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Honasa Consumer, the parent company of Mamaearth, received approval from the Sebi for  IPO.

Published: August 7, 2023
Author: Fashion Value Chain

According to Sebi’s update on August 3, Honasa Consumer filed its preliminary IPO papers with Sebi in December of last year and gained approval in the form of a letter of observations from Sebi at the end of July. According to its draught documents, Honasa Consumer’s initial public offering (IPO) would include a new issue of equity shares with a maximum value of Rs 400 crore.

Additionally, the company’s promoters and current shareholders will sell up to 46,819,635 shares as part of the IPO. Shilpa Shetty Kundra, a well-known actress from Bollywood, Sofina Ventures, and Kunal Bahl are just a few of the shareholders who intend to sell their shares as part of the offer for sale, according to the ET Bureau.

Both the Bombay Stock Exchange and the National Stock Exchange will list Honasa Consumer shares. According to the company’s Linkedin page, Honasa Consumer also owns shares in The Derma Co., Mamaearth, Bblunt, Momspresso, Ayuga, and Aqualogica.

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