Mamaearth IPO – plans to raise ₹1,700 cr => Check Issue Date, Price & Details

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Honasa Consumer is launching an IPO (initial public offering) on October 31. This company owns brands like Mamaearth, The Derma Co, and more.

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The IPO will raise Rs 365 crore through new shares. Existing shareholders will also sell some of their shares worth Rs 1,335 crore.

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Honasa Consumer's revenue has grown quickly over the last 3 years. But it made a loss of Rs 142.8 crore in 2022-23 due to some one-time costs.

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The IPO money will be used for advertising, opening new stores, investing in subsidiary BBlunt salons, and other purposes.

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Investors like Fireside Ventures and Sequoia Capital already own stakes in Honasa Consumer. After IPO, the company will list on stock exchanges BSE and NSE.

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The IPO will open on October 31 and close on November 2. Shares will get listed on November 10.

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This is a good opportunity for investors to own shares in popular brands like Mamaearth. The company has grown fast and has large market share.

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