MAMAEARTH IPO SIZE
How investors struck gold in the new-age IPO boom
In the last month, several new-age companies backed by venture capital, have or are set to hit the public markets. This has resulted in a gold rush for their investors. Travel tech platform Ixigo is set to go public next week, while insurtech firm Go Digit and coworking startup Awfis have already listed on the exchanges in the past one month. Their investors, including Peak XV Partners, Elevation Capital, ChrysCapital and TVS Capital and A91 Partners, are sitting on multiple returns from some of these investments.
New-age stocks recover post poll results; Ixigo IPO launch
A day after election results, shares of new-age companies like Zomato and Delhivery made a sharp recovery on the bourses. A look at the numbers and more in today’s ETtech Top 5.
Companies flock to public markets as IPO fundraising jumps 19% to nearly Rs 62,000 cr in FY24
While FY24 saw firms from varied sectors tapping the IPO market, BFSI had a limited presence, with just Rs 9,655 crore being raised by companies from this sector. This accounts for about 18% of the total IPO fundraising, compared with 51% in FY23.
Smaller IPOs an alternative for shrinking VC exits: Blume report
According to a report from Blume, startups which are not seeing a lot of interest from growth investors, or hitting a growth ceiling and ‘feel better to build profitably than burn for growth’ should be exploring IPOs.
Startup story set for better script in new year after unicorns, funds fall in 2023
Startups with sustainable business models as well as the well-capitalised ones are expected to weather the current turmoil. And the horizon in 2024 is expected to be "exciting" as well as "challenging".
Should you join the IPO rush? A simple guide for the savvy investor
There are 77 companies lined up, waiting to launch their IPOs. Of these, 29 have already got the go-ahead, and others are waiting for approval. We expect to see about 14 new companies on the stock market soon. This busy time in the market is probably because more people are buying things, businesses are using their full potential, and generally, people are feeling good about spending money.
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Sam Altman’s back as OpenAI CEO; Mamaearth’s Q2 profit nearly doubles
Capping five days of high-voltage drama, OpenAI, the maker of ChatGPT, said it is bringing back Sam Altman as its CEO, along with reconstituting its board. We sum up the stunning and chaotic events which shook the technology world in today’s ETtech Top 5.
Mamaearth parent Honasa’s IPO at a crossroads, and other top tech, startup stories this week
This week the much-awaited initial public offering (IPO) of omnichannel retailer Honasa Consumer Ltd, the parent of beauty and personal care brands such as Mamaearth and The Derma Co, was launched.
IPOs next week: Protean eGov Tech, ASK Automotive among 4 IPOs set to light up market in run-up to Diwali
Next week, Protean eGov Technologies and ASK Automotive are planning to raise a cumulative Rs 1,324 crore through their public offers. Two IPOs in the SME segment -- Rox Hi-Tech and Sunrest Lifescience -- will also open for subscription next week.
ET Soonicorns Summit: Investment in Mamaearth happened by chance: Titan Capital’s Kunal Bahl
The initial public offering (IPO) of Honasa Consumer, the parent of personal care brand Mamaearth, closed on Thursday, with the issue getting subscribed 7.61 times, courtesy of a big push from qualified institutional buyers (QIBs) on the final day.
Mamaearth IPO closes with 7.61 times bids
The final day push came in from qualified institutional buyers (QIBs), who put in bids for 11.5 times the shares reserved for the category. The retail portion of the IPO was also subscribed 1.35 times.
Mamaearth parent’s IPO subscribed 7.61 times
The final day push came in from qualified institutional buyers (QIBs), who put in bids for 11.5 times the shares reserved for the category. The retail portion was subscribed 1.35 times.
Mamaearth founders selling shares in IPO is part of a new-age company trend
Prior to the public offering, the promoters held a 37.41% stake in the omnichannel retailer—and this is expected to fall to 35.34% following the issue.
Mamaearth IPO: Snapdeal sharks hit jackpot, turn Rs 38 lakh into Rs 38 crore in 6 years
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%.
