Honasa Consumer Ltd. has announced public offering of 52513596 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 314.00 per share. The gross proceeds of the issue are expected to be Rs 1,70,144.05 lakhs.
The company's initial public offer (IPO) will open on 31 October 2023 and is expected to close on 02 November 2023, subject to customary closing conditions. The price band of the issue has been fixed at Rs 308.00-324.00 per share.
The IPO includes a fresh Issue of 52513596 Equity Shares of the Company at an price of Rs 324.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 46 shares with bids in multiples of 46.
Honasa Consumer Ltd. anticipates using the proceeds of the issue for .
Citigroup Global Markets India Pvt.Ltd.,JP Morgan India Private Limited.,Kotak Mahindra Capital Company Ltd.,JM Financial Ltd. as lead manager(s) & KFin Technologies Ltd. is the registrar, to the issue.