Honasa Consumer IPO to open for subscription on Oct 31

Mumbai: Honasa Consumer's IPO will open for subscription on Oct 31 and close on Nov 2. The IPO comprises fresh issue of ₹365 crore and an offer for sale (OFS) of 4.12 crore shares. The IPO was sold at a price band of ₹308- 324. Honasa Consumer is a digital-first beauty and personal care ('BPC') company, with brands such as Mamaearth, The Derma Co., Aqualogica, Ayuga, BBlunt and Dr. Sheth's in its portfolio. Bids can be made for a minimum of 46 equity shares and multiples thereafter.

Apart from promoters Varun Alagh and Ghazal Alagh, investors like Fireside Ventures, Sofina, Stellaris and Shilpa Shetty Kundra offered shares as part of OFS.