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IPO News: One company that has been in the news for the past few months is MamaEarth’s parent company, Honasa Consumer. The company is all set to make its debut in the stock market. According to the report, Honasa Consumer’s IPO may come in the next few days. The company can be listed in the stock market before Diwali.
IPO opens today, company booms in gray market, investors excited
1700 trying to collect
According to the Money Control report, Honasa Consumer will try to raise Rs 1700 crore through IPO. Company Rs. It could raise funds at a valuation of Rs 10,500 crore. Let us tell you that Honasa Consumer sells its products under the name Mamaearth. The company manufactures beauty products.
Defense sector company doubles its money in 6 months, gets 33 crore work
According to the DRHP filed by MamaEarth, the new shares in the IPO will be priced at Rs. 400 crore will be. And 46.80 lakh shares will be issued under the offer for sale. According to the report, Mamaearth’s IPO may open to retail investors between October 31 and November 2. Also, anchor investors may have an opportunity to bet on the IPO on October 30, 2023.
Achieved unicorn status in 2022
Honasa Consumer was founded in 2017. Husband and wife Varun and Ghazal started it together separately. In January 2023, the company raised $52 million at a valuation of $1.2 billion. After which the company got the status of unicorn. Let us tell you that currently the husband and wife have 43.54 percent share in the company. Apart from this, Peak XV has a share of 20.94 percent. Peak XV is not participating in the Offer For Sale.