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SEBI Approves Honasa Consumer for IPO

  • Honasa Consumer Ltd, holding company for MamaEarth, The Derma Co, and BBlunt, received SEBI’s approval for its IPO.
  • The IPO includes fresh proceeds of up to Rs 400 crore and selling up to 46.8 million equity shares held by current investors.
  • Despite media speculations, the company registered operating income of Rs 722 crore in H1 FY23, and a reduced profit of Rs 14.4 crore in FY22.
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