Mamaearth IPO vs Updater Services IPO

Comparision between Mamaearth IPO and Updater Services IPO.

IPO Details

Mamaearth IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Updater Services IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Mamaearth IPO	Updater Services IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Kotak Mahindra Capital Company Limited Citigroup Global Markets India Private Limited Jm Financial Limited J.P. Morgan India Private Limited	Iifl Securities Ltd Motilal Oswal Investment Advisors Limited SBI Capital Markets Limited
Registrar	Kfin Technologies Limited	Link Intime India Private Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Mamaearth IPO is up to ₹1,701.44 Cr whereas the issue size of the Updater Services IPO is up to ₹640.00 Cr. The final issue price of Mamaearth IPO is ₹324.00 per share and of Updater Services IPO is ₹300.00 per share.

	Mamaearth IPO	Updater Services IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹308.00 per share	₹280.00 per share
Issue Price (Upper)	₹324.00 per share	₹300.00 per share
Issue Price (Final)	₹324.00 per share	₹300.00 per share
Discount (Retail)
Discount (Employee)	₹30.00 per share
Market Lot Size	46 shares	50 shares
Fresh Issue Size	1,12,68,580 shares	1,33,33,333 shares
Fresh Issue Size (Amount)	up to ₹365.00 Cr	up to ₹400.00 Cr
OFS Issue Size	4,12,48,162 shares	80,00,000 shares
OFS Issue Size (Amount)	up to ₹1,336.40 Cr	up to ₹240.00 Cr
Issue Size Total	5,25,16,742 shares	2,13,33,333 shares
Issue Size Total (Amount)	up to ₹1,701.44 Cr	up to ₹640.00 Cr

IPO Timetable

Mamaearth IPO opens on Oct 31, 2023, while Updater Services IPO opens on Sep 25, 2023. The closing date of Mamaearth IPO and Updater Services IPO is Nov 02, 2023, and Sep 27, 2023, respectively.

	Mamaearth IPO	Updater Services IPO
Anchor Bid Date	Oct 30, 2023	Sep 22, 2023
Issue Open	Oct 31, 2023	Sep 25, 2023
Issue Close	Nov 02, 2023	Sep 27, 2023
Basis Of Allotment (Tentative)	Nov 06, 2023	Sep 28, 2023
Initiation of Refunds (Tentative)	Nov 06, 2023	Sep 29, 2023
Credit of Share (Tentative)	Nov 06, 2023	Oct 03, 2023
Listing date (Tentative)	Nov 07, 2023	Oct 04, 2023
Anchor Lockin End date 1	Dec 06, 2023	Oct 28, 2023
Anchor Lockin End date 2	Feb 04, 2024	Dec 27, 2023

Financials

Mamaearth IPO P/E ratio is , as compared to Updater Services IPO P/E ratio of 44.31.

Mamaearth IPO

Updater Services IPO

Financial

Honasa Consumer Limited Financial Information (Restated Consolidated)

Honasa Consumer Limited's revenue increased by 57.13% and profit after tax (PAT) dropped by -1145.25% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,048.03	966.42	1,035.01	302.64
Revenue	477.10	1,515.27	964.35	472.10
Profit After Tax	24.72	-150.97	14.44	-1,324.61
Net Worth	638.26	605.90	705.62	-1,765.14
Reserves and Surplus	-1,290.94	-1,323.32	-1,087.33
Total Borrowing	6.79	3.61	3.59
Amount in ₹ Crore

Updater Services IPO Financial Information (Restated Consolidated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	579.49	874.57	1,216.95
Revenue	1,216.35	1,497.89	2,112.09
Profit After Tax	47.56	57.37	34.61
Net Worth	285.26	340.43	380.89
Reserves and Surplus
Total Borrowing	11.61	58.68	176.54

Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

37.41%

80.58%

Promoter Shareholding (Post-Issue)

35.34%

58.47%

P/E Ratio

44.31

Market Cap

₹10425.00 Cr.

₹2001.00 Cr.

ROE

9.40%%

ROCE

14.17%%

Debt/Equity

0.46

EPS

₹4.66

₹6.77

RoNW

-23.57%%

9.34%%

Shares Offered

In the Mamaearth IPO retail investors (RII) are offered 52,48,272 shares while in Updater Services IPO retail investors are offered 52,48,272 shares. Qualified institutional buyers (QIB) are offered 1,57,44,820 shares in Mamaearth IPO and 64,00,000 shares in Updater Services IPO.

	Mamaearth IPO	Updater Services IPO
Anchor Investor Reserveration	2,36,17,228 shares	96,00,000 shares
Market Maker Reserveration
QIB	1,57,44,820 shares	64,00,000 shares
NII	78,72,409 shares	32,00,000 shares
RII	52,48,272 shares	21,33,333 shares
Employee	34,013 shares	0 shares
Others
Total	2,88,99,514 shares	1,17,33,333 shares

Bids Received (Subscription)

Mamaearth IPO subscribed 7.61x in total, whereas Updater Services IPO subscribed 2.96x.

	Mamaearth IPO	Updater Services IPO
QIB (times)	11.50x	4.50x
NII (times)	4.02x	0.89x
Big NII (times)	4.85x	1.07x
Small NII (times)	2.36x	0.53x
RII (times)	1.35x	1.45x
Employee (times)	4.88x
Other (times)
Total (times)	7.61x	2.96x

Compare with others

Mamaearth IPO	Updater Services IPO
Fedbank Financial Services IPO	Mamaearth IPO
Gandhar Oil Refinery India IPO	Blue Jet Healthcare IPO
ASK Automotive IPO	Protean eGov Technologies IPO
ESAF Small Finance Bank IPO	IRM Energy IPO
Cello World Limited IPO	Plaza Wires IPO
Blue Jet Healthcare IPO	Valiant Laboratories IPO
Protean eGov Technologies IPO	Manoj Vaibhav Gems 'N' Jewellers IPO
IRM Energy IPO	JSW Infrastructure IPO
Plaza Wires IPO	Sai Silks (Kalamandir) IPO
Updater Services IPO	Yatra Online IPO

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