Mamaearth’s parent firm Honasa Consumer IPO to open on Oct 31
时间:2024-06-26 21:10:26 阅读(143)
Honasa Consumer Ltd, which owns new-age FMCG brands like Mamaearth and The Derma Co, is set to launch its Initial Public Offering (IPO) on October 31. The issue will conclude on November 2 and the anchor book of the offer will open for a day on October 30, according to the red herring prospectus.
The IPO comprises a fresh issue of equity shares worth Rs 365 crore and an Offer for Sale (OFS) component of 4.12 crore equity shares by promoters, investors, and other selling shareholders.
Proceeds from the fresh issue would be utilised towards advertising expenses to improve awareness and brand visibility, setting up new exclusive brand outlets, investment in its subsidiary BBlunt for setting up new salons, general corporate purposes, and inorganic acquisition.
The Gurugram-based beauty and personal care company was founded in 2016 by husband-wife duo Varun and Ghazal Alagh. It began with the launch of Mamaearth and over the years added five more brands to its portfolio, including The Derma Co, Aqualogica, Ayuga, BBlunt, and Dr Sheth’s, and built a ‘House of Brands’ architecture.In January 2022, the company entered the unicorn club.
Kotak Mahindra Capital Company, Citigroup Global Markets India, JM Financial and JP Morgan India Pvt Ltd are the book-running lead managers to the issue. The equity shares of the company will be listed on the BSE and NSE.
上一篇:Sebi’s SCORES platform disposes of 3,010 complaints in November; receives 2,886 new plaints
下一篇:Zomato share price may rally 21%, says HSBC; grocery business termed ‘poison pill’, check target
猜你喜欢
- Sensex falls over 410 pts to slip below 61k-level; Nifty retains 18,000
- FIIs turn net buyers for six days in a row, buy Rs 4738 cr in Indian equities
- Import reliance for oil jumps 10 percentage pts since 2015
- Sensex, Nifty may open with gains as SGX Nifty rises; 5 things to know before opening bell
- India rate hike is a touch-and-go affair Thursday, swaps show
- Sebi to auction 61 properties of Saradha Group on July 17 to recover investors’ money
- Indian equities to remain under pressure in near term; add largecap banks, auto, realty stocks
- India resumes mango exports to the US after two years
- Sensex, Nifty at new 52-week highs; is there more steam left- Check Sandip Sabharwal’s top bets - INTERVIEW