Honasa Consumer Limited (HCL), the parent company of Mamaearth, is set to launch its IPO on October 31, with a price band fixed at Rs 308 to Rs 324 per equity share. The IPO comprises a fresh issue of shares amounting to Rs 365 crore and an offer for sale (OFS) of up to 4.12 crore equity shares. Notable OFS participants include promoters Varun Alagh and Ghazal Alagh, investors like Fireside Ventures, Sofina, and Snapdeal co-founders. The IPO, closing on November 2, is anticipated to raise over Rs 1,700 crore. Mamaearth’s positive Q1FY24 results mark a turnaround, reporting a net profit of Rs 24.71 crore.
Mamaearth’s Parent Company, Honasa Consumer Limited, Sets IPO Price Band at Rs 308-324
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