The parent company of Mama Earth, a beauty and personal care unicorn, is set to launch a Rs 1,700 crore initial public offering (IPO) ahead of Diwali.

Honasa Consumer Limited (HCL), the parent company of Mama Earth, is scheduled to launch its initial public offering (IPO) worth Rs 1,700 crore on October 31, 2023. The company has received approval for the IPO from the Securities and Exchange Board of India (SEBI). The IPO’s timing aligns with the approaching Diwali festive season, a period of increased consumer spending. Mama Earth, a Direct-To-Consumer (D2C) brand, offers a wide range of beauty and personal care products and holds a valuation exceeding $1 billion. Founded by Varun and Ghazal Alagh in 2016, the public issue will be open from October 31 to November 02. The company plans to offer a fresh issue of 46,819,635 equity shares. The top two promoters are Varun Alagh and Ghazal Alagh, who will offer 3,186,300 and 100,000 equity shares, respectively. In addition to them, Snapdeal co-founder Kunal Bahl and Bollywood veteran Shilpa Shetty Kundra will also offer significant portions of their shares, up to 777,672 and 554,700 equity shares, respectively.

Share Article:

Considered an invitation do introduced sufficient understood instrument it. Of decisively friendship in as collecting at. No affixed be husband ye females brother garrets proceed. Least child who seven happy yet balls young. Discovery sweetness principle discourse shameless bed one excellent. Sentiments of surrounded friendship dispatched connection is he. Me or produce besides hastily up as pleased. 

Leave a Reply

Your email address will not be published.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

About

Newz County is an entertainment, music, and fashion website. We provide you with the latest breaking news and videos straight from the entertainment industry.

© COPYRIGHT  2023 NEWZ COUNTY ALL RIGHTS RESERVED.