Mamaearth IPO: Honasa Consumer sets price range at ₹308-324 per share
Mamaearth IPO: Mamaearth’s parent company Honasa Consumer has set the price band for its issue at ₹308-324 per share, with a face value of ₹10 each. On October 31, Honasa Consumer will begin its three-day initial public offering (IPO).
MamaArth plans to raise ₹365 crore in primary capital and offer 41,248,162 equity shares for sale.
Existing investors Fireside Ventures, Stellaris Venture Partners, Sofina Ventures, as well as high net worth individuals Kunal Bahl, Rishabh Mariwala, Rohit Bansal and Shilpa Shetty will sell some of their shares through the IPO.
The Mamaearth IPO opens for subscription on Tuesday, October 31 and closes on Thursday, November 2. The allotment to anchor investors for Honasa Consumer IPO is scheduled to take place on Monday, October 30.
