Mamaearth has denied rumors about its IPO withdrawal, calling them baseless and unfounded. The company plans to raise $200-$300 million through share issuance.
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IPO talks progressing
Mamaearth filed IPO documents in December 2022 and is currently in talks with regulators and bankers, expecting SEBI's approval by next month.
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Significant interest
Mamaearth plans to go publicwith an estimated value of upto $3 billion. The company expects significant interest in its IPO.
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SEBI's queries
SEBI's queries to Mamaearthabout the share issue are a part of regulation process, says CEO Varun Alagh, who is positive about the IPO.
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Timeline
Once Mamaearth receives SEBI approval for its draft red herring prospectus (DRHP), it will have 12 months to file the IPO.