Mamaearth's parent company Honasa to put IPO on hold: report
According to a media report, sources have revealed that the IPO has been put on hold owing to weak market conditions
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According to a media report, sources have revealed that the IPO has been put on hold owing to weak market conditions
In a statement, Mamaearth CEO and co-founder Varun Alagh said,
Citing weak market conditions as the reason, a report by Reuters revealed that Mamaearth has gone into a “wait and watch” mode and put the IPO on hold
'Post the approval as is in line with the regulations we will have 12 months to file RHP and take the company public, which we will do in consultation with our bankers'
Honasa Consumer filed its draft papers with Sebi in December last year to raise funds through an initial share-sale.