Mamaearth IPO: 7 mutual funds via 19 schemes invest ₹253 crore

The seven mutual funds as now invested Rs. 253 crore in Mamaearth IPO through 19 schemes. Honasa Consumer the parent company of Mamaearth, IPO has garnered Rs. 765.20 crores from the anchor investors. A total of seven mutual funds have invested Rs. 253 crores in the Mamaearth IPO and have received a total of 33.1% of anchor allocation. The IPO of Mamaeartn opened for subscription on 31st October 2023, Tuesday and it is going to close on 2nd November 2023, Thursday. A total of seven mutual funds have invested Rs. 253 crore. This is the biggest shocking news. To know every single detail regarding this topic read this article till the end without missing any single line.

Mamaearth

Honasa Consumer IPO garnered a capital of Rs. 765.20 crores from anchor investors on 30th October 2023, Monday. As per the reports, a total of seven mutual funds have invested Rs. 253 crore in the Mamaearth IPO and the company has received a total of 33.1% of the anchor allocation. A total of 23,617,228 equity shares have been allotted to the anchor investors. 7,827,544 equity shares have been allocated to those 7 domestic mutual funds. These funds by 7 domestic funds have occurred via 19 schemes. On 31st October 2023, Tuesday, the company IPO opened for subscription and the company also announced that the IPO subscriptions are going to close on 2nd November 2023, Thursday.

Honasa Consumer Ltd. has claimed that there was a total allocation of 23,617,228 equity shares to the Anchor Investors total of 7,827,544 equity shares has been allocated to the seven domestic mutual funds and the company also added that 6 insurance companies have been allocated 11.5% of the anchor allocation. The mutual fund list includes Axis, ICICI Prudential, Nippon, Canara Robeco, Invesco, White Oak Mutual, and Aditya Birla Sun Life. These well-known companies have invested in 19 schemes. As of the total allocation of 7,827,544 equity shares the ICICI Prudential Bharat Consumption fun has been allocated 725,420 equity shares Continue reading.

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Aditya Birla Sun Life Pvt Ltd. was allotted 414,668. Where on the other hand the Nippon Life India Trustee Ltd. was allocated 1,289,870 equity shares. The Axis Mutual Fund Ltd. was allocated 123,418. The Mamaearth IPO has set the price band for the issue at Rs. 308-24  per equity share of the face value of Rs. 10 per share. The company IPO consists of the offer for sale at approx 4.12 crore shares and it has a fresh issuance of more than Rs. 365 crore. Mamaearth might go to raise Rs. 1701.44 crores in the upper price band. It is going to result in the Mamaearth valued at Rs. 10,424.53 crore.

Prakash Israni
Prakash Israni

Prakash, the content creator for Techballad, has built a solid reputation for himself over the course of more than ten years of blogging