Mamaearth's parent firm Honasa Consumer to launch IPO on Oct 31
Honasa Consumer, the company that runs Mamaearth is set to launch its initial public offering on October 31, Moneycontrol reported.
The price band for the issue will be announced in the coming days.
The anchor book for the issue will be accessible on October 30 for a day, while the public offering will conclude on November 2.
The IPO consists of newly issued shares valued at Rs 365 crore, along with an offer-for-sale (OFS) of 4.12 crore equity shares by promoters and investors.
If the total issue size amounts to roughly Rs 1,700 crore, then the OFS component might be approximately Rs 1,335 crore.
The selling shareholders in the Offer for Sale (OFS) include Varun Alagh, Ghazal Alagh, Fireside Ventures Fund, Sofina, Stellaris, Kunal Bahl, Rishabh Harsh Mariwala, Rohit Kumar Bansal, and Shilpa Shetty Kundra.
The Gurugram-based direct-to-consumer (DTC) company has set aside shares worth Rs 1 crore for its employees.
Honasa Consumer owns a portfolio of brands like Mamaearth, The Derma Co, Aqualogica, Ayuga, and BBlunt.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
Related Articles
CRR cut, AI ethics push, and SORR benchmark: Experts hail RBI’s pragmatic policy moves
Mumbai: The Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.5% while the cash reserve ratio (CRR) has been slashed by 50 basis points to 4 percent, media reports said.
JP Morgan gives 'overweight' rating to Adani Group bonds
Mumbai: US investment bank JP Morgan has assigned an 'overweight' rating to four bonds issued by the Adani Group, citing the group's capacity to scale and grow through internal cash flows, which reduces the likelihood of credit stress.
LG Electronics files DRPH with SEBI; IPO size expected to be over RS 15,000 cr
Mumbai: South Korean electronics giant LG Electronics has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on Friday for the proposed public listing of its Indian business, according to a notification on the Bombay Stock Exchange (BSE).
De-dollarisation not on India's agenda; derisking domestic trade is: RBI Governor Shaktikanta Das
Mumbai: India has not initiated any steps towards de-dollarisation and is solely focused on mitigating risks to domestic trade from geopolitical uncertainties, Reserve Bank of India (RBI) Governor Shaktikanta Das clarified on Friday, media reports said.
Latest News
Exercise Pacific Reach: Indian Navy demonstrates global submarine rescue capability
US govt shutdown hits H-1B visa processing, leaves Indian techies in limbo
Delhi Police recover sex toy, obscene CDs from self-styled godman Chaitanyananda’s ashram
Tripura jailbreak: One inmate nabbed, massive search for five continues
