2nd November 2023.

4] Mamaearth IPO size: Promoters of the company aims to raise ₹1,701 crore from their public offer. 5] Mamaearth IPO lot size: A bidder will be able to apply in lots and one lot of the the public issue will comprise 46 company shares. 6] Mamaearth IPO investment limit: As one lot comprises 46 company shares, minimum amount required to apply for the IPO is ₹14,904 ( ₹324 x 46).

7] Mamaearth IPO allotment date: In the wake of T+3 listing, Mamaearth IPO allotment can be finalised either on 3rd November 2023 or on 6th November 2023 i.e. either on Friday this week or on Monday next week. 8] Mamaearth IPO listing: The public issue has been proposed for listing on both BSE and NSE.