Honasa Consumer Private Ltd, the parent firm of brands such as Mamaearth, The Derma Co, and BBlunt, has put its initial public offering (IPO) on hold because of weak market conditions, reported Reuters quoting two people with direct knowledge of the matter said. aaa
There is little doubt that the market for initial public offering (IPO) will continue to attract investors in India who look for ways to make a quick profit. In the latest, Honasa Consumer Private Ltd, the parent firm of brands such as Mamaearth, The Derma Co, and BBlunt has filed draft papers with Sebi for listing to raise funds through a combination of a fresh issue and an offer-for-sale (OFS), said a report.