Mamaearth's parent company, Honasa Consumer, is set to launch its initial public offering (IPO) from October 31 to November 2, with shares priced between Rs 308-324 each.
The company aims to raise around Rs 1,701 crore at the upper end, valuing it at Rs 10,425 crore. The IPO includes fresh share issuance and an offer for sale. Promoter Varun Alagh and others will participate in the sale.
Retail investors can bid for a minimum of 46 shares, amounting to Rs 14,904. The IPO proceeds will fund brand awareness, new outlets, and more. In the June quarter, Mamaearth's revenue surged by 49%, attributing it to strong Mamaearth brand sales. Despite net losses in FY23, the company's revenue soared by 58%.