Mamaearth’s IPO Scheduled to Launch on October 31st
- ByStartupStory | October 27, 2023
Mamaearth’s highly anticipated initial public offering (IPO), operated by Honasa Consumer, is set to open for subscription from October 31 to November 2nd. The company is known for its popular brands like Mamaearth, Aqualogica, and the Derma Co. Within this IPO, Mamaearth has established a price range of Rs 308-324 per share.
The IPO includes several notable selling shareholders, comprising prominent funds such as Evolvence India, Fireside Ventures, Sofina, and Stellaris, along with well-known individuals like Shilpa Shetty Kundra, who also acts as the brand ambassador for Mamaearth. Additionally, individuals like Kunal Bahl, Rishabh Harsh Mariwala, the son of Harsh Mariwala, Founder and Chairman of Marico, and Rohit Kumar Bansal are also looking to divest their stakes in this IPO.
One significant aspect of Mamaearth’s IPO is its potential to generate substantial returns for its pre-IPO investors. For instance, Shilpa Shetty Kundra, who acquired her shares at an average weighted cost of Rs 42 per share, plans to sell around 14 lakh shares in the IPO, potentially yielding an impressive 8X return on her initial investment.
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This IPO is generating significant interest and anticipation in the market due to its strong growth potential and the participation of renowned stakeholders. Investors will be closely watching its performance during the subscription period.
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