Mamaearth IPO day 2 LIVE: Issue sees tepid demand on the first day of subscription; retail portion booked 34%
₹365 crore. The IPO will see the sale of 3,186,300 shares by Honasa promoter Varun Alagh and up to 100,000 shares by his wife Ghazal Alagh.
A number of other shareholders, including Kunal Bahl, Shilpa Shetty Kundra, Rishabh Harsh Mariwala, Fireside Ventures Fund, Sofina, Stellaris, and Rohit Kumar Bansal, will be selling their stakes in the OFS. Stay tuned to Mamaearth IPO Live Blog for the latest updates.Mamaearth IPO opened for subscription on Tuesday, October 31, and will close on Thursday, November 2.
Mamaearth IPO has set the price band for its issue at ₹308-324 per equity share of face value of ₹10 each. Download the App to get 14 days of unlimited access to Mint Premium absolutely free! Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!
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