Mamaearth IPO: Honasa Consumer, the parent company of beauty product brand Mamaearth, is about to bring its IPO. The company has filed a draft paper with the stock market regulator SEBI to bring the IPO. It is believed that Shilpa Shetty, who holds a stake in the company, will sell her stake through an IPO.
Honasa Consumer will issue shares with a face value of Rs 10 in the IPO. In Mamaearth’s IPO, Rs 400 crore will be raised through fresh issue, while the existing shareholders of the company will sell 46,819,635 crore shares under the offer for sale. In the offer for sale, the promoter of the company, Varun will sell 3,186,300 shares and Ghazal will sell 1 lakh shares. Apart from this, Kunal Behl will sell 777672 shares, Rishabh Harsh Mariwala 477300 shares, Rohit Kimar Bansal 777672 shares and Shilpa Shetty Kundra 554700 shares in the IPO.
The company will invest Rs 186 crore in the head of advertisement, Rs 34.23 crore in the head of capital expenditure and Rs 27.52 crore in subsidiary company BBlunt from the amount raised from the fresh issue in the IPO. Mamaearth’s shares will be listed on BSE and SSE.
The company has appointed Kotak Mahindra Capital Company, Citigroup Global Markets, JM Financial and JP Morgan as book running lead managers for the IPO.
Read more This:
