Honasa Consumer IPO gets subscribed 6.09 times so far; should you subscribe? Here is what Anil Singhvi recommends
Honasa Consumer IPO review: Zee Business Managing Editor Anil Singhvi suggests only high-risk taking investors apply for the issue from a long-term perspective.
Honasa Consumer IPO: Honasa Consumer—which owns new-age FMCG brands Mamaearth and The Derma Co—on Tuesday launched an initial public offer (IPO) worth an estimated Rs 1,701 crore. The subscription window for the public offer will be available from 10 am to 5 pm for three trading days, ending November 2.
The Mamaearth IPO comprises the fresh issuance of equity worth Rs 365 crore and an offer for sale (OFS) worth Rs 1,336 crore. Those offering shares in the OFS include promoters Varun Alagh and Ghazal Alagh, and investors like Fireside Ventures Fund, Sofina, Stellaris, Kunal Bahl, Rohit Kumar Bansal, Rishabh Harsh Mariwala, and actor Shilpa Shetty Kundra.
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