MamaEarth IPO: Big earning opportunity for investors, MamaEarth's IPO is opening today, raised Rs 765 crore from anchor investors
MamaEarth IPO: Honasa Consumer Limited, owner of FMCG brands like Mamaearth and The Derma Company, will launch its IPO today. The company's IPO in the stock market will start today at 10 a.m. Before the IPO, the company informed that it had raised Rs 765 crore from anchor investors. Know what is the price band of IPO and what is the complete IPO offer.
Today is a good opportunity for investors to earn money in the stock market. Honasa Consumer Ltd, the owner of FMCG brands like Mamaearth and The Derma Co, is going to open its IPO offer today.
Bidding for Honasa Consumer's IPO will start at 10 a.m. on October 31, but before that, the company has said that it has raised Rs 765 crore from anchor investors.
According to information received on BSE, the company has allotted 2,36,17,228 equity shares to 49 investors at Rs 324 per share, which is the upper level of the IPO price band.
The anchor investors of this IPO are Aditya Birla Sun Life Mutual Fund (MF), Axis MF, Nippon India MF, Invesco MF, SBI Life Insurance Company, ICICI Prudential Life Insurance Company, Government Pension Fund Global, Caisse de Depot et Placement du Québec, Smallcap World Fund Inc., Abu Dhabi Investment Authority and Goldman Sachs (Singapore).
The company's IPO will open on October 31 and close on October 2. The company has kept the price band of this IPO at Rs 308-324 per share. Investors can bid for a minimum of 46 equity shares and multiples thereof.
The company has made a fresh issue of Rs 365 crore in this IPO, while the company's promoters will sell 4.12 crore equity shares through Offer for Sale (OFS). These promoters include investors like Varun Alagh, Ghazal Alagh, Fireside Ventures Fund, Sofina, Stellaris, Kunal Bahl, Rohit Kumar Bansal, Rishabh Harsh Mariwala and Bollywood actress Shilpa Shetty Kundra.
With the upper price band of the IPO, the company is looking to raise Rs 1,701.44 crore from investors. Mamaearth is a beauty and personal care company started by Varun and Ghazal Alagh in 2016. The company joined the Unicorn Club in January 2022.
