Mamaearth issue to open on 31 October

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Mumbai: Honasa Consumer, which operates Mamaearth, will launch its three-day initial public offering (IPO) on 31 October, according to its draft prospectus issued on Tuesday. ..

Mamaearth is looking to raise 365 crore in primary capital, and offer 41,248,162 equity shares for sale, it said..

. Existing investors Fireside Ventures, Stellaris Venture Partners, Sofina Ventures, as well as high net-worth individuals Kunal Bahl, Rishab Mariwala, Rohit Bansal, and Shilpa Shetty will be selling some of their shares through the IPO..

For the financial year ended 31 March, the companys revenues were 1515.26 crore as against 964.3 crore in FY22..

The company made a loss of 150.9 crore for the financial year ended 31 March..

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