The anchor ebook of the supply will open for a day on October 30.
Mamaearth IPO: The firm has mounted the value band for the Rs 365-crore IPO at Rs 308-324 a share
Mamaearth IPO: Honasa Consumer Ltd, which owns new-age FMCG manufacturers like Mamaearth and The Derma Co, is ready to launch its preliminary public providing (IPO) on October 31. The challenge will conclude on November 2. The firm has mounted the value band for the Rs 365-crore IPO at Rs 308-324 a share.
The anchor ebook of the supply will open for a day on October 30, in line with the pink herring prospectus.
The IPO includes a contemporary challenge of fairness shares value Rs 365 crore and a proposal on the market (OFS) element of 4.12 crore fairness shares by promoters, buyers, and different promoting shareholders.
The Mamaearth IPO lot dimension is 46 fairness shares and in multiples of 46 fairness shares thereafter.
Mamaearth IPO has reserved not lower than 75 per cent of the shares within the public challenge for certified institutional consumers (QIB), no more than 15 per cent for non-institutional buyers (NII), and less than 10 per cent of the supply is reserved for Retail Investors.
A reduction of Rs 30 per fairness share is being supplied to eligible staff bidding within the worker reserve portion.
Those providing shares within the OFS embrace promoters and founders — Varun Alagh and Ghazal Alagh — and buyers like Fireside Ventures Fund, Sofina, Stellaris, Kunal Bahl, Rohit Kumar Bansal, Rishabh Harsh Mariwala and Bollywood actor Shilpa Shetty Kundra.
Proceeds from the contemporary challenge could be utilised in the direction of promoting bills to enhance consciousness and model visibility, organising new unique model shops, funding in its subsidiary BBlunt for organising new salons, common company functions, and inorganic acquisition.
The Gurugram-based magnificence and private care firm was based in 2016 by husband-spouse duo Varun and Ghazal Alagh. It started with the launch of Mamaearth and over time added 5 extra manufacturers to its portfolio, together with The Derma Co, Aqualogica, Ayuga, BBlunt, and Dr Sheth’s, and constructed a ‘House of Brands’ structure.
In January 2022, the corporate entered the unicorn membership. Kotak Mahindra Capital Company, Citigroup Global Markets India, JM Financial and JP Morgan India Pvt Ltd are the ebook-operating lead managers to the difficulty. The fairness shares of the corporate might be listed on the BSE and NSE.
