Onest Ltd. IPO Details
Onest was originally incorporated on January 16, 2018. The company is primarily engaged in the fast-moving consumer goods ("FMCG") market, offering a variety of home care, personal care, food, and household products to both B2B2C and B2B customers.
| Bidding Dates |
|---|
| To Be Announced |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 3.3 M | - | - | ₹770.0 M | DRHP DOC |
Onest Ltd. issue details
Onest Ltd. has 3.3 M shares on offer
Onest Ltd. IPO issue size is ₹ 770.0 M
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 10% | 15% | 75% |
Onest Ltd. IMPORTANT IPO DATES
| Issue Open Date | - |
| Issue close Date | - |
| Allotment Date | - |
| Refund Date | - |
| Demat Account Credit Date | - |
| Listing Date | - |
| Listing on Exchange(s) | NSE and BSE |
Onest Ltd. NUMBER OF SHARES ON OFFER
Onest Ltd. FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| FY23 | 80.0 | 1,843.1 | -95.5 | -100.2 | 5.8% |
| FY22 | 24.4 | 1,078.2 | -83.1 | -87.3 | 3.4% |
| FY21 | 14.6 | 641.1 | 31.2 | 27.9 | 3.0% |
Onest Ltd. INFORMATION ON IPO ISSUE
About Onest Ltd.
Onest was originally incorporated on January 16, 2018. The company is primarily engaged in the fast-moving consumer goods ("FMCG") market, offering a variety of home care, personal care, food, and household products to both B2B2C and B2B customers.
Object of the Issue
- Funding the incremental working capital requirements of the company
- General corporate purposes
Onest Ltd. - PROMOTERS
| Name |
|---|
| Pawan Kumar Gupta |
Onest Ltd. Book running lead manager
Monarch Networth Capital Limited
onest.ipo@mnclgroup.com
Unistone Capital Private Limited
mb@unistonecapital.com
Onest Ltd. Registrar to the offer
Link Intime India Private Limited
onest.ipo@linkintime.co.in
Onest Ltd. Strengths
Diversified business segments
The company has created a diverse product portfolio that spans different segments including home care and personal care, food, and household products within the FMCG vertical. Additionally, they offer industrial and other products as part of the non-FMCG vertical
International customer presence
The company boasts a wide global reach, serving customers across various regions. By March 31, 2023, their products had been exported to over 57 countries. Notable export destinations include the USA, UK, UAE, Africa, the Commonwealth of Independent States (CIS), and Latin America
Cost effective
The company has maintained cost-effectiveness in comparison to its competitors. This cost efficiency in their products has significantly fueled business growth, allowing them to enter international markets and expand their geographic presence
Onest Ltd. Risks
Depend on third-party manufacturers
If these organizations face challenges in manufacturing their products, or if they don't maintain necessary licenses and approvals, it could expose the business to risks. These risks, if they materialize, could have a negative impact on the business, financial condition, results of operations, and cash flows
Revenue limited to two segments
A significant part of their revenue comes from selling products in the home care and personal care segment. If there's a decline in this segment, it could have adverse effects on the business, financial condition, results of operations, and cash flows
Highly competitive industry
They face competition from various sources, including online marketplaces, brick-and-mortar retailers, and brands that directly engage with consumers, bypassing the distribution and sales process
IPO FAQs
The promoter of the company is Pawan Kumar Gupta.
The category allocation of qualified institutional buyers is 75.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 10.0%.