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.
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