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Mamaearth parent Honasa raises Rs 765 crore from anchor investors ahead of IPO

Economic Times

Economic Times · 1y ago

Mamaearth parent Honasa raises Rs 765 crore from anchor investors ahead of IPO

Mamaearth parent Honasa has raised Rs 765 crore from anchor investors ahead of its IPO. The company plans to use the funds to enhance its manufacturing capabilities, expand its product portfolio, and for marketing and brand building activities. Honasa offers a range of personal care products under various brands, including Mamaearth, The Derma Co, and The Moms Co.

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Mamaearth parent Honasa Consumer shares plunge 15% just days after listing

Economic Times

Economic Times · 1y ago

Mamaearth parent Honasa Consumer shares plunge 15% just days after listing

Shares of skincare brand Mamaearth's parent company, Honasa Consumer Ltd, are trading almost 5% down, well below the IPO price of Rs 324 per share. The stock initially dropped to Rs 256.30 before recovering slightly. The company had a market capitalization of Rs 9,248.61 crore but slipped to Rs 8,246 crore. The IPO raised Rs 1,701 crore, and prior to that, the company raised Rs 765.19 crore from anchor investors. Honasa Consumer's CEO advised against judging the company based on short-term stock performance.

Honasa Consumer listing puts focus on investors’ returns, unrealised gains

Economic Times

Economic Times · 1y ago

Honasa Consumer listing puts focus on investors’ returns, unrealised gains

Honasa Consumer, the parent company of Mamaearth, and the attention now being given to the returns made by its investors and the unrealized gains of non-selling shareholders. Fireside Ventures, an early investor, has raised Rs 258 crore from the IPO and still holds unsold investments worth Rs 821.49 crore. Stellaris Venture Partners, another early investor, sold a stake worth Rs 437.3 crore, including Rs 355 crore from the IPO. Angel investors, including Snapdeal founders, also saw significant returns.

Mamaearth parent to launch its IPO on October 31; to raise Rs 1,700Cr

IndianStartupNews

IndianStartupNews · 1y ago

Mamaearth parent to launch its IPO on October 31; to raise Rs 1,700Cr

Mamaearth parent company, Honasa Consumer, is set to launch its IPO on October 31. The company aims to raise approximately Rs 1,700 crore, targeting a valuation of around Rs 10,500 crore. The IPO will include a fresh issue of shares worth Rs 400 crore and an Offer for Sale (OFS) of up to 46.80 million equity shares. Honasa Consumer owns brands like Mamaearth, The Derma Co, Aqualogica, and Ayuga, and recently acquired stakes in BBlunt and content platform Momspresso. Mamaearth's revenue doubled to Rs 943 crore in FY22.

Mamaearth-parent Honasa gets SEBI nod for IPO launch

Money Control

Money Control · 2y ago

Mamaearth-parent Honasa gets SEBI nod for IPO launch

SEBI has granted approval for the initial public offering (IPO) launch of Honasa Consumer, the parent company of beauty and personal care brand Mamaearth. The IPO plan consists of a new share issuance worth ₹400 crore and a potential sale of 4.68 crore shares by promoters and investors. Before submitting the IPO documents, Honasa might also explore raising ₹80 crore through pre-IPO placement.

Northern Arc Capital raises Rs 229 Cr from anchor investors pre-IPO

YourStory

YourStory · 11m ago

Northern Arc Capital raises Rs 229 Cr from anchor investors pre-IPO

Non-bank financial institution Northern Arc Capital has raised Rs 229 crore ($31 million) from anchor investors ahead of its upcoming initial public offering (IPO). The funds were collected by issuing over 87 lakh equity shares at Rs 263 each to anchor investors including SBI General Insurance, Kotak Mahindra Life Insurance, and Goldman Sachs. Northern Arc Capital's IPO, which consists of a fresh issue of equity shares worth Rs 500 crore and an offer for sale of up to Rs 277 crore, is set to open for public subscription on September 16.

Mamaearth parent’s IPO subscribed 13% on day 1

YourStory

YourStory · 1y ago

Mamaearth parent’s IPO subscribed 13% on day 1

Honasa Consumer, the parent company of Mamaearth, saw its shares being subscribed by 13% on the first day of IPO bidding. Retail investors booked 34% of the shares reserved for them, while non-institutional investors bid for nearly 3% of the assigned shares. The price band for the IPO is set between Rs 308 and Rs 324. Honasa Consumer aims to raise Rs 365 crore through a fresh issue of shares and offer for sale. The company plans to use a portion of the proceeds for strategic acquisitions.

Awfis raises Rs 269 crore from anchor investors ahead of IPO

Economic Times

Economic Times · 1y ago

Awfis raises Rs 269 crore from anchor investors ahead of IPO

Flexible office space provider, Awfis Space Solutions, has raised nearly Rs 269 crore ($36 million) from anchor investors ahead of its IPO. 19 domestic mutual funds contributed Rs 144 crore ($19 million) to the capital raising, with the remainder coming from other investors including Allianz Global Investors Fund and HSBC Global Investment Fund. The IPO will raise an additional Rs 128 crore ($17 million) in fresh capital for the company, while the offer for sale component will consist of 12.3 million shares from existing investors. The IPO is set to launch on 22 May.

BlueStone Jewellery raises Rs 693 crore from anchor investors ahead of IPO

Economic Times

Economic Times · 20d ago

BlueStone Jewellery raises Rs 693 crore from anchor investors ahead of IPO

BlueStone Jewellery and Lifestyle raised over Rs 693 crore from anchor investors ahead of its IPO. The Bengaluru-based company, known for its "BlueStone" brand, aims to use the fresh issue's proceeds for working capital and expenses. The IPO, priced between Rs 492 and Rs 517 per share, involves a fresh issue of Rs 820 crore and an offer for sale of Rs 720.65 crore. Institutional investors include SBI Life, Goldman Sachs, and others.

JSW Cement IPO: Company raises Rs 1,080 crore from anchor investors ahead of issue

Economic Times

Economic Times · 22d ago

JSW Cement IPO: Company raises Rs 1,080 crore from anchor investors ahead of issue

JSW Cement raised Rs 1,080 crore from 52 anchor investors ahead of its IPO, set to open on the public subscription from Thursday. They allocated over 7.3 crore shares at Rs 147 each with mutual funds holding 44.45% of it. The IPO includes Rs 3,600 crore with a fresh issue of Rs 1,600 crore and an offer for sale of Rs 2,000 crore. Proceeds will fund a new facility and repay debts.

Mamaearth parent Honasa loses its unicorn status as shares plunge

YourStory

YourStory · 9m ago

Mamaearth parent Honasa loses its unicorn status as shares plunge

Parent company of Mamaearth, Honasa Consumer, lost its unicorn status as shares dropped by 29% over consecutive sessions. The company's market cap fell to Rs 7,721 crore ($902 million), down from the previously projected IPO valuation of Rs 10,500 crore. Honasa clarified the inventory situation with distributors, stating a total inventory of Rs 40.69 crore, as opposed to the quoted figure of Rs 300 crore. Mamaearth's recent second-quarter earnings report showed a loss of Rs 18.71 crore, following previous profitable quarters. Revenue growth has also slowed in recent quarters.

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