91  Total SME IPOs listed in 2025

4,041.09 Crs.  Total funds raised in 2025

63  SME IPOs listed with Gain in 2025

28  SME IPOs listed with loss in 2025

91  Total SME IPOs listed in 2025

4,041.09 Crs.  Total funds raised in 2025

63  SME IPOs listed with Gain in 2025

28  SME IPOs listed with loss in 2025

91  Total SME IPOs listed in 2025

4,041.09 Crs.  Total funds raised in 2025

63  SME IPOs listed with Gain in 2025

28  SME IPOs listed with loss in 2025

91  Total SME IPOs listed in 2025

4041.09 Crs.  Total funds raised in 2,025.00

63  SME IPOs listed with Gain in 2025

28  SME IPOs listed with loss in 2025

Honasa (Mamaearth) Consumer Limited IPO Analysis

Honasa (Mamaearth) Consumer IPO is a Book Building listing on BSE,NSE exchange, with an ipo size of ₹ 1701.44 Cr. The company is based in New Delhi and caters to Healthcare - Personal Care sector. Citigroup Global Markets India , J.P. Morgan India , Jm Financial , Kotak Mahindra Capital Company are the merchant bankers of Honasa (Mamaearth) Consumer IPO. It is a MainBoard IPO which filed its Draft Red Herring Prospectus (DRHP) on 28th December 2022.

Honasa (Mamaearth) Consumer IPO posted revenues of ₹ 1908.40 crores and PAT of ₹ 98.88 crores in FY24 on annualised basis.

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 1,857.92 Cr.
            EBITDA: ₹ 117.24 Cr.
            PAT: ₹ 98.84 Cr.
  • EBITDA Margin: 6.31 %
            Pat Margin: 5.32 %
  • Net Worth: ₹ 638.26 Cr.
  • Market Capitalisation: ₹ 10425.00 Cr.
  • P/E: 25.03 times
  • P/BV: 4.46 times
  • EV/EBITDA: 88.88 times
Nature of IPO : MainBoard
Exchange : BSE,NSE
IPO Type : Book Building

Honasa (Mamaearth) IPO Financial Performance (Restated)

Financial results of Honasa (Mamaearth) Consumer IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials Jun-23 FY23 FY22 FY21
Balance Sheet
Assets 1048.02 966.41 1035.01 302.63
Net Worth 638.26 605.90 705.62 -1765.14
Total Debt 6.79 3.60 3.58 1953.99
Profit & Loss
Revenue
Revenue on annualised basis
464.48
1,857.92
1492.74 943.46 459.99
EBITDA
EBITDA on annualised basis
29.31
117.24
22.76 11.45 -1334.03
PAT
PAT on annualised basis
24.71
98.84
-150.96 14.44 -1332.21
Financials
30-Jun-23
FY23
FY22
FY21
Balance Sheet
Assets
1048.02
966.41
1035.01
302.63

Net Worth
638.26
605.90
705.62
-1765.14

Total Debt
6.79
3.60
3.58
1953.99

Profit & Loss
Revenue
Revenue on annualised basis
464.48
1,857.92
1492.74
943.46
459.99

EBITDA
EBITDA on annualised basis
29.31
117.24
22.76
11.45
-1334.03

PAT
PAT on annualised basis
24.71
98.84
-150.96
14.44
-1332.21

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

Honasa (Mamaearth) IPO Key performance Indicators (KPI)

Honasa (Mamaearth) Consumer IPO PAT Margin is 5.32 % , ROCE (Return on Capital Employed) is [●] % as per latest financial. The below table shows Honasa (Mamaearth) Consumer IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars Jun-23 FY23 FY22 FY21
EBITDA Margin (%) 6.31 1.52 1.21 -290.01
PAT Margin (%) 5.32 -10.11 1.53 -289.62
EPS (₹) 0.85 -4.66 0.53 -98.35
ROE (%) 3.87 -24.92 2.05 -
ROCE (%) [●] [●] [●] [●]
ROA (%) 2.36 -15.62 1.40 -440.21
Debt to Equity 0.01 0.01 0.01 -1.11
Particulars
30-Jun-23
FY23
FY22
FY21

EBITDA Margin (%)
6.31
1.52
1.21
-290.01

PAT Margin (%)
5.32
-10.11
1.53
-289.62

EPS (₹)
0.85
-4.66
0.53
-98.35

ROE (%)
3.87
-24.92
2.05
-

ROCE (%)
[●]
[●]
[●]
[●]

ROA (%)
2.36
-15.62
1.40
-440.21

Debt to Equity (x)  
0.01
0.01
0.01
-1.11

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

Honasa (Mamaearth) Consumer IPO Valuation Metrics

The market Capitalisation of Honasa (Mamaearth) Consumer IPO is ₹ 10425.00 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (₹ Cr.):
10425.00

Enterprise Value (EV) (₹ Cr.):
10,420.79

EV/EBITDA (times) :
88.88

PE Multiple (times) :
25.03

P/B (times) :
4.46

NAV (₹) :
20.29

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in Honasa (Mamaearth) prospectus?

The Honasa (Mamaearth) Consumer IPO prospectus highlights an Return on Equity (ROE) of 3.87 % , Return on Assets (ROA) of 2.36 %, and an EBITDA Margin of 6.31 %, showcasing financial performance.

How do profitability ratios impact the evaluation of Honasa (Mamaearth) IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Honasa (Mamaearth) Consumer IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for Honasa (Mamaearth) IPO ?

The post-IPO market capitalisation of Honasa (Mamaearth) Consumer IPO is ₹ 10425.00 Cr., based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of Honasa (Mamaearth) IPO?

The Honasa (Mamaearth) Consumer IPO has a Price-to-Earnings (PE) ratio of 25.03 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of Honasa (Mamaearth) Consumer IPO?

Honasa (Mamaearth) Consumer IPO reported revenue of ₹ 1908.40 Cr. in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Honasa (Mamaearth) Consumer IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of Honasa (Mamaearth) Consumer IPO?

Honasa (Mamaearth) Consumer recorded an EBITDA of ₹ 117.24 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of Honasa (Mamaearth) Consumer IPO?

Honasa (Mamaearth) Consumer Profit After Tax (PAT) is ₹ 98.84 Cr., reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 1,857.92 Cr.
            EBITDA: ₹ 117.24 Cr.
            PAT: ₹ 98.84 Cr.
  • EBITDA Margin: 6.31 %
            Pat Margin: 5.32 %
  • Net Worth: ₹ 638.26 Cr.
  • Market Capitalisation: ₹ 10425.00 Cr.
  • P/E: 25.03 times
  • P/BV: 4.46 times
  • EV/EBITDA: 88.88 times

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

Honasa (Mamaearth) Consumer operates in Healthcare - Personal Care and Beauty And Personal Care Product. The Issue is listed on BSE,NSE in Nov, 2023. Honasa (Mamaearth) Consumer IPO size was 1701.44 with Issue price of 324.00 .

Merchant Banker(s) of Honasa (Mamaearth) Consumer IPO: Citigroup Global Markets India Private Limited , J.P. Morgan India Private Limited , Jm Financial Limited , Kotak Mahindra Capital Company Limited

Honasa (Mamaearth) Consumer IPO subscription was 7.61 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Honasa (Mamaearth) Consumer IPO listed at a listing price of 337.15 against the offer price of 324.00.

The current market price of Honasa (Mamaearth) Consumer is 302.80.

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