Mamaearth raises Rs.765-Cr from anchor investors


Personal care brand Mamaearth's parent Honasa Consumer raised INR 765.2 crore from 49 investors ahead of the opening day of its initial public offering (IPO). The anchor investors, who were allocated shares at a price of INR 324 per share, included Fidelity Funds, Abu Dhabi Investment Authority, Smallcap World Fund, Government Pension Fund Global, Carmignac Portfolio, and Goldman Sachs. Indian mutual fund companies like ICICI Prudential Mutual Fund, Aditya Birla Sun Life Trustee, Nippon Life India, Axis Mutual Fund, Whiteoak Capital MF, Invesco, and Franklin Templeton Investment Funds also participated.

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