31 Oct 2023
02 Nov 2023
₹308 to ₹324
07 Nov 2023
10 Nov 2023
Honasa Consumer Limited (HCL), founded in 2016, sells beauty and personal care products via its digital platform. Honasa Consumer was founded on the principles of honesty, natural ingredients, and safe care, and it now serves over 500 cities across India. Internally, the company has grown several consumer brands such as Mamaearth, The Derma Co., Aqualogica, Dr. Sheth's, and Ayuga. It recently acquired stakes in BBLUNT and the Momspresso content platform. HCL is on track to become a $1 billion company with the help of Sequoia Capital India, Sofina SA, Fireside Ventures, and Stellaris Venture Partners.
To fund advertising expenses to increase awareness and visibility of the company’s brands. To fund capital expenditure for setting up new EBOs. To invest in the Subsidiary, Bhabani Blunt Hairdressing Private Limited ("BBlunt") to set up new salons. General corporate purposes and unidentified inorganic acquisition.
The book-running lead managers to the offer are: Kotak Mahindra Capital Company Ltd Citigroup Global Markets India Private Ltd Jm Financial Ltd J.P. Morgan India Private Ltd
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