The two subsidiaries to be merged with Honasa Consumer have assets worth Rs 48 crore against the market gain of Rs 1,800 crore on August 26
Shares of Honasa Consumer surged to an all-time high following the approval of a merger with Just4Kids Services and Fusion Cosmeceutics by the NCLT.
The ARR of Rs 500 crore is an increase from Rs 350 crore that the company had touched in September 2023.
The net proceeds of the IPO will be used for advertisement expenses to improve brand visibility and awareness, setting up new exclusive brand outlets, investment in BBlunt for setting up new salons, general corporate purposes and inorganic growth
This is the highest income in the last four years for the company, which is a house of brands with a digital-first approach. Its other brands include Aqualogica, Ayuga, BBLUNT, and Dr Sheth's.
Aneesh Sheth, who founded Dr Sheth’s in 2016, will continue to lead the business and product innovation for the brand