₹765.20 crore from anchor investors on Monday, October 30. Seven prominent mutual funds invested ₹253 crore in the Mamaearth IPO, receiving 33.1% of the anchor allocation.
Mamaearth IPO set the price band for its issue at ₹308-324 per equity share of face value of ₹10 each. Also Read: Mamaearth IPO opens today: GMP, price band, review, here are 10 key things to know about the offer Mamaearth IPO consists of an offer for sale (OFS) of around 4.12 crore shares and a fresh share issuance of up to ₹365 crore.
The company expects to raise about ₹1701.44 crore on the upper price band. As a result, the company was valued at ₹10, 424.53 crore.
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