Mamaearth parent Honasa raises Rs 765 crore from anchor investors ahead of IPO
Mamaearth parent company Honasa Consumer has raised Rs 765.19 crore from anchor investors ahead of its initial public offering (IPO) launch on Tuesday. The company has also allocated shares worth Rs 253.61 crore to domestic mutual funds.
For the anchor portion, the company has allocated 2.36 crore shares at Rs 324 apiece. US financial services major Capital Group has been allocated 8.77% of the anchor investor portion, followed by crossover investor Fidelity, Norges Bank and Abu Dhabi Investment Authority (ADIA).
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Offering CollegeCourseWebsiteIIM LucknowIIML Executive Programme in FinTech, Banking & Applied Risk ManagementVisitNorthwestern UniversityKellogg Post Graduate Certificate in Product ManagementVisitIIM KozhikodeIIMK Advanced Data Science For ManagersVisitIn its red herring prospectus, the company had said that the existing shareholders that are participating in the IPO could allocate up to 60% of the portion reserved for qualified institutional buyers (QIBs), to anchor investors, of which one-third shall be reserved for domestic mutual funds.