Political slugfest after Apple's iPhone attack warning; Data of 81.5 crore Indians leaked
Apple today alerted several opposition leaders to a purported ‘state-sponsored’ attack on their iPhones, kicking off a minor political slugfest. This and more in today’s ETtech Top 5.
Mamaearth’s Ghazal Alagh on why the company’s IPO has a high offer for sale
An OFS involves the sale of existing shares by large stakeholders, such as promoters, venture capitalists or institutional investors. The funds from an OFS go directly to the selling shareholders rather than the company itself.
Mamaearth parent Honasa IPO opens today: Here’s all you need to know
Founders Varun Alagh and Ghazal Alagh will offload a portion of their stakes in the company, worth up to Rs 103 crore and Rs 3 crore, respectively.
Mamaearth parent Honasa Consumer to launch IPO on October 31
The company plans to issue fresh shares worth Rs 365 crore along with an offer-for-sale (OFS) of 41.25 million shares. This is lower than the initially planned Rs 400 crore fresh issue and an OFS component of 46.82 million shares.
IPO-bound Honasa says its growth will build on flagship Mamaearth
Alagh spoke to ET on the sidelines of the company’s press conference to announce the Rs 308-324 per share price band for its upcoming public issue. She said Mamaearth will focus on offline sales to fuel its next phase of growth, while other brands will retain their focus on online sales.
Mamaearth parent Honasa sets IPO price band at Rs 308-324; issue size up to Rs 1,701 crore
At the upper end of the price band, the company will be valued at Rs 10,425 crore, or around $1.25 billion. This is marginally higher than the $1.15 billion valuation at which it last raised private funding in January 2022. At the time, the company raised $52 million.
IT slowdown to hit appraisals; Ghazal Alagh on Mamaearth’s growth strategy
Pay increases at top tier Indian IT firms could halve from a year ago as the $245-billion industry faces a major slowdown. This and more in today’s ETtech Morning Dispatch.
Mamaearth parent sets IPO price band; Meta's ad biz boosts Q3 profits
Mamaearth parent Honasa Consumer has set a price band of Rs 308-324 per share for its upcoming initial public offering (IPO). This and more in today’s ETtech Top 5.
Mamaearth IPO to open on October 31, price band announced
Honasa Consumer, the company behind personal care brand Mamaearth, is set to launch its initial public offering (IPO) on October 31. The IPO includes fresh shares worth Rs 365 crore and an offer for sale of about 4.12 crore shares. At the upper limit of the price band, the company aims to raise Rs 1,701 crore, valuing it at Rs 10,425 crore. Retail investors have been allocated 10% of the issue size, while qualified institutional buyers have been allocated 75%.
We operate at 70% gross margins now and will continue to do so in future as well: Ghazal Alagh, Honasa Consumer
“It is a fast growing company which is still not at a steady state margin profile. Over the years, the margin profile will continue to change and improve and hence if you look at it from EV to revenue and EV to gross margin perspective, which is a better ratio to look at it from, we are fairly attractively valued at this point.”
Mamaearth parent Honasa Consumer IPO likely to be launched next week: Report
Honasa Consumer more than doubled its revenue from operations to Rs 943 crore for the year ended March 2022. It had also clocked a profit of Rs 14.4 crore against a loss a year ago.
Mamaearth's parent Honasa Consumer, healthcare tech firm Indegene get Sebi's nod to float IPOs
Honasa Consumer Ltd, Indegene Ltd, and Vishnu Prakash R Punglia Ltd have received clearance from SEBI to raise funds via Initial Public Offerings (IPOs). Honasa Consumer's IPO consists of a fresh issue of equity shares
LeadSquared is the latest SaaS unicorn; Matrix to raise $450M India fund
LeadSquared raked in $153 million from WestBridge and others to join the unicorn club
FirstCry pauses $1B IPO; crypto investors rethink their bets
FirstCry, which was set to file its draft IPO papers this month, is set to delay its offering by a few months and downsize it to boot.
Mamaearth, Cult.fit snap up offline firms; Jio Platforms to bet $200M on Glance
While it may be too early to call it a trend, these aren’t the first tech startups to acquire old-school firms since the start of the pandemic, which has decimated many offline businesses while boosting their online peers.
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