Honasa Consumer Ltd, the parent company of Mamaearth, filed its draft red herring prospectus with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) in December 2022
The category meant for qualified institutional buyers (QIBs) was fully subscribed, while the portion for retail individual investors (RIIs) received 74 per cent subscription
The company will utilise the funds in customer acquisition and retention, development of technology and products, payment of debt and for general corporate purposes