Honasa Consumer, the parent company of personal care brand Mamaearth, is all set to bite the IPO bullet and is set to go public on October 31.
Honasa has set a price band of Rs 308-324 per share for the listing, giving significant exits to early investors such as VC firm Stellaris Venture Partners, Fireside Ventures, Marico founder Harsh Mariwala’s son Rishabh Mariwala, and Snapdeal founders Kunal Bahl and Rohit Kapoor.
The company will raise Rs 1,336 crore through the offering, however, the bulk of this will go into the pockets of existing investors. In fact, only Rs 365 crore will come in as fresh funds for the company to invest back into the business.
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