December 1, 2023
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Onest IPO GMP Details Guidance & Subscription Status @ Chanakyanipothi.com
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Table of Contents
Onest files IPO documents:
Onest ltd received sebi green signal to its IPO. Now the dates and price band are expected soon.
Onest IPO Guidance.
Will update once the price band is announced
Subscription Status of Onest IPO?
Will update once the IPO opens
Onest IPO Promoters
PAWAN KUMAR GUPTA
Onest IPO Company Details to watch
The Company is primarily engaged in the Fast-Moving Consumer Goods market with a range of home
care and personal care products, food products and household products catering to B2B2C and B2B customers. The Company is also engaged in the Non-Fast Moving Consumer Goods (“Non-FMCG”) market with a range of industrial products, catering to B2B customers. The Company had achieved a ‘One Star Export House’ status issued by the Directorate General of Foreign Trade, Ministry of Commerce and Industry, Government of India within the second year of incorporation i.e. on November 8, 2019 and went on to receive a ‘Two Star Export House’ status within the first four years of incorporation i.e. on January 14, 2022. The Company has exported to over 57 countries as of March 31, 2023 and has recently entered the domestic market with its wide range of products through its subsidiary, Onest EasyLife LLP. The Company has incorporated a wholly owned subsidiary namely Endiro Limited which will begin commercial functioning from Financial Year 2023-24 and will focus on products in the high end premium segment.
The Company is an emerging player to build a value brand in home care and personal care industry. The Company has presence in five continents with major presence in African, Middle East, LATIN, SAARC, ASEAN and CIS countries. It has grown its revenue from operations at a CAGR of 69.55% between Financial Years 2021 and 2023 (from Rs. 641.13 million, in Financial Year 2021 to Rs.1,843.06 million in Financial Year 2023). Further, the Company is also engaged in the business of private labelling with a focus and aim to establish base in developed countries such as USA and in the European markets.
The Company focuses on the following two (2) broad verticals: Fast Moving Consumer Goods and Non Fast Moving Consumer Goods.
1. Fast Moving Consumer Goods
2. Non Fast Moving Consumer Goods
For more information about the company, click www.onestltd.com
Objects of the IPO
The Offer comprises of a Fresh Issue of Equity Shares and an Offer for Sale
1. Funding the incremental working capital requirements of our Company; and
2. General corporate purpose
| Onest IPO Details to watch. | |
| IPO opens on | – ,2023 |
| IPO closes on | – ,2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | up to ? Shares / Rs (?) Cr |
| * Fresh Issue | ? Shares/Rs. 77 Cr. |
| * Offer for Sale | 3,250,000 Sh/ Rs.? Cr. |
| Employees Discount | ? |
| Face Value per share: | Rs. 1 |
| Price Band | Rs. ? |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | ? Shares |
| Listing will at | BSE, NSE |
| Shares offered to | Shares | Rs. in Cr |
| QIB (50 %) | – | – |
| NII (15 %) | – | – |
| RII (35 %) | – | – |
| Employees | – | – |
| Total Shares | – | – |
| Retail portion will be oversubscribed by | (?) Forms | |
| How much Shares to Apply? | Rs. | |
| Min Retail Application | – Shares | – |
| Max Retail Application | – shares | – |
| Small HNI (Min) application | – Shares | – |
| Small HNI (Max) application | ? shares | ? |
| Big HNI Application | ? shares | ? |
| Onest IPO Tentative timetable | |
| IPO opens on | – 2023 |
| IPO Closes on | – 2023 |
| IPO Allotment on | – 2023 |
| Unblocking of ASBA | – 2023 |
| Credit to Demat Accounts | – 2023 |
| Listing on | – 2023 |
| Registered Office of Onest ltd | |
| 2nd Floor, Unit – 11/C, Techniplex – 2, Swami Vivekananda Road, near Witty International School, Goregaon West, Mumbai – 400 062, Maharashtra, India |
|
| Onest IPO Lead Managers | |
| Monarch Networth Capital Limited Unistone Capital Private Limited |
|
| Registrar to Concord Biotech IPO | |
| Link Intime India Pvt. Ltd |
| Onest IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs. in Cr. | Rs.in Cr. | Rs. | % | |
| 2020-21 | 65.43 | 1.46 | 27.55 | 23.43 |
| 2021-22 | 108.99 | 2.44 | 15.88 | 13.08 |
| 2022-23 | 186.53 | 7.99 | 47.94 | 26.92 |
| Book Value of the Share on | 31.03.2023 | Rs.11.70 | ||
| Book Value of the Share | after the IPO | Rs.- | ||
| Offer Price | Rs. ? | |||
| Ratio Analysis | |
| Upper Price Band/last EPS | – |
| Upper offer price/Book Value Ratio | – |
| Upper offer price/BV after IPO Ratio | – |
Onest IPO Peer Comparison
The company is a diversified FMCG company with current revenue majorly coming from exports and comparing the size of the Company, there are no direct listed players which are comparable to it.
# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Onest IPO Guidance
Onest IPO guidance will be updated once the pricing of the IPO is announced.
Onest IPO GMP Details to watch Guidance & Subscription
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