Mamaearth’s IPO had sailed through, led by qualified institutional bidders (QIB) who bought 11.5 times while retail investors remained cautious, subscribing 1.4 times the allotted quota
At the upper end of the price band, the company will be valued at Rs 10,425 crore, or around $1.25 billion. This is marginally higher than the $1.15 billion valuation at which it last raised private funding in January 2022. At the time, the company raised $52 million.