July 19, 2024
Ipo: Mamaearth raises Rs 765 crore from anchor investors ahead of IPO

Ipo: Mamaearth raises Rs 765 crore from anchor investors ahead of IPO

[ad_1]

NEW DELHI: Honasa Consumer, the parent company of Mamaearth has raised Rs 765.2 crore from 49 anchor investors ahead of its initial public offering (IPO) launch on October 31.
Smallcap World Fund, Fidelity Funds, Abu Dhabi Investment Authority, Goldman Sachs among others invested in the company via the anchor book. For the anchor portion, the firm has allocated 2.36 crore shares at Rs 324 apiece.
The company has also allocated shares worth Rs 253.6 crore to domestic mutual funds.“Seven Domestic Mutual Funds have applied through a total of 19 schemes,” the company said in an exchange filing.
Mamaearth’s IPO consists of a fresh issue of shares worth Rs 365 crore and an offer for sale (OFS) of up to 4.12 crore shares. Those offering shares in the OFS include promoters and founders Varun Alagh and Ghazal Alagh and investors like Fireside Ventures, Sofina, Stellaris Venture Partners, Snapdeal co-founders Kunal Bahl and Rohit Kumar Bansal, Rishabh Harsh Mariwala and Bollywood actor Shilpa Shetty Kundra. At the upper end of the price band, the IPO is expected to fetch about Rs 1,701 crore. The company has set a price band of Rs 308-Rs 324 per share for its IPO.
The offer will close on November 2.



[ad_2]

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Hezbollah | The party of God Previous post Hezbollah | The party of God
Israel-Hamas war | Gaza crossing opens for foreigners and wounded Next post Israel-Hamas war | Gaza crossing opens for foreigners and wounded