Varun Alagh and Ghazal Alagh, as well as investors Sofina, Fireside Ventures, Evolvence India, Stellaris, and angel investors Kunal Bahl, Rishabh Mariwala, Rohit Bansal, and Shilpa Shetty Kundra, would all see their holdings in the company decrease as a result of the OFS.
Mamaearth’s parent company, Honasa Consumer Ltd, has submitted its draft red herring prospectus for an initial public offering to the Securities and Exchange Board of India IPO. New issuance of shares worth Rs 400 crore will be made through the offer, together with an offer-for-sale (OFS) component for 46.82 million shares.
Varun Alagh and Ghazal Alagh, as well as investors Sofina, Fireside Ventures, Evolvence India, Stellaris, and angel investors Kunal Bahl, Rishabh Mariwala, Rohit Bansal, and Shilpa Shetty Kundra, would all see their holdings in the company decrease as a result of the OFS.
When it raised money earlier this year, the company, which also operates the brands The Derma Co. and BBlunt in addition to Mamaearth, was valued at $1.2 billion.
According to the offer document, Honasa Consumer recorded operating revenue of Rs 722.73 crore with a profit of Rs 3.67 crore from April to September 2022. This contrasts with operational revenue of Rs 943.46 crore for the fiscal year that ended on March 31, 2022, with a profit of Rs 14.43 crore.
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