BUSINESS

Mamaearth is not withdrawing IPO

By Athik Saleh

1

No withdrawal

Mamaearth has denied rumors about its IPO withdrawal, calling them baseless and unfounded. The company plans to raise $200-$300 million through share issuance.

2

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.

3

Significant interest

Mamaearth plans to go public with an estimated value of up to $3 billion. The company expects significant interest in its IPO.

4

SEBI's queries

SEBI's queries to Mamaearth about the share issue are a part of regulation process, says CEO Varun Alagh, who is positive about the IPO.

5

Timeline

Once Mamaearth receives SEBI approval for its draft red herring prospectus (DRHP), it will have 12 months to file the IPO. 

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